Education Loans – India – 2011


 

BANK INTEREST RATE INTEREST RATE TYPE OF INTEREST
Allahabad Bank BASE RATE + 3% 13% FLOATING
Bank Of Baroda BASE RATE + 4% 14% FLOATING
Bank Of India BASE RATE + 4% 14% FLOATING
Bank Of Maharashtra BASE RATE + 2.75% 12.75% FLOATING
Canara Bank BASE RATE + 2% 12% FLOATING
IDBI Bank   13.5% FIXED
Indian Bank /td>14%FIXED

TENURE
Usually 5-7 years, re payment starts 6 months after you get a job or 1 year after completing the course, whichever comes earlier.

BANK TENURE
IDBI Bank 5-7 years
UCO Bank 5-7 years
Canara Bank 7 years
Indian Bank 6 years

There are various other fees like, processing fees, documentation fees, pre payment and pre-closure charges. UCO Bank, Bank Of India and Axis Bank have no processing fees. Teh processing time varies from Bank to Bank.
Happy Studying!
image source : source

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