EDUCATION loan fraud from education and financial institution

If you have taken an education loan from Eduvanz to enroll in a course with Times Pro, and you are now disenrolling yourself from the course because of poor teaching quality and seeking a refund of the EMI's paid to Eduvanz, you may have a few legal remedies available to you:

1. Check the terms and conditions of your loan agreement with Eduvanz: The loan agreement you have signed with Eduvanz would contain the terms and conditions of the loan, including the procedure for refund in case of course disenrollment or discontinuation. Check whether the agreement provides for any refund or cancellation policy, and if yes, follow the procedure mentioned in the agreement.

2. Approach Times Pro for refund: As you have disenrolled from the course due to poor teaching quality, you can approach Times Pro for a refund of your course fees. Check their refund policy, and if they refuse to provide a refund, send a legal notice demanding a refund of the fees.

3. File a complaint with the consumer forum: If Eduvanz and Times Pro do not provide you with a refund, you can file a complaint with the Consumer Dispute Redressal Forum (CDRF) or National Consumer Disputes Redressal Commission (NCDRC) depending on the amount of the loan and fees. You can file a complaint under the Consumer Protection Act, 2019, for deficiency of services and unfair trade practices.

Filing a criminal case in this matter may not be the most appropriate legal recourse, as this appears to be a dispute related to a commercial transaction between you and the education loan provider and the educational institution. The dispute may involve allegations of deficiency of services, unfair trade practices, or breach of contract.

However, if you believe that there is a criminal element involved, such as fraud or misrepresentation, you can file a criminal complaint with the police under the relevant provisions of the Indian Penal Code (IPC). For example, if you believe that either Eduvanz or Times Pro has committed fraud, you can file a complaint under Section 420 (Cheating and dishonestly inducing delivery of property) of the IPC.

It is advisable to consult a lawyer who specializes in consumer law and education loans to understand your legal options and remedies available to you and who may guide you after understanding your case in detail.

1. Review Loan Agreement: First, carefully review the loan agreement and terms and conditions you signed with the financial institution. Understanding the terms of your loan is essential before taking any action.
2. Contact Eduvanz: If you believe there is an issue with your education loan, contact Eduvanz directly. They may be able to address your concerns, provide clarification, or offer solutions. Be sure to document all communication with them.
3. Check Loan Cancellation Policy: Review the loan cancellation policy mentioned in your agreement with Eduvanz. It will outline the conditions under which you can cancel the loan and any associated penalties or fees.
4. Complaints and Reviews: Research Eduvanz reviews and complaints online to see if others have faced similar issues and if they have found solutions. This can provide insights into the company's track record.
5. Legal Action: If you believe that you have been a victim of education loan fraud or that Eduvanz has violated the terms of the loan agreement, you may consider legal action. Consult with a lawyer specializing in financial or consumer law to explore your legal options.
6. Government Authorities: You can also report instances of loan fraud to relevant government authorities, such as the Reserve Bank of India (RBI) or the Consumer Affairs Department, which oversee financial institutions and consumer protection.
7. Credit Reporting: Be aware that any issues related to the loan could impact your credit score. Check your credit report regularly to ensure accuracy and address any discrepancies.