| What is the interest rate on Educational loans? |
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| Written by Site Administrator |
| Tuesday, 27 October 2009 13:51 |
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Generally, banks charge interest rates on Education loans to the tune of 11 to 14 %. Interest rate varies from bank to bank and there are several dependent factors based on which this rate is arrived at. The amount of loan you require, the credibility of the degree for which you apply, the tenure, the repayment model, etc all of these may be considered when coming up with the interest rate for the loan.
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