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  #1  
30th April 2017, 11:13 AM
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Coverages offered, Loan tenure and Pre-payment charges of Federal Bank for an education loan?


Hello sir, I want to study Masters in Mechanical stream so, I need education loan from Federal Bank. Please tell me what will be the Coverages offered, Loan tenure and Pre-payment charges?




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  #2  
2nd May 2017, 12:59 PM
bhushankumar398
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Join Date: Jun 2013
Posts: 1,303
Default Re: Coverages offered, Loan tenure and Pre-payment charges of Federal Bank for an education loan?

You are interested to take education loan from Federal Bank for doing Post graduation. You are interested to know about the Loan coverage, Loan tenure and Pre- Payment charges for education loan.

Loan Coverage: In this you have to select the options given in the application form. Following are the things that come under loan coverage:
**Tuition Fee
**Hostel Fee
**Cost of Essential Text Books
**Electronic Gadgets such as Laptops/ Desktop

Loan Tenure: Course Duration plus an additional one year or 6 months after getting job whichever is earlier

Pre-Repayment charges: You will get a discount of 1% in interest if you deposit interest every month.

**If you still have any doubt regarding this, then you have to visit to nearest bank branch of Federal Bank to get aware about all the relevant information about this.
Do you have any question? or have anything to say?



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