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#1
20th April 2016, 12:42 PM
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From where I will get an Education Loan of Rs. 8 Lacs to study MBA with lowest Interest rate?
Hi,
I have been selected for MBA course but my economic condition is not well that I could pay such fee like Rs. 8 Lacs. I want to know from where I can get an Education Loan at lowest rate of interest? And interest will be charged from which time? My mother manages expenses as my father is no more. |
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#2
22nd April 2016, 12:42 PM
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Re: From where I will get an Education Loan of Rs. 8 Lacs to study MBA with lowest Interest rate?
The list of banks from which you can opt education loan is attached for your kind reference. The rate of interest is almost same for all banks as it is regulated by Reserve Bank of India. The rate of interest fluctuates in the range of 13-14.5 percent and is computed as simple interest for the entire study period. However, SBI offers 1% lesser interest rate as compared to other banks.
The rate of interest will be charged from the first disbursement of loan amount, i.e, from the day when bank lends out the first loan installment. |
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