Education and Career Forum

Hello sir, I was taken an education loan from SBI one years ago of rupees 4 lakh but now want to repay the whole amount. Please tell me what should I do for it? Is it good decision?

It is nice that you want to repay the entire loan amount. It is indeed a good decision as you can shed off the burden of loan from your shoulders quickly. You need to approach the bank from which you took education loan. Have a meeting with the branch manager. Tell him/her that you want to repay the education loan. Write an application to this effect and submit it to the concerned branch manager. Then the bank will give you a form of repayment. Fill it correctly and submit it. Then you can deposit the entire repayment amount in the loan account. Once the entire repayment is done, the bank will give you NOC letter as a proof of complete repayment and no dues remaining.