I am studying B.Tech1st year.I want to get a loan for 3 lakhs.Am i have to pay interest for this amount or not?



Am i required to pay interest on which i had taken as loan?

8 Replies to “I am studying B.Tech1st year.I want to get a loan for 3 lakhs.Am i have to pay interest for this amount or not?”

  1. hi, yes you would surely need to pay interest on that loan since most of the educational loans come with some interest rates already decided. check with different banks and their terms and conditions to give you better understanding of those rates. in most of the cases, they start expecting the EMIs per the decided term which is most of the time when you get your job.


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