Education and Career Forum

Hello everyone, I want to get an Education Loan of Rs. 10 Lacs for my MBA programme. I am interested to apply an education loan from Central Bank of India. Can I know that what interest rates they charge for this loan amount?

Interest rates against an Education loan of Rs. 10 Lakhs in Central Bank of India are as follows:-
Male students – Base rate + 2.00%
Female, SC, ST & students admitted to IIM/IIT – Base rate + 1.50%

Originally Posted by Unregistered

Hello everyone, I want to get an Education Loan of Rs. 10 Lacs for my MBA programme. I am interested to apply an education loan from Central Bank of India. Can I know that what interest rates they charge for this loan amount?

Interest rates against an education loan of Rs 10 Lacs in Central Bank of India to study MBA are given below:

MCLR - 8.60% + 2.00% = 10.60% for male candidates

MCLR – 8.60% + 1.50% = 10.10% for female, SC, ST, IIT students

Students can find the details in the website link given Click Here

Central bank of India offers following interest rates for education loan:

- For loans up to 7.5 lacs = Base rate + 2%

- For loans above 7.5 lacs = Base rate + 1.50%

Interest rates against an education loan of Rs. 10 lakhs I'm Central Bank of India for pursuing MBA course are mentioned below :-

--> Male Candidates :- MCLR + 2.00% per annum
--> Female, SC, ST, IIT candidates :- MCLR + 1.50% per annum.