Education and Career Forum

Hi everyone, I was searching for an education loan scheme for studying in Abroad. I thought that applying an education loan from South Indian Bank Limited is fine for me as I have an account in this bank. However I am unable to understand the prepayment fine. Can I know what it is?

The prepayment fine under an education loan scheme of South Indian Bank Limited for Abroad studies are NIL. You can prepay the education loan amount before without any processing charges.

You should have secured admission to higher education course in a recognised college/ university to be eligible to apply for an education loan.