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  #1  
12th August 2015, 03:22 PM
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Interest rates charged against Education Loan of Andhra Bank to study MBBS in Chennai for a candidate of Hyderabad?


Hello Friends,
I want to know about the Interest of Andhra Bank for taking Education Loan if I want to study MBBS in Chennai? I am from Hyderabad but I want to study my MBBS in Chennai by taking Education Loan. Please help me.




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  #2  
24th August 2015, 09:49 AM
SudeepKumarSaha
Senior Member+++++
  
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Interest rates charged against Education Loan of Andhra Bank to study MBBS in Chennai for a candidate of Hyderabad?

The rate of interest fluctuates from time to time as per orders from Reserve Bank of India. There is no hand of Andhra Bank in this section. The interest is accounted as simple interest for the entire study period. Usually the rate of interest fluctuates in the range of 13-14.5% per annum.
  #3  
1st September 2015, 02:01 AM
ArunavaBasu
Senior Member++++
  
Join Date: Mar 2015
Posts: 2,155
Default Re: Interest rates charged against Education Loan of Andhra Bank to study MBBS in Chennai for a candidate of Hyderabad?

The interest rates fluctuate and if you are taking loan on the floating criteria then the interest rate for Andhra Bank at present for the Educational Loan is about 12-13% per annum.
If you are taking Loan on the Floating rates then the rate will vary on the policy of the Reserve Bank of India.
Do you have any question? or have anything to say?



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