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#1
23rd November 2018, 06:30 PM
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Interest rates calculation of Education Loan in Oriental Bank of Commerce for BE aspirant?
Respected Sir/Madam, I am interested to study BE 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
14th June 2022, 09:19 PM
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Re: Interest rates calculation of Education Loan in Oriental Bank of Commerce for BE aspirant?
Interest rate is 7.30% to 9.30%
If a candidate takes an education loan if Rs 10 lacs for 2 years with an average rate of 12% , then the EMI will be Rs 47,073 The rate of interest on loan is calculated per month. The calculation of interest is mathematical calculation . |
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