1. #1
    Unregistered

    What is the maximum time limit for paying the educational loan and with what conditions?

    If a person has taken an educational loan then to what time extension he is not liable to pay the loan amount if he fails to get a campus placement after completion of course? And if a person lost his job and his loan is still to pay then will the financial institution from which the loan has been taken extend until he gets a new one?

  2. #2
    sweetyilu Array
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    Nov 2012
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    Re: What is the maximum time limit for paying the educational loan and with what conditions?

    hello friends..


    there is no maximum time limit for the for paying the educational loan

    but you should pay the loan after getting the job otherwise those are directly contact to particular company and trasfer the money to the bank..


    so pay the money after getting the job..


    regards,

    venki

  3. #3
    mahhiads Array
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    Re: What is the maximum time limit for paying the educational loan and with what conditions?

    Hello Friend,

    When You Take Education Loan Than Every Year You Pay The Interest Money to Bank For Your Loan Amount, And When You Complete Your Study Than You Have Got 1 Year For Job Searching After That Bank Want His Loan With Interest Money....

    For More Details Go To Website Which You Have Take The Loan And Click On The Education Loan..... Than You Got Mostly All Info And For More Go To Bank And Ask All Questions......

    All The Best

  4. #4
    mayankdevills Array
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    Re: What is the maximum time limit for paying the educational loan and with what conditions?

    Hello sir

    The limit of paying education loan is mention on the issuing letter.Normally you have to pay the loan after the 6 month of your course completion like if you have completed your course in june then you will be liable to pay the amount in jan .

    The maximum limits is different for each bank and according to thew norms of babks so it is better to ask them..





  5. #5
    yogesh Array
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    Re: What is the maximum time limit for paying the educational loan and with what conditions?

    hello friendthere is different rule and timing for pay the education loan in different banks.when you apply for education loan then a paper has all information Related loans facility as-total years to pay loan after completing the course.-total installments-interest rate etc.you are free till the course timing after completion the course you become liable to pay installment of loan.if you become unable to pay loan within time then bank take extra charge for it.so all documents should be read carefully at taking any loan,policy, bond.thanks

  6. #6
    Ashok Array
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    Re: What is the maximum time limit for paying the educational loan and with what conditions?

    Quote Originally Posted by Unregistered View Post
    If a person has taken an educational loan then to what time extension he is not liable to pay the loan amount if he fails to get a campus placement after completion of course? And if a person lost his job and his loan is still to pay then will the financial institution from which the loan has been taken extend until he gets a new one?
    Dear Aspirant,

    The govt. is emphasing on the education for the individuals of the country.In order to meet the expenses for education,all most all the banks are giving the educational loan to the meritorious/deserving candidates.

    The loan amount for education in India is maximum Rs10.0 lacs & for abroad it is Rs20.0 lacs.

    There is no security for up to Rs 4.0 lacs loan.

    The repaying starts after the course period +one year or 6 months after getting job whichever is earlier.

    It has to be returned in 5-7 years.

    The above conditions may vary from bank to bank.

    Thanks & good luck.

    Ashok


  7. #7
    avikiit Array
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    Re: What is the maximum time limit for paying the educational loan and with what conditions?

    There is no such specific limit in for paying the bank.. But its better to give the money to bank, as soon as you get the job...

    Otherwise it will affect to your professional carrier..

    Thank u...!!!!

  8. #8
    sampath Array
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    Re: What is the maximum time limit for paying the educational loan and with what conditions?

    hello sir,
    the limit is 5r 6 years .the payment can be made after one year of your job or before as your wish.if ur father is a government employee with less than 4.5lac per annum you could submit certain copies for getting ero percent intrest.

    all d best

  9. #9
    saikrishna polavarapu Array
    Join Date
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    Re: What is the maximum time limit for paying the educational loan and with what conditions?

    Hello friend,
    If you have took education loan for your study.Then you should start paying your loan after 1 year of course completion or else after 6 months of joining your job.
    You are given 4-5 years of period to repay the whole loan the time period may change from bank to bank.The payment is of both(INTEREST +PRINCIPAL) there is no need of any security for loan amount between 2-5 lakh and if the loan amount exceeds this amount you have to guarantee any assets.The payment policy is decided by the bank.

  10. #10
    Boss Array
    Join Date
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    Re: What is the maximum time limit for paying the educational loan and with what conditions?

    When You Take Education Loan Than once a year You Pay The Interest cash to Bank For Your Loan quantity, And once you Complete Your Study Than you've got Got one Year For Job looking out at that time Bank need His Loan With Interest cash....
    For additional Details head to web site that you've got Take The Loan and click on On The Education Loan..... Than you bought largely All information And For additional head to Bank And raise All queries.
    The limit of paying education loan is mention on the supplying letter.Normally you've got to pay the loan when the half dozen month of your course completion like if you've got completed your course in Gregorian calendar month then you may be vulnerable to pay the quantity in January .
    the utmost limits is completely different for every bank and in step with thew norms of babks thus it's higher to raise them..
    there is completely different rule and temporal arrangement for pay the education loan in numerous banks.when you apply for education loan then a paper has all info connected loans facility as-total years to pay loan when finishing the course.-total installments-interest rate etc.you are free until the course temporal arrangement when completion the course you become vulnerable to pay installment of loan.if you become unable to pay loan at intervals time then bank take additional charge for it.so all documents ought to be browse fastidiously at taking any loan,policy,
    If you've got took education loan for your study.Then you ought to begin paying your loan when one year after all completion as an alternative when half dozen months of connection your job.
    you're given 4-5 years of amount to repay the total loan the period of time might amendment from bank to bank.The payment is of both(INTEREST +PRINCIPAL) there's no would like of any security for loan quantity between 2-5 large integer and if the loan quantity exceeds this quantity you've got to ensure any assets.The payment policy is determined by the bank.
    The govt. is emphasing on the education for the people of the country.In order to fulfill the expenses for education,all most all the banks square measure giving the tutorial loan to the meritorious/deserving candidates.
    The loan quantity for education in India is most Rs10.0 lacs & for abroad it's Rs20.0 lacs.
    there's no security for up to Rs four.0 lacs loan.
    The repaying starts when the course amount +one year or half dozen months when obtaining job whichever is earlier.
    it's to be came in 5-7 years.

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