Education and Career Forum

Hello friends, I want to take a loan of Rs. 8 Lacs for my BTech course from RBL Bank. 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. Thank you!

Convenient principal repayment
The loan can be repaid through cheque/DD
It can be repaid through cheque or cash

The monthly EMI during repayment of education loan depends on the repayment period.
EMI calculation
Calculate principal as P*R*T/100
Then calculate Amount=P+I
Now divide amount by total no.of months
You will get your EMI
The repayment period may extend from 7 years to 15 years depending on the needs of applicant or any other reason.