Education and Career Forum

Hello everyone, I want to apply an education loan in Syndicate Bank. I want to do an ITI course through this education loan from this bank. Can I know about the interest rates charges of this bank education loan? Waiting for your response!

Interest rates under Syndicate Bank Education Loan scheme for an ITI course is one year MCLR + 1.5% per annum.
1% interest concession is provided, if interest is serviced during the study period and subsequent moratorium period prior to commencement of repayment.
0.50% and 0.75% concession on interest rates is provided to SC/ST boys and SC/ST females students respectively.
0.50% concession on interest rates is also given to girls students other than SC/ST category.

More info;
https://www.syndicatebank.in/english...ationLoan.aspx

Interest rates under Syndicate Bank Education Loan scheme for an ITI course are as follows:-
For education loans up to 4 Lakh - PLR - 1.50%
For education loans above 4 Lakh - PLR - 1.00%
Note : PLR means Prime Lending Rate which is currently 13.25% in Syndicate Bank.