V
venu g
Guest
Hello Friends,
I want to take educational loan. Every bank is mentioning some 5 % to 15% of Margin. I understood this in the sense that if we apply for 1 Lakh loan they will give me 85,000 only because of 15% margin. Now my Great Concern here is that, should we pay that 15,000 also even if we receive only 85,000 from the Bank?
Thanks in advance,
Venu.
I want to take educational loan. Every bank is mentioning some 5 % to 15% of Margin. I understood this in the sense that if we apply for 1 Lakh loan they will give me 85,000 only because of 15% margin. Now my Great Concern here is that, should we pay that 15,000 also even if we receive only 85,000 from the Bank?
Thanks in advance,
Venu.