#1
16th May 2016, 10:21 AM
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Interest Rate For Education Loan In State Bank Of Hyderabad
Hello sir, I am Aman. I am from Delhi. I want you to help me by giving me some information about the interest rate for education loan in State Bank of Hyderabad. Can you give me some details about it?
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#2
16th May 2016, 10:22 AM
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Re: Interest Rate For Education Loan In State Bank Of Hyderabad
As you have asked about the interest rate for education loan in State Bank of Hyderabad, I am giving you information about it, check below for the details Amount of Loan : For studies in India, maximum `10 lacs Studies abroad, maximum `20 lacs Margin : For loans up to `4 lacs: No Margin For loans above `4 lacs: Studies in India: 5% Studies Abroad: 15% Security : Amount: For loans upto `10 lacs for Studies in India and upto 20 lacs for studies abroad Upto `4 lacs: No Security Above `4 lacs to `7.50 lacs: Collateral security in the form of suitable third party guarantee. Above `7.50 lacs.: Tangible collateral security of suitable value, along with the assignment of future income of the student for payment of installments. Interest rates: Base Rate: 9.75% w.e.f:08-10-2015 Interest Rates Advances Segment Wise Upto Rs. 4.00 Lacs – Not to exceed BPLR Above Rs4.00 Lacs – Not to exceed BPLR +1% Present Interest Rates: Loans upto Rs. 4.00 Lacs – 11.50% (1% less than BMPLR) Loans above Rs4.00 Lacs & UP TO Rs.10.00 Lacs – 12.50% (0.50% less than BMPLR) Loans above Rs.10.00 Lacs - 13.00% (At BMPLR) |