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#1
15th July 2019, 04:22 PM
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When Andhra Bank will start the mode of repayment? Should I have to inform Andhra Bank for my placement?
Hello everyone, I got a job in Singapore after completing Bachelor of Hotel Management here. I have taken an education loan from Andhra Bank. I got on placement job. So, I have to inform the bank about my placement? And from when they will start to take back their money?
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#2
19th July 2019, 01:45 PM
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Re: When Andhra Bank will start the mode of repayment? Should I have to inform Andhra Bank for my placement?
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Andhra Bank starts the repayment after completion of the Moratorium period or repayment Holiday. Moratorium period / Repayment holiday in the Andhra Bank is the course period + 1 year or 6 months after getting a job, whichever is earlier. Therefore, Andhra Bank will start the repayment after completion of the Moratorium period / Repayment Holiday. You have to inform the Andhra Bank branch to collect the repayment through EMIs. |
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