Education and Career Forum

I want to know that is there any concession in Education Loan policy for girls in Andhra Bank? I am a girl and I want to take an Education Loan from Andhra Bank for my MBA course. Please tell me I can get concession in interest rates from this Bank?

Rate of interest for Education loans in Andhra Bank:

1. Upto 7.5 lakhs: MCLR (one year)+2%.

2. Above 7.5 lakhs: MCLR (one year) +1.55%.

There is 0.5% relaxation in interest rate for female candidates. So, being a girl, you will get relaxation of 0.5% in overall interest rate charged on education loan.

If you want any more details about education loan of Andhra Bank Go to this page .

Yes, being a girl candidate, you can get 0.50% concession on Interest rate of Andhra Bank Education loan. To be eligible to get an Education loan, you should have secured admission in a recognised college/ university for pursuing your higher studies.

You need to submit all the proper documents like your academic certificates photocopies, address proof, identity proof, income proof, passport size photographs, application form, etc., to bank for processing your education loan. After submitting all the documents asked by bank, it will take around 10-15 working days for sanction of your education loan.

Yes, there is concession of 0.50% for girl candidates on Interest rates of Education loan offered by Andhra Bank. You should have secured admission in a recognised institute to be eligible to apply for an education loan and need to submit all the proper documentation mentioned in the application form for processing of education loan. Since, you are a girl candidate, you can get 0.50% concession on interest rate of Andhra bank education loan.