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  #1  
23rd October 2018, 09:29 PM
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How much interest is charged during moratorium period of Laxmi Vilas Bank Education Loan for BCA(H) course?


I am trying to apply for an education loan in Laxmi Vilas Bank for my BCA(H) course. I want to know that for applying an education loan what interest charges during the moratorium period? Kindly tell me immediately. Waiting for your response!



  #2  
18th January 2022, 10:29 PM
Hera tabrez
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Default Re: How much interest is charged during moratorium period of Laxmi Vilas Bank Education Loan for BCA(H) course?

Moratorium period is not interest free.
Simple interest is charged by bank for entire duration.
Borrowers are expected to pay this interest in addition to educational loan in form of installments.
Students can begin their interest and EMI payments after they have completed their course successfully.
Incase they fail to find employment, they can avail extension of six more months of this moratorium period from bank.
Do you have any question? or have anything to say?



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