Hi,
I'm Vedanayagan. I have taken Education Loan of Rs.1, 00, 000 to complete My engineering. I finished Engg on May. From 2009 Feb I'm working in a MNC company. I planned to repay my loan in this year itself so that i have started repaying money from June.
1. Im getting Rs.22, 000 per month and Im paying Rs.18, 000 against my loan. Some of the Officers from the bank said, You shold not suppose to pay this much amount per month and should not complete in a year. Is it so?
2. I asked them to provide principal and interest brak up for my tax excemption. But they gave transaction list. But that was not accepted in my company. I asked them again, But they roughly said that that is the only slip that they can give. How do I get the Provisional Certificate (Break Up). Total interest is more than Rs.40, 000. Till now they haven't given that. So I have to pay the tax for these amount.
Pls guide me...
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