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  #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
Hera tabrez
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Join Date: Oct 2020
Location: Kanpur
Posts: 6,959
Default 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.
Do you have any question? or have anything to say?



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