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#1
20th September 2018, 01:44 PM
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How much interest is charged during moratorium period of Laxmi Vilas Bank Education Loan for MBA course?
I am trying to apply for an education loan in Laxmi Vilas Bank for my MBA course. I want to know that for applying an education loan what interest charges during the moratorium period? Kindly tell me immediately. Waiting for your response!
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#2
13th August 2022, 11:22 AM
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Re: How much interest is charged during moratorium period of Laxmi Vilas Bank Education Loan for MBA course?
The interest charged by bank for education loan is 9.65% p.a
The repayment starts after 1 year of course completion or 6 months after getting a job. Loan interest repayment will start immediately after disbursement of 1st installment of the loan. Only simple interest is charged during the moratorium period and after that , actual interets is charged. The interest rate ranges from 8.85% to 10.75% |
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