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  #1  
30th November 2015, 04:57 PM
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Interest rates charges against Education Loan to study in foreign countries?


Hi,
I am preparing for GRE and thinking of getting 320 marks. I want to do MS in USA by taking an education loan. Can you please provide me the interest rates charges for foreign countries education? Please reply as soon as possible.




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  #2  
28th December 2015, 09:19 PM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Interest rates charges against Education Loan to study in foreign countries?

The rate of interest fluctuates from time to time as per orders from the Reserve Bank of India which decides as per the market conditions and orders from the Central government. Usually, for most of the banks it is same. It is accounted as simple interest for the entire study period. The rate of interest usually fluctuates in the range of 13-14.5 percent per annum. Apart from this, there are different kinds of subsidies given by various banks as per their internal policies and government policies.
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