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#1
9th November 2021, 10:16 PM
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Repayment methods under IndusInd Bank Education Loan scheme?
Hello Sir/Madam, I am going to apply for an Education Loan in IndusInd Bank. Please tell me about the methods of repayment as I don’t know about the repayment of education loan if I take from this Bank Education Loan. Please tell me as soon as possible.
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#2
14th November 2021, 11:07 PM
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Re: Repayment methods under IndusInd Bank Education Loan scheme?
Repayment method
The repayment period for this loan can be anywhere from 1_5 years. The loan amount for each year is repayable in 12 EMIs The bank doesn't ask for collateral security or 3rd party gurantee. The interest rate ranges from 11.0%- 23.0% |
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#3
15th November 2021, 10:37 AM
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Re: Repayment methods under IndusInd Bank Education Loan scheme?
The most common method to keep your education loan repayment organized and self-driven is EMI (easy-monthly-installment). EMIs are fixed amount of sum decided at the time of taking a loan which students can pay every month to repay the study loan step-by-step.
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