#1  
27th June 2018, 08:54 PM
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Interest rates against an Education Loan of Rs. 10 Lacs in HDFC Bank?


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




  #2  
5th July 2018, 04:52 PM
Careerexpert
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Join Date: Dec 2013
Posts: 9,885
Default Re: Interest rates against an Education Loan of Rs. 10 Lacs in HDFC Bank?

Quote:
Originally Posted by Unregistered View Post
I want to get an Education Loan of Rs. 10 Lacs for my MBA programme. I am interested to apply an education loan from HDFC Bank. Can I know that what interest rates they charge for this loan amount?

Interest rates against an education loan of Rs 10 Lakhs in HDFC Bank are given below:

Rates offered during the period of Jan 2018 to March 2018:
Minimum IRR 9.00%
Maximum IRR 13.83%
Average IRR 12.09%

Annual Percentage Rate offered to customer during the period of Jan 2018 to Mar 2018:
Minimum APR 9.00%
Maximum APR 16.88%
Average APR 12.12%

Students have to contact the HDFC Bank branch for more exact details about the interest rates. HDFC Bank website link is given Click Here




  #3  
6th July 2018, 09:29 PM
ajayrocks007
Senior Member+++++
 
Join Date: Mar 2012
Location: New Delhi
Posts: 16,227
Default Re: Interest rates against an Education Loan of Rs. 10 Lacs in HDFC Bank?

The interest rate for HDFC education loan varies according to the RBI base lending rate, which is normally in the range of 12% to 16%.

Hence, you need to pay interest rate of above 12% minimum on your education loan.




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