31st December 2014, 04:12 PM
Posts: n/a

Which is a favourable bank for Education Loan to study MBA?

My son want to study MBA...
But I can't afford huge fees
I have seen alot of education loans
related ads but really don't know which
bank education loan is helpful
kindly suggest me sir

Shiv Sharma

5th January 2015, 08:46 PM
Senior Member
Join Date: Dec 2014
Posts: 306
Default Re: Which is a favourable bank for Education Loan to study MBA?

I think SBI bank is most favorable bank for taking Education Loans. If you want to take loan upto amount 7.5 lakh then you need to pay interest rate of 13.75% per annum on the loan amount. Otherwise if you want to take loan more than 7.5 lakh per annum then you need to pay interest of 11.75% per annum.

There are many other banks which are providing Education Loans to students like HDFC, PNB, UCO and many more. But there interest rates are more. Some banks have interest rate of more than 15%. So I think its best to choose SBI for taking education loans.
Do you have any question? or have anything to say?

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