How to get Low interest rate Educational loan from Nationalised bank in India?
I have a friend who is need of Educational loan. He is from a low income group. He will need about 4lakhs for his education and will start repaymant after getting a job. I need the answer to help him in getting the loan.
The rate of interest charged by nationalised banks is cheaper than rate of interest charged by private banks. The rate of interest being charged by nationalised banks is almost same ( with slight difference). The interest charged by nationalised banks is on reducing balance basis.
Do you want terms and conditions of bank’s educational loans.The scheme of Punjab & Sind Bank can be viewed on site :
http://indiaeducation.info/EducationLoans/PunjabAndSindBank/
The schemes of other banks are almost same but may be slight difference here and there.
