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#1
24th April 2018, 04:38 PM
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Prepayment fine under Education Loan scheme of Karnataka Bank?
I was searching for an education loan scheme. After searching I thought that applying an education loan from Karnataka Bank is fine for me as I have an account in this bank. But I am unable to understand the prepayment fine. Can I know about this particular term?
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#2
24th June 2018, 10:35 PM
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Re: Prepayment fine under Education Loan scheme of Karnataka Bank?
No, there are no prepayment charges under Education Loan Scheme of Karnataka Bank. The loan amount can be prepaid without any charges. The repayment period under education loan scheme of Karnataka Bank is course period plus one year or 6 months after getting a job, whichever is earlier.
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