Education and Career Forum

Respected Sir, I am going to apply for an Education Loan of Kerala State Co-Operative Bank Ltd for studying MS in Abroad. But before that I want to know is there any prepayment fine available in an educational loan scheme of this bank? If yes, then please let me know.

Prepayment fine or penalty means , its a fee that some lenders charge when you pay all or part of your mortgage loan term off early.
Yes, you can repay your education loan early ,it requires some weighty calculations, planning and strict repayment schedule.