Education and Career Forum

Hello Sir, I am interested to study MBA course in Abroad. I want to apply for an education loan for this course. I have an account in Bank of Maharashtra. So, I want to know that what interest rates charges are there for this MBA course in Abroad if I apply an education loan from Bank of Maharashtra?

For loans up to Rs.4 lakh, interest Rate +2.50%

For loans above 4 lakh and up to 7.5 lakh, interest rate +2.0%

For loan above Rs.7.5 lakh, interest Rate +1.25%

Applicable interest rates for Education Loan from Bank of Maharashtra to study MBA Abroad is 25%.

The repayment period is 7 to 15 years depending upon amount of loan.

Maximum Loan Limit offered ranges from 20Lacs to 1.5 crores.

Applicable interest rates for Education Loan from Bank of Maharashtra to study MBA Abroad are:-

For loans up to Rs.4 lakh.
Base Rate + 2.50%.
MCLR+ 2.50%.

For loans above 4 lakh and up to Rs.7.5 lakh.
Base Rate + 2.00% + 2.00%.

For loans above Rs.7.5 lakh.
Base Rate + 1.25%+ 1.25%.

The maximum amount of Bank of Maharashtra education loan that a student can avail for studying in India is Rs. 10 lakh.

The maximum amount of Bank of Maharashtra education loan that a student can avail for studying in India is Rs. 10 lakh. For studying abroad, the maximum amount of available loan is Rs. 20 lakh.

Interest rates:-

For loans up to:- Rs.4 lakh (Base Rate + 2.50% MCLR+ 2.50%).
For loan above:- Rs.7.5 lakh (Base Rate + 1.25% MCLR+ 1.25%).