#1
7th June 2016, 01:39 PM
|
|||
|
|||
Does bank charges late fine under Education Loan payment scheme? When to pay the loan amount to banks?
I am Dushyant Trivedi. I have taken an Education Loan and doing my MBA. I just want to know that from when can I start paying the Loan amount without any fine? And if I pay the loan amount late then will bank charges fine?
|
#2
7th June 2016, 09:38 PM
|
|||
|
|||
![]()
You need start repaying your loan after six months of completion from the year of your passing of MBA course or on joining an organization for job , whichever is earlier. You can also start repayment before any of these occurrence. There is nothing like fine if you repay the education loan late; the bank will send you notice to repay the loan and the interest will be computed as compound interest instead of simple interest which is calculated, otherwise.
|
Related Topics: |
||
Thread | Replies | Last Post |
List best girls college for Mass Media in Mumbai? | 7 | 5th September 2015 03:31 AM |
|