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When do I start repaying the JN Tata Endowment loan scholarship and in how many instalments?

30 Sept 2026 · Answered by Muskan Vashishtha · 1 min read
Quick Answer verified

Repayment of the JN Tata Endowment loan scholarship usually begins from the end of the third year after disbursement, or earlier if you are already earning, not immediately after graduation. You repay in five equal instalments up to the seventh year, under a 7-year agreement with your guarantor.

Muskan Vashishtha
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Repayment usually starts from the end of the third year after disbursement, or earlier if you are already earning, and not right after you graduate. You repay in five equal instalments spread between the third and seventh year after the amount is disbursed.

Repayment schedule

TermDetails
When repayment startsUsually from the end of the third year after disbursement, or earlier if you are already earning
Number of instalmentsFive equal instalments
Repayment windowBetween the third and seventh year after disbursement
Agreement period7 years, signed by the scholar and guarantor
Interest2% simple interest per year

Good to know

  • You can repay earlier if you wish, and there is no penalty for doing so.
  • A guarantor, usually a parent or guardian, is required before the loan scholarship is formally awarded.

My Advice

Mark the third year after disbursement in your financial plan so the first instalment does not surprise you. Since the instalments are equal, you can estimate your yearly repayment early and set money aside from your first jobs. Repaying early is allowed, so consider it if your income allows.

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