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28th March 2022, 10:45 PM
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Interest rates of Indian Overseas Bank Vidya Jyoti Education Loan Scheme for Diploma Engineering course?


I want to take an education loan from Indian Overseas Bank. Kindly let me know about the interest rates which will charge in this bank’s Vidya Jyoti Education Loan Scheme because I want to take an education loan for my Diploma Engineering course.




  #2  
31st March 2022, 11:11 AM
cookie1902
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Default Re: Interest rates of Indian Overseas Bank Vidya Jyoti Education Loan Scheme for Diploma Engineering course?

The interest rate of the Indian Overseas Bank Vidya Jyoti Education Loan Scheme for Diploma Engineering is 10.45%. For courses in India, you get the maximum loan of up to Rs.30 lakhs with an interest rate of 10.45%. The bank interest rate is RLLR + Spread (Repo Connected Lending Rate + Spread), which means it is linked to the RBIs rate. The RLLR is 6.85 percent, with a spread of 3.20 percent, resulting in a 10.05 percent effective rate of interest. Women candidates are eligible for a 0.50 percent discount.
  #3  
31st March 2022, 06:44 PM
shantanu bose
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Default Re: Interest rates of Indian Overseas Bank Vidya Jyoti Education Loan Scheme for Diploma Engineering course?

Rate of Interest of Indian Overseas Bank Vidya Jyoti :-
The interest rate starts from 10.45% per annum, and it is the same over the tenure. You can get your graduation, post-graduation, or diploma degree with the help of an education loan.
  #4  
31st March 2022, 09:46 PM
piya1617
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Default Re: Interest rates of Indian Overseas Bank Vidya Jyoti Education Loan Scheme for Diploma Engineering course?

Interest rates of the Indian Overseas Bank Vidya Jyoti Education Loan Scheme for the Diploma Engineering course will be about 8.15%
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  #5  
1st April 2022, 05:17 PM
Hera tabrez
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Location: Kanpur
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Default Re: Interest rates of Indian Overseas Bank Vidya Jyoti Education Loan Scheme for Diploma Engineering course?

The interest rate of Indian overseas bank starts from 9.45%.

The interest on loan is applied as per the bank base rate that is 7 .25 % plus spread over the tenure .

The interest rate starts from 10.45% p.a and it is the same over the tenure.

If a co-borrower is a working indivudual of bank , they will get lower rate of interest on their borrowed loan starting from 8.15% p.a

1%rate concession if the interest is serviced to your loan during the moratorium period.
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