4th August 2018, 10:13 PM
Posts: n/a

Prepayment fine under Education Loan scheme of State Bank of India?

I was searching for an education loan scheme. After searching I thought that applying an education loan from State Bank of India 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?

9th August 2018, 10:28 PM
Senior Member+++++
Join Date: Jul 2013
Posts: 14,288
Default Re: Prepayment fine under Education Loan scheme of State Bank of India?

No prepayment charges are imposed under Education Loan offered by State Bank of India. You can repay the education loan amount in advance without any prepayment charges.

The Moratorium period under State Bank of India Education Loan Scheme is course period plus one year and the repayment tenure is 15 years.
Do you have any question? or have anything to say?

Related Topics:

Thread Replies Last Post
Possibility to avail scholarships provided in India if study M.Tech in Germany? Which are the scholarships available? 1 31st December 2017 04:54 PM
How scholarships are beneficial for students? Is it offered on skills basis? Where do these scholarships come from? 1 29th January 2017 11:50 PM
Are there scholarships available for colleges based on 12th board marks? How much is required to avail such scholarships? 3 19th May 2016 12:59 PM
How to motivate students to get scholarships? Procedure to get scholarships? 14 21st April 2015 08:33 AM

Powered by vBulletin® Version 3.8.3
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.3.0
vBulletin Optimisation by vB Optimise.
Please also check: