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please tell me is it necessary to pay interest every month after disbursement of loan.?
like for example i have taken a loan of 6.5 lakh and i will pay fees of my second semester in november from the loan amount and that would be around 2.8 lakh.
bank told me that i have to pay the interest amt every month.
please tell me is it necessary to pay interest every month after disbursement of loan.?
like for example i have taken a loan of 6.5 lakh and i will pay fees of my second semester in november from the loan amount and that would be around 2.8 lakh.
bank told me that i have to pay the interest amt every month.
you urself said ''bank told me that i have to pay the interest amt every month'' so buddy if they are saying you gotta pay then you gotta pay it. As far as how much is concerned ''why don't you ask them''? they'll calculate and tell you.
But just for your idea if its simple interest it'll be around 1000-1500 rupees pm or maybe even less.
you urself said ''bank told me that i have to pay the interest amt every month'' so buddy if they are saying you gotta pay then you gotta pay it. As far as how much is concerned ''why don't you ask them''? they'll calculate and tell you.
But just for your idea if its simple interest it'll be around 1000-1500 rupees pm or maybe even less.
i am just asking becoz i want to clarify this thing that is it important for everybody to pay interest who has taken education loan or the bank is just putting condition infront of me only.
for student visa there are columns on the application form abt SPOUSE OR COMMON LAW PARTNER.........so wat we do with dat ? if no one is going to accompany us then i have to not do any thing with those columns or i write sumthing ? actually i made them empty coz no one is going to accompany me and im a single
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