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  #1  
30th August 2018, 01:13 PM
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Prepayment fine under PSB Excellence-Education Loan Scheme?


I have heard that Punjab & Sind Bank is introduced PSB Excellence-Education Loan Scheme for the students who are willing to do short term professional courses. I would like to know that if I apply in this scheme then what prepayment fine will they charge? I am interested to apply in this scheme but need to know about prepayment fine first.



  #2  
15th July 2022, 03:46 PM
Hera tabrez
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Join Date: Oct 2020
Location: Kanpur
Posts: 6,959
Default Re: Prepayment fine under PSB Excellence-Education Loan Scheme?

There is no prepayment fine
Students can choose to pay lumsum amount at frequent intervals to repay their study loan in addition to EMIs

Thus in case , any applicant wants to repay the loan earlier then in that case no prepayment fine is charged by bank.
Do you have any question? or have anything to say?



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