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I HAVE COMPLETED MBA IN MARCH 2010 HOW INTEREST ON EDUCATION LOAN WAVIE FROM BANK OF MAHARASHTRA
In Education Loans  -  Asked by Rajendra -  1 year ago

Best Answer:
The interest subsidy scheme is effective from the academic year 2009-10. You have not mentioned in which year you took loan as you have completed your MBA in March 2010 it means the you took loan two-three years before. Then the chance of getting interest subsidy on loan are nil. To know more about education loans visit rupeetimes.com.
1 year ago - By Mitu

Other Answers (2)
show:
Answer 1.
If you default in loan repayment then your bank will put your name in defaulter list and once the name is in defaulter list and displayed on cibil website it is difficult to get it removed.
1 year ago - By Ronak
Answer 2.
As you are not eligible for interest subsidy on your education loan you must start repaying loan EMI as instructed by bank during sanctioning of loan amount.
1 year ago - By Manvi
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