Global IME Bank Education Loan interest rate 2083
Global IME Bank Education Loan: effective rate 9.15%, EMI from Rs. 20,831 per month. Compare with 19 other banks.
#7 / 20 banksAwaiting verificationEffective from 1 Bhadra 2083
Rate breakdown
Base rate
6.44%
Premium
2.71%–4.37%
Effective rate
9.15%–10.81%
Fixed
Not offered
- Processing fee
- 0.5% (Min Rs. 1,000)
- Prepayment penalty
- 1.75%
- Loan amount
- Rs. 2 Lakh – Rs. 1 Cr
- Tenure
- 12 – 180 months
- Max financing
- 8%
- Age
- 21 – 40 years
Highlights
- Nepal and abroad study
- Moratorium during study
- Covers tuition, living and travel
Who is eligible
Admission letter and fee structure required. Parent or guardian as co-borrower.
Documents you will need
- Citizenship certificate (copy)
- 2 passport-size photos
- Latest 6 months bank statement
- PAN card
- Admission letter
- Fee structure
- Passport (for abroad)
Global IME Bank Education Loan FAQ
What is Global IME Bank's current Education Loan interest rate?+
Global IME Bank's Education Loan floating rate is base rate 6.44% plus a premium of 2.71% to 4.37%, giving 9.15% to 10.81% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Education Loan from Global IME Bank?+
At 9.15% over 60 months, the EMI is roughly Rs. 20,831. Use the calculator above to change the amount or tenure.
Can I prepay a Global IME Bank Education Loan?+
Yes. The published prepayment charge is 1.75% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.