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#1
3rd March 2019, 03:52 PM
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Interest rates calculation of Education Loan in State Bank of Bikaner & Jaipur for BCA aspirant?
Respected Sir/Madam, I am interested to study BCA by taking an education loan from State Bank of Bikaner & Jaipur. 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
6th March 2019, 09:01 AM
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Re: Interest rates calculation of Education Loan in State Bank of Bikaner & Jaipur for BCA aspirant?
Details of interest rates of education loan offered by State Bank of Bikaner & Jaipur are :-
—> Upto Rs. 7.5 lakhs:- 1 year MCLR (8.55%) + Spread (2.00%) = 10.55% per annum —> Above Rs. 7.5 lakhs:- 1 year MCLR (8.55%) + Spread (2.25%) = 10.80% per annum |
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