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  #1  
1st May 2016, 02:39 PM
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What percentage of margin is considered by Public Sector Banks in an Education Loan to study Abroad?


Dear Friends,
I am going to Australia for further pursuing MBA program. The cost of this program is Rs. 18 Lacs. I want to know the percentage of margin considered by Public Sector Banks for study Abroad in an Education Loan? Please reply as soon as possible.




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  #2  
11th May 2016, 12:18 AM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: What percentage of margin is considered by Public Sector Banks in an Education Loan to study Abroad?

The percentage of margin considered by Public Sector Banks for study Abroad in an Education Loan depends on the education loan amount you are seeking. Since you want education loan of 18 lakhs, so the margin will be 20%. SO you will need to pay 20% of the loan amount which the bank will disburse in each installment.
Do you have any question? or have anything to say?



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