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25th September 2016, 01:40 PM
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Processing period and repayment mode of Bank of India Education Loan scheme?


I am getting admission in KIIT University for BDS course. But I need to apply an Education Loan. I have a student account in Bank of India. So, I want to know about the processing period and repayment mode of this Bank Education Loan scheme.





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  #2  
27th September 2016, 01:00 AM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Processing period and repayment mode of Bank of India Education Loan scheme?

The processing period of education loan in Bank of India varies from one branch to another depending on the concerned branch manager. However, usually it takes around 7-15 days to get processed completely. The repayment mode of education loan is generally through EMIs wherein you need to pay a definite amount to the bank monthly. You can also deposit lumpsum amount in your loan account to repay the education loan.
Do you have any question? or have anything to say?



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