#1  
22nd July 2019, 03:30 PM
Unregistered
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Interest rates calculation of Education Loan in HDFC Bank for BE aspirant?


Respected Sir/Madam, I am interested to study BE by taking an education loan from HDFC 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  
25th July 2019, 12:40 PM
Parvathi90
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Join Date: Dec 2018
Posts: 4,519
Default Re: Interest rates calculation of Education Loan in HDFC Bank for BE aspirant?

Quote:
Originally Posted by Unregistered View Post
Respected Sir/Madam, I am interested to study BE by taking an education loan from HDFC 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.

Interest rate calculation of an education loan under HDFC Bank is given below:

Interest rates during April 2019 to June 2019 are given below:

Minimum IPR – 9.40%

Maximum IPR – 13.32%

Average IPR – 11.41%

The Annual percentage rate offered during the period of April 2019 to June 2019 is given below:

Minimum APR – 9.40%

Maximum APR – 14.13%

Average APR – 11.44%
Do you have any question? or have anything to say?



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