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  #1  
10th September 2015, 12:27 PM
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HDFC and Axis Banks current Interest rates against Education Loan?


Hello Sir,
Can you please let me know what are the current interest rates on education loans from both HDFC bank and Axis bank? Please let me know as soon as possible.




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  #2  
29th November 2015, 10:52 PM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: HDFC and Axis Banks current Interest rates against Education Loan?

The interest rate on education loan is decided by the Reserve Bank of India. Hence it is same for all the government undertaking banks. Both HDFC and Axis bank have the same rate of interest. The rate of interest fluctuates from time to time as per orders from Reserve Bank of India. The interest rate fluctuates in the range 13-14.5 percent. The interest is computed as simple interest for the entire study period.
Do you have any question? or have anything to say?



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