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Understand the meaning of this statement for education loan


26-Nov-2023 (In Recovery Law)
“Repayment will be done in 180 equated monthly installment after a moratorium period of 12 months or 6 months after getting job whichever is earlier and course period of 60 months.Simple interest would be charged during study period and moratorium period till commencement of repayment. Guardian/Father will service the interest as and when charged during moratorium period and pay interest accrued along with principal after completion of course as EMI.”
Answers (1)

Answer #1
755 votes
What is your question basically? You haven't asked any legal query. You have just given info about your Education Loan Repayment Structure. Kindly solicit legal advice or ask legal queries, so that, Legal Advice can be rendered to you.
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