INDIAN OVERSEAS BANK
Regarding Education Loan Interest

Sir,

My Brother got Education loan from the IOB Serndamaram during the period 2007 - 2010.He also paid the interest for that period. In budget 10 our finance minister said about a interest waiver scheme for the moratorium period of the education loan (i.e 12 month after completion the course or 6 month after getting the job which ever is earlier). Under this scheme he said that the the student from weaker section (i.e whose family income is below 4 lakh per annum) can avail this facility. Sir we fall in this weaker section our family income is very low. We have approched the bank to get the detail of weiver policy but they said that they have not received any circular from Govt of India regarding this.

Pls help me.

Regards,

J Stephen

Company: INDIAN OVERSEAS BANK
Country: India
State: Tamil Nadu
City: Tirunelveli

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