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  #1  
11th December 2015, 05:32 PM
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Should I apply for Education Loan in United Bank of India to study MBBS? Interest rates charged against Education Loan?


Hello Everyone,
Please tell me about the interest rates which United Bank of India takes against education loan giving for MBBS course? Also tell me this Bank is good for education loan? I will apply or not in this bank education loan?




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  #2  
12th December 2015, 08:06 PM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Should I apply for Education Loan in United Bank of India to study MBBS? Interest rates charged against Education Loan?

The rate of interest fluctuates from time to time as it depends on the orders of Reserve Bank of India which decides as per the market and economic conditions with involvement of the central government. The rate of interest usually fluctuates in the range of 13-14.5 percent. The interest is computed as simple interest for the entire study period. Yes, this bank is good in terms of education loan especially if you have a nearby branch or know its employees so that you can seek any info or help easily whenever needed in terms of your education loan. You can apply if there are no banks which if offering any type of subsidy to you.
Do you have any question? or have anything to say?



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