Prime Commercial Bank Education Loan interest rate 2083
Prime Commercial Bank Education Loan: effective rate 10.05%, EMI from Rs. 21,272 per month. Compare with 19 other banks.
#18 / 20 banksAwaiting verificationEffective from 1 Bhadra 2083
Rate breakdown
Base rate
6.81%
Premium
3.24%–3.78%
Effective rate
10.05%–10.59%
Fixed
11.55%–12.59%
- Processing fee
- 0.5% (Min Rs. 1,000)
- Prepayment penalty
- 1.84%
- 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)
Prime Commercial Bank Education Loan FAQ
What is Prime Commercial Bank's current Education Loan interest rate?+
Prime Commercial Bank's Education Loan floating rate is base rate 6.81% plus a premium of 3.24% to 3.78%, giving 10.05% to 10.59% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Education Loan from Prime Commercial Bank?+
At 10.05% over 60 months, the EMI is roughly Rs. 21,272. Use the calculator above to change the amount or tenure.
Can I prepay a Prime Commercial Bank Education Loan?+
Yes. The published prepayment charge is 1.84% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.