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#1
14th June 2016, 05:50 PM
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Countable years of repayment against Loan amount of Rs. 7.75 Lacs in Union Bank of India?
If I take an Education Loan of Rs. 7.75 Lacs from Union Bank of India for MBA course then in how many years I have to repay the Loan amount?
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#2
15th June 2016, 10:05 PM
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Re: Countable years of repayment against Loan amount of Rs. 7.75 Lacs in Union Bank of India?
The number of years in which you want to repay the entire education loan of 7.75 lakhs depends on you. If you want you can repay it at once or you can opt for monthly installments to repay it. You can also deposit lumpsum amounts in between your repayment period to reduce the repayment amount. Usually the maximum time for repayment of education loan is seven years. Hence, you can repay your education loan as monthly EMIs for seven years.
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