#1
3rd March 2018, 01:54 PM
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Interest rate scheme and recovery process of Bank Education Loan for MDS aspirant?
Sir, I want to do MDS course with education loan. I would like to know what is the interest rates scheme for this course in Bank? I don’t want to prefer Financial Institutes so I need to know the interest rates of Bank for MDS course. I also want to know how will they recover the amount given in education loan?
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#2
24th September 2022, 12:41 PM
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Re: Interest rate scheme and recovery process of Bank Education Loan for MDS aspirant?
Some of the interest rates charged by bank
Axis Bank 13.70% to 15.20% Kotak Mahindra Bank Upto 16% p.a State Bank of India Upto 10.65% IDBI Bank Upto 10.00% Bank of India 9.40% to 10.20% Repayment of loan RBI rules include paying back the loan in form of EMI as soon as the moratorium period gets over EMI of person should not exceed 50% of ones salary The repayment period ranges from 8 to 15 years soon after the grace period. |
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