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i am completed DET on 2008 i got educational loan from indian bank let me know intrest off is there
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i am taken jewel loan when i pay that jwel loan .the manager hold my jewels due to nonpayment of my Educational loan intrest please guide me
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In
Education Loans
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Asked by mathi -
1 year ago
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Best Answer:
First thing the interest subsidy scheme is effective from the academic year 2009-10. As you completed DET in 2008 this means you took loan before 2008 so you are not eligible for interest subsidy scheme. If you took loan above Rs 4 lakh then banks take collateral security. During the loan sanction if it did not ask for collateral security if your jewels were with bank it means your jewels are the collateral securtiy against your education loan.You should have taken clarification on this at the time of sanctioning of loan. To know more about educational loans visit rupeetimes.com.
1 year ago - By Mitu
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