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  #1  
10th October 2016, 05:51 PM
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Procedure to apply for an Education Loan in Andhra Bank? Interest rates charges against an Education Loan?


I want to apply an Education Loan in Andhra Bank. But I don't know how to apply. Please help me to know the procedure to apply? And also the interest rates of this Bank's Education Loan policy?




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  #2  
13th October 2016, 08:52 PM
Saikiranreddy47475
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Join Date: Jul 2013
Posts: 14,288
Default Re: Procedure to apply for an Education Loan in Andhra Bank? Interest rates charges against an Education Loan?

You can apply for an education loan in Andhra Bank directly by contacting bank branch. You need to attach all the required documents, fill the application form and submit it in bank. The bank will verify your documents and if they are found correct the bank will sanction you an education loan within 10-15 working days.

The interest rate charges against an Andhra Bank Education loan are mentioned below :-

--> Up to Rs. 7.50 lakhs :- MCLR (one year) + 2.00 % (1.50% for girl candidates)
--> Above Rs. 7.50 lakhs :- MCLR (one year) + 1.55 % (1.05% for girl candidates)
Do you have any question? or have anything to say?



« How to get special concession of interest rates in Andhra Bank Education Loan policy? | Detailed information about Union Bank of India Special Education Loan scheme? »

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