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#1
10th October 2016, 06:51 PM
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How much I have to pay per month against Loan amount of Rs. 6 Lacs to Karnataka Bank? Do I have to pay after completion of my course?
If I get an Education Loan from Karnataka Bank of Rs. 6 Lacs for my MBA course the how much I have to pay in a month? And I have to pay after completion of my MBA?
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#2
13th October 2016, 09:17 AM
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Re: How much I have to pay per month against Loan amount of Rs. 6 Lacs to Karnataka Bank? Do I have to pay after completion of my course?
The repayment amount depends on various factors.
- The prevailing rate of interest. - The repayment period. - Subsidy if applicable. Hence, the repayment amount which you need to pay monthly depends on the above factors and cannot be stated exactly until the above factors are analysed for your case. If you take into account , the repayment period as 7 years , then your amount will be around 8-10 k per month. Yes, you can start repayment after getting a job or after 1 year of course completion whichever is earlier. |
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