Ministry Of Finance Govt. Of India — education loan | |||
I mr. Ramaiah senior citizen of india request that : Got education loan from union bank of india, chennai. Interest is being charged @12.5% from the date of sanction of loan. The same bank now is charging 8.7% for car loan and 8.3% for house loan. Subsidy is not being given for the loan. Moratorium period for charging simple interest is study period and 6 months after study period. My son completed his course from june 2017. The bank is charging the compound interest from june onwards. I humbly request you to accord subsidy for the study period interest and advise the bank to charge simple interest for another 6 months. Was this information helpful? | |||
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