Comments
State Bank of Travancore (SBT) is offering a one-time special interest subsidy scheme to provide interest relief to students who have taken education loans prior to March 31, 2009.
To become eligible for interest relief, parental income should not exceed ₹4.5 lakh a year.
Interest relief is available to the extent of unpaid interest component outstanding on December 31, 2013.
No relief is available in respect of principal loan amount or interest debited during study period and moratorium period. Interest liability from January 1, 2014 is to be borne by the borrower only.
Borrowers fulfilling the eligibility criteria may contact the branches from where they have taken the education loan. The certificate and documents should be submitted before April 20.
Certificate format/list of designated authorities and FAQs are available on www.statebankoftravancore.com.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.