Education and Career Forum

my brother applied educatonal loan, now he is working his salary is not sufficent to repay the loan but still he is paying the due amount regulary please say how to get subsidy for his loan amount

Education Loan Subsidy scheme provides financial assistance to help students to repay education loan with ease. Your brother can avail these subsidies in the form of interest rate subsidies, loan forgiveness or rebate on education loan repayment.

He would need to contact the bank directly with salary slip to get the subsidy.

To avail the benefits of government subsidy schemes, income certificate/proof from the designated officer/competent authority of the concerned state is mandatory and the applicant has to submit to the branch from where the loan is availed before sanctioning the loan.

To Avail the benefit of Government Subsidy schemes, Income certificate/proof from the designated officials of the respective states/Competent Authority is mandatory before sanctioning of the loan and applicant need to submit the same to the branch from where the loan is availed and also execute the documents as required.