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  #1  
24th April 2018, 04:38 PM
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Interest rates in Public Sector Banks for Education Loan to study MTech? Recovery procedure of Loan amount?


Hello everyone, I want to study MTech with an education loan. But I am confused about the interest rates. I want to know that what are the interest rates of public sector banks for education loan. Also let me know the the recovery process?




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  #2  
13th October 2022, 11:15 AM
Hera tabrez
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Join Date: Oct 2020
Location: Kanpur
Posts: 6,959
Default Re: Interest rates in Public Sector Banks for Education Loan to study MTech? Recovery procedure of Loan amount?

Interest rates

State Bank of India
6.90% to 9.30%

Punjab National Bank
6.90% to 9.55%

Bank of Baroda
6.85% to 9.9 5%

Canara Bank
7.40% to 9.40%

Repayment include paying back the loan in form of EMI as soon as the moratorium period gets over .
EMI of person should not exceed 50% of ones salary .
The repayment should be completed within a maximum tenure of 8 to 15 years soon after the grace period.
Do you have any question? or have anything to say?



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