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  #1  
4th November 2016, 03:57 PM
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Moratorium period and interest rates under Indian Overseas Bank Education Loan scheme for ITI(Civil Draughtsman) course?


I want to apply an Education Loan for ITI Civil Draughtsman course from Indian Overseas Bank. Can I know the moratorium period of this Education Loan for such course? Please tell me the interest rates also.




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  #2  
16th November 2016, 12:13 AM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Moratorium period and interest rates under Indian Overseas Bank Education Loan scheme for ITI(Civil Draughtsman) course?

The moratorium period under Indian Overseas bank is -

- 1 year from the date of course completion or six months after joining a job whichever is earlier.

The repayment period is however 15 years.

The rate of interest fluctuates from time to time. It is computed as simple interest for the entire study period. Usually the rate of interest is 13-14.5 percent.
Do you have any question? or have anything to say?



« What kind of benefits are available to pay interest during course in Indian Overseas Bank Education Loan? | Can we get study scholarship every year? Procedure to apply for scholarship exam? »

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