Education and Career Forum

Respected Sir,
I want to know the lowest interest rate which provided by Banks on Education Loan as I want to do an MBA in India. Kindly tell me about the Banks which has cheapest Interest rates. Thank you.

Originally Posted by Unregistered

Respected Sir,
I want to know the lowest interest rate which provided by Banks on Education Loan as I want to do an MBA in India. Kindly tell me about the Banks which has cheapest Interest rates. Thank you.

List of banks which will provide you loan for studying MCA are Andhra Bank, Allahabad Bank, Axis bank, BOI i.e. Bank of India, BOP i.e. Bank of Punjab, BOR i.e. Bank of Rajasthan, Bharat Overseas Bank, Canara Bank, CBI, CBP, Citi Bank, CIty Union Bank, Corp Bank, Dena Bank, Dhanalakshmi Bank, SBI and its associate banks, Syndicate bank, HDFC bank, ICICI Bank, Vijaya bank, Union bank of India, United bank of India, Punjab National bank, Sarswat bank and more.

It’s important to shift your career to next level if you are looking for better future venture with more career opportunities. Students are opting for educational loan for their higher studies and which has become a hassle free these days.

For pursing studies in India, RBI has put a limitation on the maximum amount for which you can apply is 10 lacs and for abroad studies its 20 lacs.

Name of Bank and Rate of interest range

• Central Bank of India 10.25% - 12.25%
• United Bank of India 10.25% - 12.75%
• IDBI Bank 10.25% - 13.75%
• Bank of Maharashtra 11.50% - 12.75%
• Bank of India 12.70% - 13.20%
• Dena Bank 11.80%
• Canara Bank 11.70% - 12.20%
• Allahabad Bank 11.70 - 13.25%
• Union Bank of India 11.75% - 12.00%
• Punjab National Bank 12.25% - 14.25%