#1  
31st May 2015, 02:36 PM
Unregistered
Guest
 
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From when should I start repayment of my Education Loan taken against B.Tech course? Latest Education Loan rate of interest?


Hello Sir,
I am Sushant Singh and I have taken
an Education Loan and doing B.Tech.
I just want to know when can I start paying
the Loan without any fine. What is rate of Interest at present?





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  #2  
6th June 2015, 05:43 PM
SudeepKumarSaha
Senior Member+++++
 
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: From when should I start repayment of my Education Loan taken against B.Tech course? Latest Education Loan rate of interest?

The repayment has to be done when :-

- You join any organization for job.
- Six months completion of your course for which you had taken loan.

Note :- From the above two, whichever occurs earlier you have to start repayment from that time.

The current rate of interest is 13.45 percent. However, it fluctuates from time to time and ranges between 13-14.5 percent.




  #3  
8th June 2015, 02:34 PM
Sam James
Senior Member
 
Join Date: Aug 2011
Posts: 246
Default Re: From when should I start repayment of my Education Loan taken against B.Tech course? Latest Education Loan rate of interest?

Quote:
Originally Posted by Unregistered View Post
Hello Sir,
I am Sushant Singh and I have taken
an Education Loan and doing B.Tech.
I just want to know when can I start paying
the Loan without any fine. What is rate of Interest at present?
The interest rate is dependent on bank to bank and also the terms and conditions you signed while availing the scholarship. If you got the government subsidy scheme then you may get interest - free during the course period.

Repayment may be started once you get a job after the course or one year after the completion of degree whichever is earlier.




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