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Prakash   27 January 2020

Education Loan

Is there any higher limit for the interest on Education Loans...? 17% interest can be challenged or not...??


 1 Replies

Real Soul.... (LEGAL)     27 January 2020

I don't think there is any  specific intrest scheme for charging of interest on education loans; differant banks charge differant rate of interest . If the re-payment of laon is agreed at a rate of interest then that is  difficult to challenge .However if the rate has been charged for  being defaulter or as punsishment then certainly can challnege under due circumstances


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