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  #1  
9th November 2021, 10:13 PM
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Disbursement time taken under OBC Education Loan scheme?


I just want to know that if I apply an education loan from Oriental Bank of Commerce then after what time they will disburse the loan amount? I am going to apply an education loan from OBC. Kindly tell me asap.



  #2  
15th November 2021, 02:35 PM
Hera tabrez
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Join Date: Oct 2020
Location: Kanpur
Posts: 6,959
Default Re: Disbursement time taken under OBC Education Loan scheme?

The loan is to be repaid upto 5_7 yrs after commencement of payment.
If student is unable to complete the course with in time extension is permitted for a period of 2 years.

1_2 % concession is provided for lonees if the interest is serviced during study period.
Subsidy is provided to economically weaker section .
OBC education loan repayment calculator calculate EMI based on loan amount you have applied for .
Banks offers convenient education loan
EMIs as low as Rs 6984 per lakh for 15 yrs tenure and lowest rate of interest 7.05%
Do you have any question? or have anything to say?



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