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#1
26th February 2017, 08:43 PM
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What will be the installment and terms & condition of an education loan of amount 4 lakh of Punjab National Bank?
Hello sir, I want to apply for an education loan of amount 4 lakh at Punjab National Bank to study degree course. Please tell me what will be the installment and terms & condition for it?
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#2
8th April 2017, 04:21 PM
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Re: What will be the installment and terms & condition of an education loan of amount 4 lakh of Punjab National Bank?
The installment which you need to repay during the repayment period depends on the following factors.
1. Prevailing rate of interest during the repayment period. 2. Number of repayment years you choose. So, before the repayment period commences, the concerned bank from which you took loan will notify you the interest rate and the different EMI options based on the number of repayment years. You need to choose the option as per your personal convenience and request the bank to initiate your repayment. |
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