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  #1  
9th November 2016, 07:06 PM
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Which Bank offer lowest interest rates against an Education Loan to study MBBS in Bengaluru?


I live in Bengaluru and I want to apply Bank Education Loan for my MBBS course. Can I know which Bank has lowest interest rates? I want to do MBBS in Bengaluru only.




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  #2  
11th November 2016, 08:05 AM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Which Bank offer lowest interest rates against an Education Loan to study MBBS in Bengaluru?

Almost all banks have same rate of interest owing to the orders from Reserve Bank of India. The rate of interest is usually regulated by the Reserve Bank of India, hence most of the banks especially the public sector banks have similar rate of interest. However, State Bank of India offers the lowest rate of interest as it offers 1℅lesser rate of interest than the interest charged by other banks. But it has stricter terms and conditions of education loan as compared to other banks.
Do you have any question? or have anything to say?



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