Education and Career Forum

Hi friends, I want to apply for Vidya Laxmi Loan Scheme of Laxmi Vilas Bank. It is a good initiative taken by this Bank for students who are willing to do BTech course. But, I want to know about the interest rates in this scheme of education loan. Please tell me asap.

Laxmi Vilas bank charge following interest rates on their education loan scheme

- For Boy Students:

Loans up to Rs.4.00 lacs: Base Rate + 3.25% Loans above Rs.4.00 lacs: Base Rate + 4.25%

- For Girl Students:

Loans up to Rs.4.00 lacs: Base Rate + 2.75% Loans above Rs.4.00 lacs : Base Rate + 3.75%

Interest rates under Laxmi Vilas Bank Vidya Laxmi Loan Scheme are given below.

Vidya Lakshmi Loans: (Boy Students)
One year MCLR + 3.10% (PER: 12.90% p.a.)*
For loan covered under CGS Scheme: (Upto Rs.7.50 Lacs): One year MCLR + 2.00% (PER: 11.80% p.a.)*

Vidya Lakshmi Loans: (Girl Students)
One year MCLR+2.85% (PER: 12.65% p.a.)*
For loan covered under CGS Scheme: (Upto Rs.7.50 Lacs)
One year MCLR+2.00% (PER: 11.80% p.a.)
You can get more details on the below mentioned website link.
http://www.lvbank.com/InterestChart.aspx#llas