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  #1  
6th January 2016, 11:27 AM
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Whether interest rates against Education Loan of both Public and Private banks are same?


Hello,
I want to know that the interest rates of private banks and interest rates of Public banks are same for an Education Loan? Please tell me asap.




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  #2  
11th January 2016, 05:33 PM
bhushankumar398
Senior Member++
  
Join Date: Jun 2013
Posts: 1,303
Default Re: Whether interest rates against Education Loan of both Public and Private banks are same?

No, the interest rates on educational loan of private bank and public bank are different. In other words, the interest charged by public banks such as HDFC, Axis Bank etc is more than the interest charged by public banks.

Following are the advantages of taking educational loan from public bank over private bank:

--Lower rate of interest on educational loan.

--Interest subsidy if submit the income certificate of your parents.
Do you have any question? or have anything to say?



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