Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

I had borrowed a loan from Punjab National Bank in the year 2006 amounted 1450000 Rs. for masters degree in Sydney Australia. I want to know what would be the annual interest rate for this and monthly instalments. Along with this i wanted to know that what would be the maximum time period to repay it.

13 Oct '09 05:49 am
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (5)

1.

PNB's Education Loan Scheme is designed to provide better educational opportunities to bright and needy students and brings within their reach all types of education (general,professional,technical and vocational courses).

The scheme enables all types of needy students (viz.students of plus 2 stage,graduation courses, post graduation courses, Masters & Ph.Ds, professional, technical , engineering, medical, veternary, law, dental, management, computer, vocational courses, courses like ICWA,CA,CFA, courses conducted by IIM,IIT,IISc,NIFT, courses offered in India by reputed foreign universities and all other types of courses offered by Govt./Semi-Govt/private institutions in order to meet the costs for their studies in India and abroad. Such courses would include regular, part time and correspondence courses. The costs include admission fees, books & stationery, instruments required for the course, monthly fees, examination fees,insurance premium for policy on life of the borrowing stu ...more
Answered by Jack Johnson, 13 Oct '09 09:11 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
2.

I recently bought student travel insurance fr my brother and its seems good.
Source: http://www.reliancegeneral.co.in/insurance/student-travel-insurance/features.aspx
Answered by ovee araya, 21 Dec '12 03:25 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
3.

14 percent flat
Answered by Vaniga Chin, 13 Oct '09 07:11 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
4.

Without knowing the details you can't get such huge amount of loan.Please share with us the conditions.
Answered by anantharaman, 13 Oct '09 06:59 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
5.

When you had taken a load from PNB they would have given you a schedule of repayments, i.e. how much to pay every month and the rate of interest. all the informationyou want is there in the loan agreement. please read the agreement carfully.
Answered by iqbal seth, 13 Oct '09 05:57 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining