education loan
6 years ago
1.Repayment of Ed.Loan is in EMI, thus we pay interest for capital paid back also. Willing to pay interest for outstanding amount, but not in EMI.Can I enforce pay back in terms of interest on outstanding amount and all extra payment to be debited to capital, like any ordinary loan. EMI is employed by loan sharks and Banks doing it is I feel illegal. Pl. advise.
Deepak Yashwantrao Bade
Responded 5 years ago
A.dear client in your case Please share across the agreement for a professional advice.
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Johnson Thangiah
Responded 6 years ago
A.Sir,
Educational loan to be paid with in period of 15 years.
Educational loan to be paid with in period of 15 years.
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Ambrose Leo
Responded 6 years ago
A.You have not reported the Ed.loan from nationalised or pvt banks? What are the terms & conditions agreed by you?. The Banks are expected to collect EMI for Principle & Interest after repayment of the loan.
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