Education and Career Forum

Hello, I am preparing for JEE and other Engineering entrance exams. My first preference is to get admission in NIT for BTech course. For this, I have to take an education loan. So, I would like to know about the interest rates of Bank of Maharashtra for applying an education loan?

Originally Posted by Unregistered

Hello, I am preparing for JEE and other Engineering entrance exams. My first preference is to get admission in NIT for BTech course. For this, I have to take an education loan. So, I would like to know about the interest rates of Bank of Maharashtra for applying an education loan?

Interest rates under the Maha Scholar Education Loan (Bank of Maharashtra) to study BTech in NIT are given below:

Up to Rs 7.50 Lakhs – one year MCLR + 1.0% – 8.75+1.00 = 9.75%

Above Rs 7.50 Lakhs – one year MCLR + 0.75% - 8.75+0.75 = 9.50%

Repayment of the loan will be maximum 180 EMIs (15 years maximum excluding the moratorium period)

Students can find the details in the website link given Click Here