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  #1  
10th September 2015, 12:27 PM
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How can I repay Education Loan if get job in USA after completing MS?


Respected Sir,
If I get Education Loan for study MS course in USA and get job there then how can I repay? Actually I am ready to go USA for my MS course and they have told me that they will give me placement and I have applied for Education Loan of Rs. 25 Lacs from ICICI Bank. So, if I get job in USA then how I pay my Loan?




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  #2  
29th November 2015, 10:36 PM
SudeepKumarSaha
Senior Member+++++
  
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: How can I repay Education Loan if get job in USA after completing MS?

You need to do the following on getting job :-

- Inform the bank concerning your job offer.
- Write an application to the bank stating that you want to initiate your repayment.
- The bank will give you an EMI amount.
- You need to deposit the EMI amount every month in your savings account and it will get deducted automatically.
- You can also repay lumpsum by depositing in the loan account.
Do you have any question? or have anything to say?



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