Machhapuchchhre Bank Education Loan interest rate 2083
Machhapuchchhre Bank Education Loan: effective rate 10.13%, EMI from Rs. 21,311 per month. Compare with 19 other banks.
#19 / 20 banksAwaiting verificationEffective from 1 Bhadra 2083
Rate breakdown
Base rate
6.88%
Premium
3.25%–4.75%
Effective rate
10.13%–11.63%
Fixed
Not offered
- Processing fee
- 0.5% (Min Rs. 1,000)
- Prepayment penalty
- 1.57%
- 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)
Machhapuchchhre Bank Education Loan FAQ
What is Machhapuchchhre Bank's current Education Loan interest rate?+
Machhapuchchhre Bank's Education Loan floating rate is base rate 6.88% plus a premium of 3.25% to 4.75%, giving 10.13% to 11.63% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Education Loan from Machhapuchchhre Bank?+
At 10.13% over 60 months, the EMI is roughly Rs. 21,311. Use the calculator above to change the amount or tenure.
Can I prepay a Machhapuchchhre Bank Education Loan?+
Yes. The published prepayment charge is 1.57% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.