Hello Respected authority, can you please tell me about Bank guarantee in private college state quota? & after bank guarantee giving to college will we have to pay money college per annum or from the bank college will deduct money? please please give me answer ππΌππΌ
Answer (1)
8th Feb, 2022
Hello Aspirant,
See if you are taking an education loan from any bank then you will not have to pay any fee to the college, bank will pay all the fee or whatever the amount would be sanctioned by the bank for your education loan.
What happens is whenever college has to take fee they will provide you a fee request letter and you have to submit that letter and a request letter written by you to the bank responsible for your education loan and then they will disburse the amount in the account of college.
Re-payment of that college loan is to be done by the candidate himself/herself after 1-1.5 years of completion of degree program.
I hope this information helps you.
Good Luck!!
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