Questions › Education loan and interests
Education loan and interests
TTharmakkannan.P on May 17, 2015
I want to know who is making laws for education loan. Did the law is defferent from bank and state...? I took education loan and payed interest amount during study period and i'm repaying with interest... But along with me my two friend have taken loan one male and onemore female 1) male: he took loan from idbi bank Amount - 3, 98, 000. He pay interest amount during study period (4 years) around 1 lack. He applied subsidy but less amount detected from his loan. Around 40, 000 rs. Now balance is 3, 40, 000. 2) female : she took education loan from sbi bank amount - 2, 50, 000. She didn't pay any interest amount during study period. Now she strat to repay now total amount s around 3, 40, 000. They didn't collect interest during study period but they calculated and added to principal amount.. Idbi bank from bangalore. Sbi bank from tamilnadu. I also taken loan from idbi bank from bangalore. This two people taken loan under same law and same central govertment. But defferent state and defferent bank. Rbi anounced 100% interest subsidy. I dont understand meaning of this... I told two incident in bath they are collecting interest anount. Then what is the use of anouncing 100%subsidy. This is making fool of people's. I want to know to whom i have to give complaint...? Please do something for me and my friends.