#1  
17th August 2022, 10:07 PM
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Interest rates against Education Loan of both Central Bank of India and SBI are same?


Hello Sir, I want to know that the interest rates of Central Bank of India and of SBI are same for an education loan? I am confused in interest rates of both Banks. Please help me to know about this as soon as possible. Thank you!




  #2  
18th August 2022, 02:31 PM
Hera tabrez
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Join Date: Oct 2020
Location: Kanpur
Posts: 6,959
Default Re: Interest rates against Education Loan of both Central Bank of India and SBI are same?

Interest rates of Central Bank of India

For loan upto 7.50 lacs , 9.90%
For loans above 7.5 lacs , 9.30%
0.50% concession for female candidates

SBI has an average customer rating of 4.2 and Central Bank has 3.5 .
Thus its clear that SBI has high customer service focus.
The interest rate charged by SBI is 7.50%

Public sector banks offer cheapest education loan in the country.
  #3  
19th August 2022, 09:25 PM
ashishboudha
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Join Date: Aug 2019
Location: Delhi,India
Posts: 6,746
Default Re: Interest rates against Education Loan of both Central Bank of India and SBI are same?

Interest rates against Education Loan of both Central Bank of India and SBI are same?

Central Bank

Loan Tenure Up to 15 years
Loan Amount Up to 20 Lakhs
Interest Rate MCLR + 2.00%
Processing Fees Nil.

State Bank
Loan Tenure up to 15 years
Loan amount 20 Lakhs
Interest rate 9.08% per annum.
Do you have any question? or have anything to say?



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