#1
20th June 2016, 01:23 PM
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Interest rates charged against Rs. 8.75 Lacs under Axis Bank Education Loan scheme?
Hello,
Can I know how much interest rates is charge in Education Loan scheme of Axis Bank? I am going to get admission for MBA course in an Autonomous college so I want to know about this. The total expenses of MBA course is Rs. 8.75 Lacs. Kindly tell me what interest rates will be charge on this amount? |
#2
21st June 2016, 09:39 PM
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Interest rates charged against an Education loan of Rs.8.75 lacs under Axis Bank Education loan scheme are mentioned below :-
Education Loan Greater than Rs.7.5 lacs :- --> Marginal Cost Based Lending Rate (MCLR) :- 9.30% --> Mark Up :- 6.20% --> Effective ROI Per Annum :- 15.50% Education Loan Greater than Rs.7.5 lacs for Girl Child :- --> Marginal Cost Based Lending Rate (MCLR) :- 9.30% --> Mark Up :- 5.70% --> Effective ROI Per Annum :- 15.00% |
#3
22nd June 2016, 12:28 AM
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The interest rate charged by Axis Bank is a bit different as compared to public sector bank since it is a private sector bank. The details of the interest rate charged by Axis Bank have been enclosed in the attachment below. Kindly refer the attachment and get the details.
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#4
22nd June 2016, 01:37 PM
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![]() Quote:
The Axis Bank Education Loan interest rates will vary for different amount. The details given below; For up to Rs. 4 lakhs – 16.50% Loans greater than 4 lakhs to up tp 7.5 Lakhs – 17.50% Loans greater than 7.5 lakhs – 15.50% For girl students the amount will be less by 0.5% in the entire category. The aspirant can find the details in the website also Official Website. |
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