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#1
4th November 2016, 04:57 PM
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What kind of benefits are available to pay interest during course in Indian Overseas Bank Education Loan?
If I want to give the interest money during my course in Indian Overseas Bank Education Loan then what benefits I will get? Please let me know about this asap. Thank you!
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#2
16th November 2016, 01:11 AM
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Re: What kind of benefits are available to pay interest during course in Indian Overseas Bank Education Loan?
The benefits are more or less same in every bank especially nationalized banks. If you give the interest amount during the study course, then you are liable to get subsidy. You can get a rebate of 1% in the rate of interest in the following quarter if you had paid the interest in the previous quarter. Thus, whatever will be the prevailing rate of interest in the market at that time, you will get a discount of 1%.
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