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#1
10th September 2019, 10:03 PM
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How much interest charges during moratorium period of State Bank of India Education Loan for BTech course?
I am trying to apply for an education loan in State Bank of India for my BTech course. I want to know that in order to apply for an education loan what interest charges during the moratorium period? Kindly tell me immediately. Waiting for your response!
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#2
5th October 2022, 12:38 PM
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Re: How much interest charges during moratorium period of State Bank of India Education Loan for BTech course?
The accrued interest during the moratorium period and course period is added to the principal and repayment is fixed in Equated Monthly Installment .
If full interest is serviced before the commencement of repayment . EMI is fixed on principle amount only . There are no penalty charges on prepayment. Therefore the earlier student starts the repayment , the lower will be the interest paid on the loan. |
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