kumar gaurav
11 years 7 months ago
Hon'ble Prime Minister,
I want to draw your attention toward rate of interest imposed by banks on education loan.
Right now the rate of interest on education loan is 13.75%(apprx.) it means if any student takes loan of 4 lacs then he will have to pay approx 5.25 lacs to bank when he gets the job.The average salary being paid by company is 15-23 thousand/month from which he has to pay 10-12K per month till 5 years.In this scenario how one can survive with such debt.please take initiative.
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