#1  
24th April 2018, 04:38 PM
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Repayment mode against Rs. 6 Lacs in Syndicate Bank Education Loan scheme?


Friends, I want to take loan of Rs. 6 Lacs for my MBA course from Syndicate Bank. I want to know the mode of repayment in details so that I can calculate my EMI. Please tell me immediately.





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  #2  
10th June 2018, 01:23 PM
ppsahu
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Join Date: Apr 2018
Posts: 12,628
Default Re: Repayment mode against Rs. 6 Lacs in Syndicate Bank Education Loan scheme?

Repayment mode against Rs. 6 Lacs in Syndicate Bank Education Loan scheme is as follows.

A year after completing the course or six months after getting a job, you are expected to repay loan amount in five to seven years. You get 6 months interest free window period till the getting a job.

=>Interest Rate: Above 4 Lacs:- 12.25%

=>Margin: Above Rs.4.00 lacs:-
For studies in India: 5%
Studies abroad :--15%
Do you have any question? or have anything to say?



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