Calculation of Education loan after getting subsidy

POSTED BY nilmadhab ON May 9, 2014 6:02 pm ONE COMMENT

Sir,

I have SBI loan

Name Mr. NILAMADHAB PATTNAIK
Description T L Educational LoanPER
Limit 3,80,000.00
Drawing Power 4,28,572.00
Outstanding Amount 4,51,217.00

My edu loan outstanding on april 30,2014 arond 5,10000/-.I got subsidy of around 85,000/- but my outstanding amount is 4,51,217.00 instead of 4,25000/- aprox. Could you help me in this regard?

Should i pay drawing power or outstanding amount,if i dont pay emi.(possibly ggod emi one year latter).

One reply on this article “Calculation of Education loan after getting subsidy”

  1. ashalanshu says:

    Dear Nilamadhab, you need to pay out standing loan amount to close the loan.

    Thanks

    Ashal

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