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#1
16th April 2017, 04:58 PM
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Can a borrower of education loan set Equated Monthly Installments on incremental basis?
Hello sir, I was taken an education loan from SBI and now in final year of the course. I want to know can I set Equated Monthly Installments on incremental basis?
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#2
25th April 2017, 09:53 PM
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Re: Can a borrower of education loan set Equated Monthly Installments on incremental basis?
No, you cannot set the Monthly Installments by your own. You have to repay the loan as per the calculations by the bank. You have to decide that in how many installments you are going to repay according to that you have to repay that loan amount along with the interest.
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