|
#1
30th December 2018, 08:03 PM
|
|||
|
|||
Repayment mode against Rs.10 Lacs in South Indian Bank Education Loan scheme?
Friends, I want to take loan of Rs.10 Lacs for my MBA course from South Indian Bank. I want to know the mode of repayment in details so that I can calculate my EMI. Please tell me immediately.
|
|
#2
3rd February 2019, 11:52 PM
|
|||
|
|||
Re: Repayment mode against Rs.10 Lacs in South Indian Bank Education Loan scheme?
Quote:
Loan repayment period is maximum 15 years for Rs.10 Lac amount. Mode of loan repayment will be in EMI basis or you can also pre-close the loan. EMI is based on your no. of repayment years, rate of interest and capital amount. Rate of Interest: • Marginal Cost of funds based Lending rate (MCLR) +2.5% (or) • Marginal Cost of funds based Lending rate (MCLR) +3.5% Simple Interest will be charged during moratorium Moratorium period will be course period plus 1 year Visit this website https://www.southindianbank.com/cont...dhan-scheme/92 for eligibility and required documents needed for the loan. |
|
|
Related Topics: |
||
| Thread | Replies | Last Post |
| Repayment mode against Rs. 10 Lacs in ICICI Bank Education Loan scheme? | 1 | 21st October 2022 11:42 AM |
| Repayment mode against Rs. 20 Lacs in Indian Bank Education Loan scheme for MS-Abroad aspirant? | 1 | 27th November 2018 07:54 PM |
| Repayment mode against Rs. 6 Lacs in Syndicate Bank Education Loan scheme? | 1 | 10th June 2018 01:23 PM |
| Repayment mode against Rs. 10 Lacs in Andhra Bank Education Loan scheme? | 1 | 8th June 2018 06:38 PM |
|
|
Education and Career Forum
