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  #1  
7th October 2016, 05:25 PM
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Interest rates charges under Citi Bank Education Loan scheme for MBBS course?


I want to study MBBS. But I am getting admission in a Private college. Can I know that, if I apply an Education Loan for my MBBS course in Citi Bank then what will be the interest rates charges? Please let me know immediately.




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  #2  
8th October 2016, 05:20 PM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Interest rates charges under Citi Bank Education Loan scheme for MBBS course?

The rate of interest fluctuates from time to time as per orders from Reserve Bank of India. Hence the rate of interest cannot be stated exactly and you need to comply with the fluctuating rate of interest. The rate of interest fluctuates in the range of 12.5-14.5 percent and is computed as simple interest for the entire study period. Once the moratorium period is over, the interest will be computed as compound interest.
Do you have any question? or have anything to say?



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