#1
6th June 2014, 02:29 AM
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Is Canara bank providing full interest subsidy for education loans?
Is canara bank providing full interest subsidy for education loans??? Plz help me to knw dis....!!
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#2
7th June 2014, 03:17 PM
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Re: Is Canara bank providing full interest subsidy for education loans?
No, there is no such provision as full interest subsidy for education loan under Canara Bank. But there are subsidies on various grounds like category of the student, senior citizen quota of parents, retired serviceman, etc. There is no full subsidy of interest. However, interest will be charged in the form of simple interest unlike other loans where it is compound interest. But it will be only for the entire study period and after that the interest will be charged again as compound interest.
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