What is npb repayment fro?

Government Education Loan Subsidies generally feature interest reimbursement benefits only. There would be tag/marker on the degree of the student indicating his repayment liabilities. If full interest is serviced before the commencement of repayment; EMI is fixed based on principle amount only. Government of India, Ministry of Human Resources Development, Department of Higher Education, New. There are several ways to repay loan instalments.

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According to the data compiled by Indian Banks Association, bad loans or non performing assets under the educational loan portfolio rose to 8.97% in 2018 from 7.29% in 2016. Most borrowers are unable to repay the loan on time either due to shortage of time or because of the lack of awareness. The State Bank of India has various previsions that can help bring down the repayment cost and allow you to repay the loan on time.

According to the details available on the SBI website, loan repayment starts after the completion of course and moratorium period (one year after course completion or six months after securing a job, whichever is earlier). This applies to SBI student loans. It says that the repayment starts after completion of course period and moratorium period (six months after course completion) in case of SBI scholar loans.

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The borrowers are allowed to repay the interest amount during this moratorium period. The lender provides a concession of 1 per cent in the rate of interest applicable on the education loan if the borrower manages to service the entire amount during the period. As a result, the interest applied to the loan amount in this period is not added to the EMIs.