Education and Career Forum

Can anyone of you please let me know about the holiday period which Indian Overseas Bank can provide for the loan taker who wants to study BCA(H)? I want to take an education loan from Indian Overseas Bank that is why I want to know about the holiday period.

Holiday period is also known as the moratorium period and it is the course duration plus 12 months or 6 months after getting a job whichever is earlier.

Repayment begins after the end of moratorium period. Candidates have to repay the loan in equal monthly Instalments for a maximum period of 5 - 7 years excluding holiday period.

The holiday period under Education Loan Scheme of Indian Overseas Bank for BCA (H) aspirant is 6 months after getting a job or one year after completion of the course, whichever is earlier.

The repayment tenure under education loan scheme of Indian Overseas Bank is maximum 5 to 7 years excluding holiday period.