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#1
1st January 2019, 06:07 PM
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Interest rates calculation of Education Loan in Oriental Bank of Commerce?
I am interested to study BDS by taking an education loan from Oriental Bank of Commerce. 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.
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#2
5th January 2019, 10:06 PM
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Re: Interest rates calculation of Education Loan in Oriental Bank of Commerce?
Interest rates calculation of Education Loan in Oriental Bank of Commerce are as follows.
Loan up to Rs. 4.00 Lacs: MCLR + 2.00% = 11.40% Loan above Rs. 4.00 Lacs and upto Rs. 7.50 Lacs(Credit Guarantee Coverage): MCLR +2.00% = 11.40% Above Rs. 4.00 Lacs and upto Rs. 7.50 Lacs (Immovable Property or Tangible Assets): MCLR + 1.75% = 11.15% For details; https://www.obcindia.co.in/content/education-loan |
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