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  #1  
14th December 2015, 12:42 AM
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Can I repay Loan amount in 3 years if studying PGDM in Manipal University with a payment duration of 5 years?


Sir,
I have got an admission in Manipal University for PGDM course with an education loan of ICICI Bank. The duration of payment is 5 years. I want to know that I can pay the loan amount in 3 years also?




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  #2  
17th December 2015, 01:14 PM
ArunavaBasu
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Join Date: Mar 2015
Posts: 2,155
Default Re: Can I repay Loan amount in 3 years if studying PGDM in Manipal University with a payment duration of 5 years?

Yes you can repay the Loan in 3 years also as there is no problem if you want to repay the Loan amount in less time.
So you just need to contact the Bank regarding your wish to repay the Loan back in 3 years instead of 5 years and all the rest of the process will be said to you by the Bank.
This provision is there for Educational Loans so you need not worry about the repayment of Loan in less duration of time.
Do you have any question? or have anything to say?



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