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  #1  
24th September 2015, 12:11 PM
Unregistered
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Should I have to pay Interest charge every month against Education Loan to study MBA in India?


Sir,
I want to know that if I do MBA in India and by taking Education Loan then I have to pay Interest rates charge every month? Please let me know as soon as possible.




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  #2  
17th December 2017, 12:46 PM
Careerexpert
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Join Date: Dec 2013
Posts: 12,066
Default Re: Should I have to pay Interest charge every month against Education Loan to study MBA in India?

Quote:
Originally Posted by Unregistered View Post
Sir,
I want to know that if I do MBA in India and by taking Education Loan then I have to pay Interest rates charge every month? Please let me know as soon as possible.

No, it is not necessary to pay an interest charge every month against an education loan to study MBA in India. You can start to pay the education loan after completion of the course and moratorium period. Interest would be charged from the date on which education loan was sanctioned. You can pay it after completion of your MBA course. You can contact any nationalized bank branch near your residence and get your doubts cleared before applying for an education loan. You can also check the details on the bank’s website.
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