Education and Career Forum

Respected Sir/Madam, I am interested to study BE by taking an education loan from United Bank of India. 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.

Originally Posted by Unregistered

Respected Sir/Madam, I am interested to study BE by taking an education loan from United Bank of India. 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.

United Bank of India education loan interest rates are given below:

Rate of interest (floating rate):

Up to Rs 7.50 Lakhs – MCLR - Year + 2.20%, i.e. 10.90% (approximately)

Above Rs 7.50 Lakhs – MCLR – Year + 2.15%, i.e. 10.85% (approximately)

Girl students can get 0.50% concession in interest rate

The MCLR will keep changing. Therefore, students have to contact the United Bank of India bank branch for more details on the rate of interest.