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#1
21st October 2018, 03:04 PM
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Details of prepayment fine under Education Loan scheme of Karur Vysya Bank for BBA(H) aspirant?
Hi everyone, I was searching for an education loan scheme for studying BBA(H) course. After searching I thought that applying an education loan from Karur Vysya Bank is fine for me as I have an account in this bank. But I am unable to understand the prepayment fine. Can I know about this particular term?
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#2
21st July 2022, 06:54 PM
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Re: Details of prepayment fine under Education Loan scheme of Karur Vysya Bank for BBA(H) aspirant?
No prepayment fine is charged by bank.
One can prepay the education loan without any charges or fine. The repayment tenure is 5 to 7 years and it may go upto 15 years. Those who do not repay their education loan , the lender notifies the applicant as well as guarantor for the same. Loan default has negative impact on credit score of borrower. |
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