#1  
28th May 2019, 05:37 AM
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Interest rates calculation of Education Loan in Andhra Bank for BE aspirant?


Respected Sir/Madam, I am interested to study BE by taking an education loan from Andhra Bank. I don’t know how they calculate the interest rates. So, I just want to know about the calculation of education loan. Please tell me asap.




  #2  
31st May 2019, 04:01 PM
shahi jee
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Join Date: Jul 2017
Location: Bihar
Posts: 5,804
Default Re: Interest rates calculation of Education Loan in Andhra Bank for BE aspirant?

Interest rates calculation of Education Loan in Andhra Bank for BE aspirants are as follows:-
Upto Rs. 7.50 Lakh - Base rate + 2.75%
Above Rs. 7.50 Lakh - Base rate + 1.50%

Note - Base rate - 10.25%
0.50% concession for girl students.
  #3  
14th July 2019, 12:16 PM
Himaniii
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Join Date: Apr 2019
Posts: 769
Default Re: Interest rates calculation of Education Loan in Andhra Bank for BE aspirant?

Interest rates:-

Loan Amount Rate of Interest

Up to 7.5 Lakhs MCLR (one year) + 2.00 %

Above 7.5 Lakhs MCLR (one year) + 1.70 %
Do you have any question? or have anything to say?



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