4th November 2016, 03:57 PM
Posts: n/a

Repayment mode under Education Loan scheme of Federal Bank?

Can anyone of you tell me about the repayment mode of Education Loan policy of Federal Bank? Please let me know the repayment so that I can apply the Education Loan of this Bank. Thank you!

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6th November 2016, 09:20 AM
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Repayment mode under Education Loan scheme of Federal Bank?

Repayment of education loan is usually done through EMI. You need to deposit or transfer the EMI amount to the ban account which is linked to your loan account. Every month the EMI repayment amount will get automatically deducted. Apart from this, you can also deposit lumpsum amount in the loan account directly to repay the loan faster.
6th November 2016, 11:09 AM
Senior Member+++++
Join Date: Jul 2013
Posts: 14,288
Default Re: Repayment mode under Education Loan scheme of Federal Bank?

The Federal Bank education loan can be repaid in any of the following modes in Equated Monthly Installments (EMI) :-

--> Cheques
--> Standing instructions at your branch
--> FedNet - Internet Banking
--> Automated Payment through ECS
--> Mobile Banking
Do you have any question? or have anything to say?

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