#1  
12th October 2018, 11:50 AM
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Interest rates against an Education Loan in Oriental Bank of Commerce to study MBA in Abroad?


Hello Sir, I am interested to study MBA course in Abroad. I want to apply for an education loan for this course. I have an account in Oriental Bank of Commerce. So, I want to know that what interest rates charges are there for this MBA course in Abroad if I apply an education loan from Oriental Bank of Commerce?




  #2  
19th October 2018, 10:31 PM
ajayrocks007
Senior Member+++++
 
Join Date: Mar 2012
Location: New Delhi
Posts: 20,580
Default Re: Interest rates against an Education Loan in Oriental Bank of Commerce to study MBA in Abroad?

Oriental bank of commerce offers education loan at following rates.

- For loans upto 4 lacs = Base rate + 2%
- For loans between 4 lacs to 7.5 lacs = Base rate + 3%
- For loans above 7.5 lacs = Base rate + 1.75%

RBI decides the base rate, which keeps updating every quarter. Hence, it is not fixed.
  #3  
19th October 2018, 10:32 PM
ajayrocks007
Senior Member+++++
 
Join Date: Mar 2012
Location: New Delhi
Posts: 20,580
Default Re: Interest rates against an Education Loan in Oriental Bank of Commerce to study MBA in Abroad?

Oriental bank of commerce offers education loan at following rates.

- For loans up to 4 lacs = Base rate + 2%
- For loans between 4 lacs to 7.5 lacs = Base rate + 3%
- For loans above 7.5 lacs = Base rate + 1.75%

RBI decides the base rate, which keeps updating every quarter. Hence, it is not fixed.
Do you have any question? or have anything to say?





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