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#1
18th March 2018, 12:33 AM
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Is there any prepayment fine available under CBI Education Loan scheme?
Respected Sir, I am going to apply an education loan in Central Bank of India. But before that I want to know that is there any prepayment fine available in an educational loan scheme of this bank? If yes, then please let me know.
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#2
12th May 2018, 05:34 PM
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Re: Is there any prepayment fine available under CBI Education Loan scheme?
No, there are no prepayment fine/ charged under Central Bank of India Education Bank. Maximum repayment period for loans upto Rs. 7.5 lakhs is 10 years and for loans above Rs. 7.5 lakhs, it is 15 years. The repayment will commence after 12 months after completion of the course or after 6 months after getting a job, whichever is earlier.
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