Rastriya Banijya Bank Education Loan interest rate 2083
Rastriya Banijya Bank Education Loan: effective rate 8.43%, EMI from Rs. 20,483 per month. Compare with 19 other banks.
Cheapest#1 / 20 banksAwaiting verificationEffective from 1 Bhadra 2083
Rate breakdown
Base rate
5.86%
Premium
2.57%–3.32%
Effective rate
8.43%–9.18%
Fixed
9.93%–11.18%
- Processing fee
- 0.5% (Min Rs. 1,000)
- Prepayment penalty
- 1.31%
- 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)
Rastriya Banijya Bank Education Loan FAQ
What is Rastriya Banijya Bank's current Education Loan interest rate?+
Rastriya Banijya Bank's Education Loan floating rate is base rate 5.86% plus a premium of 2.57% to 3.32%, giving 8.43% to 9.18% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Education Loan from Rastriya Banijya Bank?+
At 8.43% over 60 months, the EMI is roughly Rs. 20,483. Use the calculator above to change the amount or tenure.
Can I prepay a Rastriya Banijya Bank Education Loan?+
Yes. The published prepayment charge is 1.31% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.