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  #1  
29th May 2018, 03:00 PM
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Repayment mode against Rs. 6 Lacs in SBI Education Loan scheme?


Respected Sir, I want to take loan of Rs. 6 Lacs for my BTech course from State Bank of India. I want to know the mode of repayment in details so that I can calculate my EMI. Please tell me immediately. Waiting for your response!




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  #2  
4th March 2023, 02:28 PM
ManojTejPratap
 
Join Date: Feb 2023
Posts: 249
Default Re: Repayment mode against Rs. 6 Lacs in SBI Education Loan scheme?

The repayment mode for SBI Education Loan can be as follows:
  • EMI (Equated Monthly Installment) through ECS (Electronic Clearance Service) or SI (Standing Instruction) from your SBI account. You can set this up while applying for the loan or later on after the loan disbursement.
  • Repayment through post-dated cheques.
  • Online payments through SBI Net Banking or Mobile Banking.

You can choose any of the above modes as per your convenience for the repayment of your education loan of Rs. 6 Lacs.

To calculate your EMI, you can use online EMI calculators available on the SBI website or any other financial websites. The EMI amount will depend on the loan amount, interest rate, and loan tenure.
Do you have any question? or have anything to say?



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