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  #1  
15th May 2015, 12:23 PM
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What amount I have to pay in return against Bank Education Loan if pursue B.Tech?


Hello Sir,
I have secured 26679 rank in KIITEE and
I am getting admission in B.Tech course.
Now, I want to apply for Education Loan from Bank.
Please tell me if I get Loan then how much I have to pay.




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  #2  
19th May 2015, 01:08 AM
palugulavenumadhav
Senior Member+++++
  
Join Date: Dec 2014
Location: Hyderabad
Posts: 3,103
Default Re: What amount I have to pay in return against Bank Education Loan if pursue B.Tech?

Generally, all nationalized banks offer educational loans to pursue higher education in India or abroad. The maximum sanctioned amount for educational loan is Rs.7.5 lacs for studies in India whereas for studies in abroad it is Rs.15 lacs. One has to pay in return with including the fixed interest charge. The interest charge will differs from bank to bank. For example the SBI bank will charge 13.35% per annum for loans up to Rs.4 lacs.
Do you have any question? or have anything to say?



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