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  #1  
24th April 2018, 04:36 PM
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Interest rates calculation of Education Loan in Vijaya Bank?


Hello everyone, I am interested to study BTech by taking an Education Loan from Vijaya Bank. I don’t know how they calculate the interest rates. So, I just want to know about the calculation of an Education Loan. Please tell me asap.




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  #2  
2nd June 2018, 11:13 AM
Saikiranreddy47475
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Join Date: Jul 2013
Posts: 14,288
Default Re: Interest rates calculation of Education Loan in Vijaya Bank?

Interest rates of education loan offered by Vijaya Bank are mentioned below :-

--> Upto Rs.4.00 Lakhs :- 1 Year MCLR + 2.15% = 10.65%

--> Above Rs.4.00 Lakhs and upto Rs.7.50 Lakhs :- 1 Year MCLR + 2.15% = 10.65%

--> Above Rs.7.50 lakhs :- 1 Year MCLR + 2.00% = 10.50%

--> For Students admitted to Top Rated Institutions :- 1 Year MCLR + 0.95% = 9.45%
Do you have any question? or have anything to say?



« Can I apply for an Education Loan of Rs. 5 Lacs to study BTech(Mechanical Engineering)? | Eligibility to apply for an Education Loan in Vijaya Bank to study BTech? Is there any processing charge? »

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