Education and Career Forum

Hello,
Can you please let me know what are
the current interest rates on education loans
from both HDFC Bank and Axis Bank
for MBA course in India?

The current interest rate on education loan for both HDFC and Axis Bank is 13.45 percentage. However, it fluctuates from time to time as per market conditions on order by Reserve Bank of India. The interest rate is same for both these banks and it is computed as simple interest for the entire study period.

Originally Posted by Unregistered

Hello,
Can you please let me know what are
the current interest rates on education loans
from both HDFC Bank and Axis Bank
for MBA course in India?

Yes, the Interest rate of HDFC and AXIS Bank are approximately same. In HDFC the saving account opens at rs 10,000/- and in AXIS Bank at the Same rate only. But the Education loan interest rat in Axis Bank is 8.53% but in HDFC it is somewhat about 8.57%. Also you can get an Education loan up-to 20 Lac from both the Banks.

Following are education loan interest charges at Axis bank.
Upto Rs. 4 lacs - 16.95
Loans greater than Rs. 4 lacs and upto Rs. 7.5 lacs - 17.95
Loans greater than 7.5 lacs - 15.95

HDFC bank offers education loan through Credila and the education loan interest rates vary from one one student to another student depending upon the required documents, the student have and he is going to submit. So, you should contact Credila to know education loan application procedure and interest rates.