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What is the interest rate charged by the Dena Bank for education loans above INR 4 Lacs for education in India?
Asked by Student on 19 February 2008 at 12:43 AM.
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Answered by Studyplaces Counsellor Student Loan
If you can repay the entire loan amount within a time period of 3 years then the interest rate charged is 13.25% per annum. But, if the repayment period is going to stretch for more than 3 years then the bank will charge a slightly higher rate of interest of 13.75%. (Interest rates are variable and subject to decisions of the Reserve Bank of India).
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