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  #1  
14th June 2016, 05:54 PM
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What is Prime Lending Rate under Education Loan policy?


I want to know that what is Prime Lending Rate? I came to know about this term when searching for an Education Loan policy. Can you tell me what it is?




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  #2  
17th June 2016, 11:05 PM
ajayrocks007
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Join Date: Mar 2012
Location: New Delhi
Posts: 20,581
Default Re: What is Prime Lending Rate under Education Loan policy?

The interest rate for education loan in India varies between 9.60% to 13.25% according to the size of the loan. This rate is applicable at major PSU banks.

There is interest subsidy also available to financially poor students.
Do you have any question? or have anything to say?



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