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


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.


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Answered on 10/17/13, 8:14 am

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