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  #1  
6th September 2015, 10:06 PM
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How much time does a candidate get to repay Loan amount by Financial Institution after completing course?


Hello,
If a candidate taken Education Loan from Financial Institution for his education and does not get job after completion of the course then how much time financial institution give to candidate for repay the loan?




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  #2  
14th September 2015, 11:48 PM
SudeepKumarSaha
Senior Member+++++
  
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: How much time does a candidate get to repay Loan amount by Financial Institution after completing course?

The bank will give six months time after the year of completion of the concerned course for which the education loan was taken. After six months, it will ask the concerned loanee to start repaying the loan irrespective of whether he/she has got job or not. You need to comply with this norm in order to get education loan at the beginning of your course. However, if you get job before six months, then the bank will ask to start repaying from the date of your first salary.
  #3  
15th September 2015, 09:40 PM
ArunavaBasu
Senior Member++++
  
Join Date: Mar 2015
Posts: 2,155
Default Re: How much time does a candidate get to repay Loan amount by Financial Institution after completing course?

You will be given six months time after the completion of the course for which the Educational Loan was taken.
You must start repaying the Loan amount in installments after six months from when your course gets over.
You can also start repaying from the day you want to but you must start your payment within six months of completion of your course.
Do you have any question? or have anything to say?



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