Education and Career Forum

I have got admission in B.Tech course and getting an Education Loan from Indian Bank. But I want to know that how much is the holiday period one can enjoy after completing the course to repay the loan amount under Indian Bank Education Loan scheme?

The holiday period for Indian Bank Education Loan is course period plus 6 months or 1 years after getting a job, whichever is earlier.

The loan amount can be repaid in 10-15 years. So, after completion of the course, the holiday period is 6 months or 1 year after getting a job, whichever is earlier.

Yes, there is a holiday period after completion of the course which every education loan seeker gets as per the education loan scheme. As per the education loan scheme, one needs to start repayment of education loan after six moths of completion from the year of completion of the course or on joining any organization for job, whichever is earlier. Hence, usually you will get a year to enjoy after which you need to start the repayment of education loan irrespective whether you get a job or not.