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  #1  
7th October 2016, 05:25 PM
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Repayment mode under Special Vidya Loan scheme of Federal Bank?


I would like to know that if I take an Education Loan of amount Rs. 5 Lacs from Federal Bank under Special Vidya Loan scheme then what will be my Repayment mode? Please tell me about the repayment mode.




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  #2  
8th October 2016, 05:04 PM
SudeepKumarSaha
Senior Member+++++
  
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Repayment mode under Special Vidya Loan scheme of Federal Bank?

The repayment mode depends on you. You can repay the loan via :-

- Monthly Installment (EMI)
- Cheques at the respective branch
- FedNet - Through internet banking
- Automated payment through ECS
- Mobile Banking
  #3  
8th October 2016, 09:34 PM
Saikiranreddy47475
Senior Member+++++
  
Join Date: Jul 2013
Posts: 14,288
Default Re: Repayment mode under Special Vidya Loan scheme of Federal Bank?

You can repay the Federal Bank Special Vidya loan through Equated Monthly Installments. You can repay the loan through any one of the modes listed below :-

1. Cheques
2. At branch
3. FedNet - Internet Banking
4. Automated Payment through ECS
5. Mobile Banking
Do you have any question? or have anything to say?



« Maximum amount offered under Education Loan scheme of Kotak Mahindra Bank for International CFA course? | What kind of benefits are available in Federal Bank Special Vidya Loan scheme? »

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