Education and Career Forum

Hello Sir/Madam, I am going to apply for an education loan in Bank of Maharashtra. Please tell me about the methods of repayment as I am interested to study MCA(H) through this education loan and I don’t know about the repayment of education loan if I take from this Bank education loan. Please tell me as soon as possible.

The repayment methods under Bank of Maharashtra Education Loan Scheme for MCA (H) aspirant are mentioned below:-

—> Loan amount has to be repaid in Equated Monthly Installments (EMIs) within 15 years after completion of moratorium period.

The moratorium period under Bank of Maharashtra Education Loan Scheme is course period plus one year or six months after getting a job, whichever is earlier.