Education and Career Forum

Sir, I was taken an amount of 6 lakh as education loan from SBI with an annual interest rat of 12%. Now I have completed course but due to unemployment I can not pay the sum. Please tell me how can I get subsidy in education loan? Where I should approach?

Subsidy is only available to those who have a family income of less than 4.5 lakhs per annum. You need to submit the income proof certificate from the concerned authority at the branch to avail subsidy.

Even after getting subsidy, you will have to pay the EMI. Hence, there is no getting away with repayment. You have to find a job or pay through other means.