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  #1  
3rd June 2015, 06:29 PM
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How much amount I will get in Bank Education Loan to study MS in UK? Interest rates charges against Education Loan?


Hello,
I am preparing for GRE and I want to study MS in UK. I want to apply for an Education Loan from any Bank. Can you tell me upto how much amount all the Banks can give me as an Education Loan and what will be the interest rates?




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  #2  
13th June 2015, 03:43 AM
SudeepKumarSaha
Senior Member+++++
  
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: How much amount I will get in Bank Education Loan to study MS in UK? Interest rates charges against Education Loan?

It is nice to see that you are aspiring for higher studies. The banks will allow loan upto 20 lakhs for study in abroad as per the norms of RBI. Moreover, you need to keep some property like house, land, vehicle as mortgage to get this amount of education loan.

The interest rates fluctuates from time to time as per the orders of RBI. Usually it ranges between 13 and 14.5 percentage per annum and the interest is computed as simple interest.
Do you have any question? or have anything to say?



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