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#1
4th October 2021, 08:18 PM
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How much is the Margin under Indian Overseas Bank Education Loan scheme?
Can anyone of you please let me know about the loan margin for such students who are applying an education loan in Indian Overseas Bank? I am interested to apply an education loan in this bank that is why I want to know about the loan margin.
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#2
8th October 2021, 11:03 PM
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Re: How much is the Margin under Indian Overseas Bank Education Loan scheme?
Margin money is contribution of applicant to total expense incurred.
For studying in India ,margin is 5%. And for studying abroad ,margin is 15% No margin may be insisted upon for loans upto 4 lacs. Scholarship availed by the borrower are included in margin money. |
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