Bank of Bombay Archives | BankBazaar - The Definitive Word on Personal Finance

Tenor of education loans is likely to be extended to 15 years

A recent press report said that the tenure of education loans is expected to be increased to 15 years. At present the repayment period for the same has been set at 5 to 7 years. Reports said that the pressure of installments is going to be lightened with the repayment period getting extended. The extension… Read More »

State Bank of India

Do you know in those days the loans were restricted to Rs. 1 L only and the loan tenure was a mere 3 months only?! Also, these were security loans. Another trivia to note is that in this period lending against shares of the banks or on the mortgage of houses, land or other real… Read More »