Compare Federal Bank Education Loan
Federal Bank Education Loan
Federal Bank | Education Loan
Interest rates on Education Loans are floating, and vary with the changes in MCLR.
Annual Percentage Rate (APR): 10.90% - 15.30%
Minimum & Maximum period for repayment (Loan Tenure): 7 years
Loan processing charges: 0.50% of the loan amount
Late Payment: Nil
Foreclosure Charges: 2% will be charged on the overdue amount 30 days after the due date.
Partpayment Charges: N/A
Maximum Loan Amount: upto 20 lakh
Federal Bank Profile
Sector : Finance
Industry : Regional Banks
Loan EMI
\u20b9 1,24,797
Total Interest Payable
\u20b9 34,90,279
Total of Payments
(Principal + Interest)
\u20b9 59,90,279
Federal Bank Loan Interest Rates
| Federal Bank | ROI | Max Loan Amount | Tenure | Processing Fee | Late Payment | Foreclosure Charges | Partpayment Charges | |
|---|---|---|---|---|---|---|---|---|
|
|
Car Loan | 9.20% | 100% of ex-showroom price | upto 84 months | Rs 1500 to Rs 2500 | Nil | N/A | N/A |
|
|
Home Loan | 8.75% | 15 cr | 30 years | upto 1% of loan amount | Nil if floating, upto 2% for fixed rate | 2% additional interest per month on overdue EMI amount | N/A |
|
|
Education Loan | 10.90% - 15.30% | upto 20 lakh | 7 years | 0.50% of the loan amount | Nil | 2% will be charged on the overdue amount 30 days after the due date. | N/A |
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