Education and Career Forum

I am going to apply for an Education Loan in Nainital Bank. Please tell me about the methods of repayment as I don’t know about the repayment of education loan if I take from this Bank under Naini Shiksha. Please tell me asap.

Repayment methods under Nainital Bank Naini Shiksha Education Loan scheme is given below.

Repayment will start after the completion of course period and moratorium period (Repayment begins one year after the course completion or 6 months after getting a job, whichever is earlier).
Simple interest is debited quarterly during the repayment moratorium period. When the repayment begins, cursed interest is added to the principal amount and EMI is settled on the total outstanding loan amount.
For more details, please visit the below mentioned link.
http://www.nainitalbank.co.in/englis...i_Shiksha.aspx