|
#1
2nd March 2017, 10:49 AM
|
|||
|
|||
How to calculate EMI and interest rates for an education Loan at SBI? Can I fix EMI myself?
Hello sir, I want to apply for an education loan at SBI. Please tell me how to calculate EMI and interest rates for education Loan? Can I fix EMI myself?
|
|
#2
15th March 2017, 11:15 AM
|
|||
|
|||
Re: How to calculate EMI and interest rates for an education Loan at SBI? Can I fix EMI myself?
To study in India the student can avail the education loan from SBI. Up to 4 lac the interest rate is 3.50% above base rate above 4 lac and up to 7.5 lac the rate of interest above base rate is 3.75% and above 7.5 lac the rate of interest above the base rate is 1.75%. No, you cannot fix the EMI by yourself there is a calculation to repay the loans in EMI. The basic formula is that you need to repay the one third amount and remaining in the duration which will you select like 24 months, 36 months etc. Or you can simply calculate the repayment amount by adding the interest amount and divide it in the years of repayment which you have opt for.
|
Related Topics: |
||
| Thread | Replies | Last Post |
| What is the procedure to do MD in Gynecology and OBS from abroad? Scope of BAMS degree in abroad? | 0 | 20th September 2016 12:23 PM |
| What are the career options after B.Sc? Which subject has more demand among Botany, Zoology and Chemistry? Scope of marine science? How to get scholarship to study abroad? | 0 | 8th February 2016 07:11 PM |
| Scope of Chemistry Honours in India as well as in abroad? | 6 | 17th September 2015 01:58 PM |
| Future scope of Energy Auditor/Manager in Abroad? Is B.E. in Electrical valid for Abroad? | 1 | 23rd December 2014 04:58 PM |
|
|
Education and Career Forum
