#1  
28th July 2018, 02:10 PM
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Interest rates in OBC Education Loan scheme for BTech course?


I want to apply an education loan in ICICI Bank. I want to do MBBS through this education loan from this bank. Can I know about the interest rates charges of this bank education loan?




  #2  
1st August 2018, 01:39 PM
ppsahu
Senior Member+++++
 
Join Date: Apr 2018
Posts: 12,628
Default Re: Interest rates in OBC Education Loan scheme for BTech course?

Interest rate of Education Loan scheme in ICICI Bank is as follows.

ICICI Bank Student Loan Scheme Interest Rate for Female Students:-

11.00% Per Annum for ICICI Bank Education Loan Amount up to Rs. 4,00,000

11.50% Per Annum for ICICI Bank Education Loan Amount Rs. 400,001 to Rs. 750,000

12.00% Per Annum for ICICI Bank Education Loan Amount above Rs. 750,000

ICICI Bank Student Loan Scheme Interest Rate for Male Students:

11.25% Per Annum for ICICI Bank Education Loan Amount up to Rs. 4,00,000

11.75% Per Annum for ICICI Bank Education Loan Amount Rs. 400,001 to Rs. 750,000

12.25% Per Annum for ICICI Bank Education Loan Amount above Rs. 750,000

Last edited by ppsahu; 5th August 2018 at 04:09 PM. Reason: Remove dots
  #3  
5th August 2018, 02:09 AM
Narendra2121
Senior Member
 
Join Date: Jul 2018
Location: Hyderabad
Posts: 375
Default Re: Interest rates in OBC Education Loan scheme for BTech course?

LOAN AMOUNT INTEREST RATE
Up to Rs 4 lakhs MCLR + 2% = 12.75%
From Rs 4 lakhs to
Rs7.5 lakhs if credit
guarantee coverage
provided MCLR + 3% = 13.25%
From Rs 4 lakhs to
Rs 7.5 lakhs if collateral
provided MCLR + 1.75% = 12.00%
Above Rs 7.5 lakhs MCLR + 1.75% = 11.30%
Do you have any question? or have anything to say?





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