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  #1  
27th June 2016, 01:16 PM
Unregistered
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How the scholarship amount will be computed under Bank Education Loan?


Hi,
Suppose, I have applied an Education Loan from any Bank for B.Tech course. And I have also applied and got scholarship. Then, how I can a Bank take this matter? I would like to know that how it can be computed? Please let me know asap.




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  #2  
24th July 2016, 09:55 PM
SudeepKumarSaha
Senior Member+++++
  
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: How the scholarship amount will be computed under Bank Education Loan?

The bank usually tells the candidate to inform bank if he/she receives scholarship. There are many cases where the student does not inform the bank and there is no action required from any side. However, it is always recommended to intimate the bank on receiving any financial aid from external sources. The scholarship amount can be used to maintain the marginal amount of your education loan. It can be used by the bank as security margin at the time of disbursement of loan installment.
Do you have any question? or have anything to say?



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