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  #1  
7th October 2015, 10:43 PM
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Detailed information about Bank Education Loan BPLR?


Respected Sir,
I am Harish and I want to study MBBS. For this I want to apply for Bank Education Loan. I have searched online alot about Education Loan but couldn't understand BPLR. Please tell me what is BPLR and provide me all the information of it.




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  #2  
31st October 2015, 08:02 PM
ArunavaBasu
Senior Member++++
  
Join Date: Mar 2015
Posts: 2,155
Default Re: Detailed information about Bank Education Loan BPLR?

BPLR means Benchmark Prime Lending Rate.
This means the Interest rate at which the Bank Lends the money to you.
It varies from time to time due to the policies of RBI.
This is what BPLR means. So you need not worry about these terms as these are Banking terms and the main thing that you should look into is the Interest rate and the amount of Loan that you require.
Do you have any question? or have anything to say?



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