Education and Career Forum

Hello everyone, I am going to apply for an education loan in Nainital Bank Limited. I am interested to study BCA(H) course and I just want to know about the moratorium period of this particular bank education loan so that I can easily calculate the expenses and all things in this particular scheme.

The moratorium period is usually the course duration + 6 months or 1 year.

Bank usually allow student to take adequate time to sort out their finances and prepare for loan repayment accordingly.

Banks charge interest on moratorium period which is afterwards added to the principal amount.