Education and Career Forum

Can I know the eligibility criteria of Education Loan policy of IndusInd Bank? I want to know the eligibility to apply and also tell me the interest rates charges under this policy.

The eligibility criteria of education loan is -
- you need to get admission in a well reputed institute .
- you should have a decent academic background.
- you should comply with the terms and conditions as laid down by the bank.
- you should complete all formalities as per instructions from the bank.

The rate of interest fluctuates from time to time. This is because it is regulated by the Reserve Bank of India. Usually the rate of interest fluctuates in the range of 12.5-14.5 percent and is computed as simple interest for the entire study period.