Education and Career Forum

Respected Sir/Madam, I want to apply an education loan in South Indian Bank. I want to do BTech through this education loan from this bank. Can I know about the interest rates charges of this bank education loan?

Interest rates of South Indian Bank Education Loan scheme for BTech course:

Rate of interest ranges from MCLR + 2.5 % - MCLR +3.5%

0.5% concession is given to female candidates.

Simple interest is charged during the moratorium.

1% concession is given, if the interest is serviced during moratorium period
Or
1% concession is given in case of prompt repayment of EMI if interest is funded during moratorium.

For details, visit;
https://www.southindianbank.com/cont...dhan-scheme/92

Originally Posted by Unregistered

Respected Sir/Madam, I want to apply an education loan in South Indian Bank. I want to do BTech through this education loan from this bank. Can I know about the interest rates charges of this bank education loan?

The rate of interest of South Indian Bank education loan scheme for BTech course is given below:

Rate of interest – MCLR + 2.50% to MCLR + 3.50%

Interests range for the education loan is – 8.70% to 15.55%
Mean Interest – 12.26%

>> 0.50% concession for women borrowers

Students can contact the South Indian Bank branch for exact details on the rate of interest.