Monthly EMI: 0
Principal Amount: 0
Interest Payable: 0
The fees and charges of education loans usually vary from lender to lender and from case to case. The following table will give you a fair idea of the fees and charges related to education loans:
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 0.5% to 2% of Loan Amount |
| Loan Cancellation | 0 |
| Stamp Duty Charges | As per actuals |
| Legal Fees | As per actuals |
| Penal Charges | Usually @ 2% per month; 24% p.a. |
| EMI / Cheque Bounce Charges | Around Rs 590 per bounce |
Other fees and charges that lenders may levy on your education loan include documentation charges, verification charges, duplicate statement charges, NOC certificate charges and swap.