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#1
26th September 2018, 12:38 AM
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Interest rates against an Education Loan of Rs. 12 Lacs in Jammu & Kashmir Bank to study MBA?
Hello everyone, I want to get an Education Loan of Rs. 12 Lacs for my MBA programme. I am interested to apply an education loan from Jammu & Kashmir Bank. Can I know that what interest rates they charge for this loan amount?
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#2
27th September 2018, 01:33 PM
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Re: Interest rates against an Education Loan of Rs. 12 Lacs in Jammu & Kashmir Bank to study MBA?
Quote:
Interest rates against an education loan of Rs 12 Lakhs in Jammu & Kashmir Bank to study MBA are given below: Education loan with tenure up to 5 years (fixed interest rate): For Rs 12 Lakhs - MCLR + 2.50% (8.85+2.50) = 11.35% Education loan with tenure exceeding 5 years (floating interest rate): For Rs 12 Lakhs – MCLR+2.25% (8.85+2.25) = 11.10% Students can contact the Jammu & Kashmir Bank branch for more details or can find the details in the bank website link given Click Here |
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#3
27th September 2018, 02:26 PM
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Re: Interest rates against an Education Loan of Rs. 12 Lacs in Jammu & Kashmir Bank to study MBA?
Details of interest rates against an education loan in Jammu and Kashmir Bank for pursuing MBA course are mentioned below :-
--> Upto Rs. 10 lakhs :- MCLR plus 1.50% per annum --> Above Rs. 10 lakhs and upto Rs. 20 lakhs :- MCLR plus 2.25% per annum --> Above Rs. 20 lakhs :- MCLR plus 2.75% per annum. The interest rate of an education loan of Rs. 12 lakhs in Jammu and Kashmir Bank for pursuing MBA course is MCLR plus 2.25% per annum. |
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