#1  
23rd July 2015, 07:21 PM
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Interest rates charged against Education Loan to study MS in Meteorology in Abroad?


Respected Sir,
I want to study MS in Meteorology in Florida Institute of Technology. I want to apply for Bank Education Loan for my MS course. Can you please tell me about the interest rates charges by the Bank?





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  #2  
26th July 2015, 08:44 AM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Interest rates charged against Education Loan to study MS in Meteorology in Abroad?

The interest rate fluctuates from time to time as per orders from Reserve Bank of India. It is same for all the nationalised public and private banks. However, SBI offers 1% lesser interest rate for education loan than other banks. Usually the interest rate fluctuates from 13% to 14.5% . The maximum loan amount which can be sanctioned for study on abroad is 20 lakhs.
Do you have any question? or have anything to say?



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