Bank Loans

S.NO

Bank 1 Bank of Baroda

2 SBI

3 punjab national bank

4 Union Bank

5 Bank Of India

Interest Loans upto Rs.4.00 lacs : 1.25% below BPLR i.e. 11.50%. Loans above Rs.4.00 lacs : 0.75% Above BPLR i.e. 13.50%.

For loans up to Rs.4 lacs - 12.25% p.a. Floating For loans above Rs.4 lacs - 13.25% p.a. Floating

For loans up to Rs.4 lacs - 11.75% p.a. For loans above Rs.4 lacs - 13.00% p.a.

margin nil 5%

nil 5%

nil 5%

For loans up to Rs.4 lacs - 11.75% p.a. For loans between Rs.4 lacs -7.5lacs - 12.50% p.a. For loans above Rs.7.5 lacs - 12.00% p.a.

nil 5% 5%

For loans up to Rs.4 lacs - 11.00% p.a.

nil

For loans between Rs.4 lacs -7.5lacs - 11.00% p.a.

5%

For loans above Rs.7.5 lacs - 12.00% p.a.

5%

Note:some banks giving special concession for women

repayment holiday 1 year or 6 months after getting job, whichever is earlier 1 year or 6 months after getting job, whichever is earlier

1 year or 6 months after getting job, whichever is earlier 1 year or 6 months after getting job, whichever is earlier

1 year or 6 months after getting job, whichever is earlier 1 year or 6 months after getting job, whichever is earlier 1 year or 6 months after getting job, whichever is earlier 1 year or 6 months after getting job, whichever is earlier 1 year or 6 months after getting job, whichever is earlier 1 year or 6 months after getting job, whichever is earlier 1 year or 6 months after getting job, whichever is earlier 1 year or 6 months after getting job, whichever is earlier

security No Security Collateral security in the form of suitable third party guarantee.

No Security Collateral security in the form of suitable third party guarantee.

No Security 3rd party guarantee acceptable to the Bank

No security 3rd party guarantee acceptable to the Bank No Security Collateral security in the form of suitable third party guarantee. Collateral security of suitable value

comments Simple interest to be charged at monthly rests during the repayment holiday / moratorium period. 1% interest concession is provided if interest debited during repayment holiday is serviced. 1% Concession in rate of interest to loans for girl student.

Interest will be charged at simple rates from the date of disbursement till the commencement of repayment of loan and thereafter, Compound Interest will be charged on reducing balance basis. ½% interest concession may be provided for the loanees if the interest is serviced during the study period.

Simple interest will be calculated during repayment holiday/moratorium period. Interest rate is fixed and will not undergo any change till the loan amount is repaid in full

Simple interest during the repayment holiday/moratorium period.1% int. concession if interest is serviced during moratorium period, where repayment holiday is specified for interest/repayment under the scheme (concession available for moratorium period)

website http://www.bankofbaroda.com/pfs/gyan.asp

http://www.sbi.co.in/viewsection.jsp?id=0,1,20,118

http://www.pnbindia.com/c_vidya.htm

http://www.unionbankofindia.co.in/ln_Union_Education.aspx

http://www.bankofindia.com/Home/productsservices/eduloans1.asp