| 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!
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