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  #1  
21st April 2017, 11:06 AM
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What will be the EMI, Tenure and interest rate of an education loan of 6 lakh? Is there any facility of repayment before completion of course?


Hello sir, I want to apply for an education loan of 6 lakh at SBI so, please tell me what will be the EMI, Tenure and interest rate for it? Is there any facility of repayment before completion of course?




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  #2  
24th April 2017, 09:17 PM
MerajAmir
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Join Date: Jan 2017
Location: kolkata
Posts: 812
Default Re: What will be the EMI, Tenure and interest rate of an education loan of 6 lakh? Is there any facility of repayment before completion of course?

The interest rate on Rs.6 lac is 3.75% and there is no processing charges. As per the calculations you have to pay Rs. 6000 approx along with the interest rate within the period of 10 years. No, there is no such facility. You need to pay after completion of your course or after the completion of moratorium period (after 6 months of getting the job).
Do you have any question? or have anything to say?



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