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  #1  
1st November 2016, 02:56 PM
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Should I have to repay loan amount just after 4 years if going to complete B.Tech in 5 years?


If I complete my B.Tech in 5 years instead of 4 years then I have to pay the loan amount which I have taken under Education Loan scheme after 4 years? Please let me know about this.




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  #2  
3rd November 2016, 08:24 AM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Should I have to repay loan amount just after 4 years if going to complete B.Tech in 5 years?

No, you do not have to start repaying the loan after 4 years if you complete your B.Tech course in 5 years. Even in 4 years B.Tech course, bank gives additional grace period of 1 year if you do not get a job after which you need to start repaying the loan. So, you can start repaying the loan after 5 years.
Do you have any question? or have anything to say?



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