#1
29th June 2019, 02:37 PM
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Interest rates against Indian Overseas Bank Education Loan Scheme for Diploma Engineering course?
I want to take an education loan from Indian Overseas Bank. Kindly let me know about the interest rates which will charge in this Bank’s Education Loan Scheme because I want to take an education loan for my Diploma Engineering course.
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#2
30th June 2019, 03:10 PM
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Interest rates against Indian Overseas Bank Education Loan Scheme are as follows:-
Up to Rs. 4 Lakhs- 12.25% Above Rs. 4 Lakhs to Rs. 7.50 Lakhs- 13.50% Vocational courses- 12.25% Ward of Staffs- 12.00% |
#3
30th June 2019, 05:18 PM
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Interest rates against Indian Overseas Bank Education Loan Scheme for Diploma Engineering course are as listed below:-
Up to Rs. 4 Lakhs - 12.25% Above Rs. 4 Lakhs to Rs. 7.50 Lakhs - 13.50% Above Rs. 7.50 Lakhs - 13.25% Ward of Staff - 12.00% Vocational Courses - 12.25% Note - Additional concession in interest rate of 0.50% to female candidates |
#4
30th June 2019, 11:31 PM
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For any type of course, in indian overseas bank you will get educational loan based on sanction limit. Here i am providing you the interest rate as per loan limit.
1.upto 4 lakhs. : 12.25% 2.from 4 lakh to 7.5 lakh : 13.50% 3.above 7.5 lakh :13.25% 4.for vocational courses : 12.25% 5.for staff :12.00% And also you will get subsidy on interest under CSIS scheme , for family income upto 4 lakh. |
#5
1st July 2019, 12:06 PM
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Indian Overseas Bank Education Loan interest rates are given below: For Vidya Jyothi – MCLR + 3.00%, i.e. - 8.65 + 3.00 = 11.65% For Vidya Suraksha - MCLR + 2.00%, i.e. - 8.65 + 2.00 = 10.65% Students can find the details in the Indian Overseas Bank website link given https://www.iob.in/Retail-credit-interest-rates |
#6
1st July 2019, 01:57 PM
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Interest rates against Indian Overseas Bank Education Loan Scheme for Diploma Engineering course is 8.65 (MCLR) + 1.5 (spread) = 10.15%
Details regarding Interest rates against Indian Overseas Bank Education Loan Scheme is available on the below mentioned official website link; https://www.iob.in/Retail-credit-interest-rates |
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