#1  
10th October 2016, 05:51 PM
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How the interest rates calculated under Education Loan scheme of Union Bank of India?


My dream is to study B.Tech after my 12th and I am preparing for entrance exams. But I want to get an Education Loan for my B.Tech course. I want to know the interest rates of Union Bank of India. Can I know how the interest rates calculated in Education Loan of this Bank?





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  #2  
12th October 2016, 08:48 PM
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Default Re: How the interest rates calculated under Education Loan scheme of Union Bank of India?

The interest rates under Education loan scheme of Union Bank of India are mentioned below :-

For Male Candidates :-

=> Upto Rs. 4 lakhs :- (MCLR + 3.15) % = 12.55%
=> Above Rs. 4 lakhs & below Rs. 7.5 lakhs :- (MCLR + 2.90) % = 12.30%
=> Above Rs. 7.5 lakhs :- (MCLR + 2.90) % = 12.30%

For Female Candidates :-
=> Upto Rs. 4 lakhs :- (MCLR + 2.65) % = 12.05%
=> Above Rs. 4 lakhs & below Rs. 7.5 lakhs :- (MCLR + 2.40) % = 11.80%
=> Above Rs. 7.5 lakhs :- (MCLR + 1.65) % = 11.05%
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