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Tag Archives: study loan

Schemes to make education loan as easy loans

All Scheduled Commercial Banks provide Education Loan to students. Simple interest is charged during the study period and up to commencement of repayment. Accrued interest is added to the principal amount borrowed while fixing EMI (Equated Monthly Instalment) for repayment. The Schemes launched by the Government to provide interest subsidy to the students include: (i) Central Scheme to provide Interest ...

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