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  #1  
2nd June 2018, 12:29 PM
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How much interest is chared during moratorium period of Bank of Baroda Education Loan?


Respected Sir/Madam, I am trying to apply an education loan in Bank of Baroda for my MTech course. I want to know that for applying an education loan what interest charges during the moratorium period? Kindly tell me immediately.




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  #2  
1st August 2018, 06:44 PM
Narendra2121
Senior Member
  
Join Date: Jul 2018
Location: Hyderabad
Posts: 375
Default Re: How much interest is chared during moratorium period of Bank of Baroda Education Loan?

interest rate chared during moratorium period of Bank of Baroda Education Loan is mentioned below:

Simple interest will be charged through the moratorium period with monthly rests. If loan amount exceeds Rs.2 lakhs, penal interest at the rate of 2% applies on the overdue amount
Do you have any question? or have anything to say?



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