#1  
7th June 2018, 09:48 PM
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Interest rates in Andhra Bank Education Loan scheme for BTech course?


Hi everyone, I want to apply an education loan in Andhra Bank. I want to do BTech through this education loan from this bank. Can I know about the interest rates charges of this bank education loan? Thank you!





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  #2  
8th June 2018, 06:26 PM
ajayrocks007
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Default Re: Interest rates in Andhra Bank Education Loan scheme for BTech course?

The education loan interest rates vary according to the RBI rate. They keep changing from time to time based on inflation.

Andhra Bank charges, Base rate + 2.75% for loan up to 7.5 lacs. For loan over 7.5 lacs, they charger base rate + 1.75%. Base rate at present is 10.25%.
  #3  
9th June 2018, 11:27 AM
Saikiranreddy47475
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Default Re: Interest rates in Andhra Bank Education Loan scheme for BTech course?

Interest rates of Andhra Bank Education Loan Scheme for pursuing B.Tech course are mentioned below :-

--> Upto Rs. 7.5 lakhs :- 1 Year MCLR + 2.00%
--> Above Rs. 7.5 lakhs :- 1 Year MCLR + 1.70%

Concession of 0.50% on rate of interest is provided to girl candidates under Andhra Bank Education Loan Scheme.
  #4  
9th June 2018, 04:31 PM
Careerexpert
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Default Re: Interest rates in Andhra Bank Education Loan scheme for BTech course?

Quote:
Originally Posted by Unregistered View Post
Hi everyone, I want to apply an education loan in Andhra Bank. I want to do BTech through this education loan from this bank. Can I know about the interest rates charges of this bank education loan? Thank you!

Interest rates in Andhra Bank education loan scheme for BTech course are given below:

For education loans up to Rs 7.50 Lakhs 10.50%

For education loans above Rs 7.50 Lakhs 10.20%


Girl students can get 0.50% concession in interest rate on education loans through Andhra Bank.

Andhra Bank offers education loans to students who have secured admission in the accredited institutions. List of accredited educational institutes is given in the Andhra Bank Education loan website link given Click Here
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