#1  
24th October 2015, 06:03 PM
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What does the moratorium periods means for interest rates in education loan?


Hello sir,

I have applied and getting education loan for my Post Graduation. The Bank has given me the notice that interest rates will be charged during the moratorium period. I can't understand this. Kindly tell me about this?





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  #2  
28th October 2015, 04:44 PM
palugulavenumadhav
Senior Member+++++
 
Join Date: Dec 2014
Location: Hyderabad
Posts: 3,103
Default Re: What does the moratorium periods means for interest rates in education loan?

A Moratorium period is defined as the time or waiting period that the borrower is not required to make any repayment.

Generally, after the disbursement of the loan amount the borrower has to repay by paying a few amount each and every month.

But there is a facility towards educational loan which is moratorium period. The person who has taken the educational loan should start repay the loan after he/ she starts earning.
Do you have any question? or have anything to say?



Related Topics:

Thread Replies Last Post
Which Bank offer cheapest Interest rates against Education Loan of Rs. 15 Lacs? Which is among Floating and Fixed interest rates better if want to repay before 1 year completing of education? 1 17th December 2017 12:54 PM
What does Moratorium periods means for interest rates? 1 28th October 2015 05:46 PM
Which Bank offered cheapest Interest rates against Education Loan of Rs. 15 Lacs? Which is among Floating and Fixed interest rates better if want to repay before 1 year completing of education? 1 3rd October 2015 01:09 PM
Why I have to repay with higher interest rate if opted for Fixed rate to study in Abroad through Education Loan provided by Indian Bank? Is there any Norms of RBI related to Fixed/Floating Interest Rates for Nationalized Banks? 1 4th May 2015 02:29 AM



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