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  #1  
21st March 2016, 08:53 PM
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Interest rates charges against an Education Loan in State Bank Of India to study M.Tech?


Dear Sir,
Now I have recently completed my B.Tech. I need to apply for M.Tech course. Kindly let me know about the Interest rates of State Bank of India for an Education Loan for M.Tech course?




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  #2  
25th March 2016, 01:38 PM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Interest rates charges against an Education Loan in State Bank Of India to study M.Tech?

The rate of interest varies from time to time as per orders from Reserve Bank of India. However, SBI offers 1% lesser interest rate as compared to other banks. The rate of interest fluctuates between 12-14% and is computed as simple interest for the entire study period. However, in SBI for education loan above 4.5 lakhs, it will ask for mortgage of property like land, vehicle, house,etc.
Do you have any question? or have anything to say?



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