#1
10th September 2019, 11:03 PM
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How much interest charges during moratorium period of State Bank of India Education Loan for BTech course?
I am trying to apply for an education loan in State Bank of India for my BTech course. I want to know that in order to apply for an education loan what interest charges during the moratorium period? Kindly tell me immediately. Waiting for your response!
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#2
5th October 2022, 01:38 PM
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The accrued interest during the moratorium period and course period is added to the principal and repayment is fixed in Equated Monthly Installment .
If full interest is serviced before the commencement of repayment . EMI is fixed on principle amount only . There are no penalty charges on prepayment. Therefore the earlier student starts the repayment , the lower will be the interest paid on the loan. |
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