Economics · Banking Products
When processing an Educational Loan for a student who is not part of the EWS category, the interest charged during the moratorium period is typically:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Charged as simple interest and paid by the student monthly.
- 2Compounded and added to the principal outstanding.✓
- 3Paid by the Government of India.
- 4Waived completely by the bank.
Correct answer
Compounded and added to the principal outstanding.
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