Education and Career Forum

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

Interest rates under Synd Vidya Abroad Education Loan Scheme are mentioned below:-

—> One year MCLR + 2.10% per album.

—> 1% interest concession will be provided, if interest is serviced during the study period and subsequent moratorium period prior to commencement of repayment.

—> 1% concession in applicable rate is available to children of Employees of Government Department/ Public Sector Undertakings like Banks, LICs etc.,/Corporations, Blue Chip Companies.