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  #1  
2nd March 2017, 11:49 AM
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Interest rate index and tenure of Indian Overseas Bank for an education loan?


Hello sir, I want to apply for an education loan to study MS course at Indian Overseas Bank. Please tell me what is the interest rate index and tenure for it?




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  #2  
12th March 2017, 08:48 PM
ajayrocks007
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Join Date: Mar 2012
Location: New Delhi
Posts: 20,581
Default Re: Interest rate index and tenure of Indian Overseas Bank for an education loan?

The interest rates for education loan at Indian Overseas Bank is as follows:

1. Up to Rs. 4 Lacs: 12.25%

2. Above Rs. 4 lacs to Rs.7.50 lacs: 13.50%

3. Above Rs.7.50 lacs: 13.25%

4. Vocational Courses: 12.25%

The maximun period for repayment of education loan in the form of EMI is 5 to 7 years.
Do you have any question? or have anything to say?



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