#1  
20th February 2015, 07:47 PM
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How much interest I have to pay on Education Loan to study MBA in Abroad? Detailed information about mode of repayment?


after my btech engineering i want
to study MBA in foreign country
so i want to do MBA with the
help of education loan
but i want to know that how interest
i have to pay and what is the mode of repayment?




  #2  
11th November 2017, 11:45 AM
Saikiranreddy47475
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Join Date: Jul 2013
Posts: 12,656
Default Re: How much interest I have to pay on Education Loan to study MBA in Abroad? Detailed information about mode of repayment?

The interest rate for an education loan amount of more than Rs. 7.5 lakhs for pursuing MBA course in Abroad will be around 10.85% per annum. The maximum amount of education loan offered by bank for studies in Abroad is Rs. 20 lakhs. The repayment period for education loans greater than Rs. 7.5 lakhs is maximum 15 years. For repaying the education loan, the bank manager will take your account details and the amount will be automatically deducted every month once, the repayment period starts for your education loan.




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