Legal Question in Banking Law in India
Is it risky to take loan from SBI for studying a course? How do i repay it?
Asked on 10/16/13, 10:49 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
17.10.2013
Dear Sir / Madam,
NO, it is not risky to take an education loan from SBI. But you should check with four to five banks granting educational loans, and take the loan from that bank which has the lowest interest rate and best repayment terms. The loan is repaid from your salary after you take up a job on completion of your studies.
Regards,
Answered on 10/17/13, 8:14 am
Related Questions & Answers
-
Whether agriculture land can be mortgaged in nationalized bank in orissa state? Asked 10/16/13, 7:50 am in India Banking Law
-
If any loan account is sub-standard in cibil for 6 months and later becomes standard... Asked 10/15/13, 9:49 am in India Banking Law
-
How to decalre a person untraceable? How to say a company is not in existence? Asked 10/15/13, 5:07 am in India Banking Law
-
Property bought by my grandpa,my father inherited it from him, my father is said to... Asked 10/12/13, 9:24 am in India Banking Law
-
Is insufficient fund and effects not clear both are same ?In case of funds under... Asked 10/11/13, 1:26 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
