#1  
19th September 2015, 04:34 PM
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Interest rates charges against Education Loan in State Bank of India for a candidate who want to study B.Tech in IIT?


Hello All,
I am preparing for JEE Main & Advances. I want to study B.Tech in IIT campus. And I am preparing well for my entrance exam. I just want to get an Education Loan from State Bank of India for doing B.Tech. I have a Savings Account in SBI. So, I would like to know the interest rates charges against Education Loan for my study?





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  #2  
20th September 2015, 12:29 AM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Interest rates charges against Education Loan in State Bank of India for a candidate who want to study B.Tech in IIT?

The rate of interest is fixed by Reserve Bank of India and it fluctuates from time to time as per market conditions. State Bank of India charges lowest interest rate than other banks which is usually 1 % lesser than others. The interest will be accounted as simple interest for the entire study period. The rate of interest usually fluctuates between 13-14.5 percent.
Do you have any question? or have anything to say?



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