Int on Bank Loan on completion of education or disbursal of Loan?

Share
Share This Thread
  1. Hi friends,

    Does anybody has idea relating to interest on education loan.
    I want to know from when banks will start to calculate interest on education loan?
    I mean from starting date (When amount was withdrawn first) or from the date when education is completed or from the date when disbursement of loan starts?
    Thanks in advance.
     
  2. It completely depends on Type of education loan and bank.

    most of the banks, interest on the outstanding basis.

    in the case of CA education loan, interest will charge after qualifying course only
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Which bank/NBFCS in Chennai pays less interest on a business loan? Misc. Mar 30, 2018
bank loan against land Misc. Sep 20, 2014
Bankcruptcy Misc. May 17, 2018
Udyog Aadhar Registration Enough for Bank Account ? Misc. Apr 4, 2018
BANK GUARANTEE / STANDBY LETTER OF CREDIT Misc. Oct 7, 2017