#1  
7th June 2018, 09:48 PM
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Repayment mode against Rs. 10 Lacs in Andhra Bank Education Loan scheme?


Dear friends, I want to take an education loan of Rs. 10 Lacs for my MBA course from Andhra Bank. I want to know the mode of repayment in details so that I can calculate my loan EMI amount. Please tell me immediately. Waiting for your response!





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  #2  
8th June 2018, 06:38 PM
ajayrocks007
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Join Date: Mar 2012
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Posts: 19,970
Default Re: Repayment mode against Rs. 10 Lacs in Andhra Bank Education Loan scheme?

Repayment of education loan is in the form of EMI and it automatically starts after 6 months of completion of course, if you have started working. Interest rates are charged on the amount you have taken and EMI is calculated according to the time duration your have selected to repay the amount.

You can avail subsidy, in case you belong to a financially weaker section of the society by providing an income proof certificate to the bank.




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