#1  
15th July 2019, 03:21 PM
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Interest rates calculation of Education Loan in United Bank of India for BE aspirant?


Respected Sir/Madam, I am interested to study BE by taking an education loan from United Bank of India. I donít know how they calculate the interest rates. So, I just want to know about the calculation of education loan. Please tell me asap.




  #2  
21st July 2019, 12:32 PM
Parvathi90
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Default Re: Interest rates calculation of Education Loan in United Bank of India for BE aspirant?

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Originally Posted by Unregistered View Post
Respected Sir/Madam, I am interested to study BE by taking an education loan from United Bank of India. I donít 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 Ė MCLR - Year + 2.20%, i.e. 10.90% (approximately)

Above Rs 7.50 Lakhs Ė MCLR Ė 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.




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