Idfc education loan interest rate

Table of Contents • • • • To have a thriving career, it is crucial for a student to get a good education. With growing competition and inflation, it gets difficult for students to acquire quality education. Today, education in well-known organizations is expensive, though a student is eligible for admission based on merit, many times it gets hard because of financial conditions. Nonetheless, a shortage of finances should never be a cause to stop following your dream. Apply for a student loan and fulfill your dream. What Is An Education Loan? An education loan is a financial support to students to meet the financial requirements and complete their chosen course. This loan can be taken by a student or their parents, also the spouse of a student can take the loan on behalf of the student. Such loans are intended to cover the expense of tuition, books, supplies, and living expenses while the borrower is in the procedure of pursuing a degree. IDFC FIRST Bank is a leading Indian bank that provides education loans to students to achieve their goals. IDFC FIRST Bank education loan offers interest rates starting at 8.5 per cent per annum with loan terms of up to 12 years. Benefits Of Education Loans With education loans, students can get a step closer to their dream profession. Such loans offer several advantages that will assure your studies without stressing about money. • Low-interest rates Interest rates are mostly higher when taking personal loans for financing education, comp...

IDFC First Bank issues a Gold Loan per gram rate of ₹ 2,900 to ₹ 3,450 in line with the current gold rate. The best IDFC First Bank Gold Loan Rate per gram is ₹ 2,900 to ₹ 3,450 for 22 Carat gold, measured at a maximum 75% loan to value, and the average gold price for the last one month for 22-carat is ₹ 2,900 to ₹ 3,450. IDFC First Bank Gold Loan Explanation IDFC First Bank’s IDFC First Bank Comparision With Other Banks Particulars IDFC First Bank SBI HDFC Bank Interest Rate 5.88% per annum 5.88% per annum 9.90% – 17.55% Processing Fees Up to 1% of the loan amount 0.50% of the loan amount 1.50% of the loan amount Loan Tenure 3 months to 12 months 3 months to 36 months 3 months to 24 months Loan Amount Up to Rs. 1 Crore ₹ 20,000 to ₹ 20 Lakh ₹ 25,000 to ₹ 50 Lakh Foreclosure Charges 2%+GST (Within 3 Months), 0 (After 3 months) Nil Nil after 3 months Repayment Options Y Y Y Lowest EMI Per Lakh ₹ 5,121 per lakh ₹ 3,111 per lakh ₹ 4,610 per lakh +91 APPLY NOW Advantages Of IDFC First Bank Gold Loan • Lowest interest rates are available with IDFC First Bank • The loan gets disbursed into your accounts within a few hours of applying • The loan amount can be used as a multipurpose loan • The gold jewellery is safely kept with the bank. • Get the highest LTV for your gold ornaments. • The bank charges a borrower up to .50% on the principal outstanding in case of a Gold Loan Foreclosure. IDFC First Bank gold loan EMI calculator The best of this Loan EMI Calculator is also an onlin...

Menu • Credit Cards • Personal Loan • Other Loans • Home Loan • Business Loan • Personal Loan Balance Transfer • Home Loan Balance Transfer • Loan Against Property • Resources • EMI Calculator • Personal Loan EMI Calculator • Home Loan EMI Calculator • Business Loan EMI Calculator • All About • Aadhar Card • PAN Card • Public Provident Fund • Employees Provident Fund • Post Office Schemes • Others • Check CIBIL Score FREE • IFSC Code • Banking • GST Calculator IDFC First Bank offers personal loans @ 10.49% p.a. onwards for loan amount of up to Rs 1 crore and for tenures of up to 5 years. It facilitates balance transfer of existing personal loans availed from other lenders to IDFC First Bank at lower interest rates. IDFC First Bank also offers online instant personal loans with paperless digital loan processing. Comparison of Personal Loan Interest Rates offered by Various Banks/NBFCs Banks/NBFCs Interest Rates(p.a.) 10.49% onwards 10.49% onwards 10.49% onwards 10.50% onwards 10.50% onwards 10.99% onwards 10.99% onwards 11.00% onwards 11.49% - 14.49% 12% - 36% 12% - 36% 12.96% onwards 12.99% onwards 13% onwards 15.96% onwards 27.00% onwards Up to 29.95% Also Compare the IDFC First Bank Personal Loan Fees and Charges Processing Fees Up to 3.5% of the loan amount at the time of loan disbursal EMI Bounce Charges Rs 400 Account Statement Rs 500 Stamping Charges As per actuals Repayment Instrument Swap Charges Rs 500 No dues certification/Duplicate no objection certificate RS 50...

Loan Parameter Details Loan Limit 75 Lacs without collateral and upto 1cr with collateral Expenses covered Academic expenses • • Tuition fee for the course • Fee for examinations • Library & Laboratory charges • Cost of books, uniforms, and equipment • Living expenses (Accommodation fee included) Additional costs • • Travel expenses • Cost of laptop or computer • Overseas Insurance premium • Cost of medical insurance premium Accepted Co-Borrower Parents, Siblings, Spouse, Parents-in-law IDFC First Bank Education loan interest rate • • Secured/ Collateralized: 8.5% • Unsecured/ Non-Collateralized: 10-12% Moratorium Period The total duration of the course plus 1 year Repayment Duration Including the moratorium period of 24 Months Repayment policies -Interest payment is optional if the university is included in the prime list -Simple interest is to be paid if the university is not on the prime list IDFC Education Loan Eligibility Criteria -a citizen of India (Including NRI) -At the time the loan is initiated, the applicant must be at least 18 years old. -after obtaining the prerequisite requirements, being admitted to the desired institution Pro tip: If you have already paid the university fee, that amount can be reimbursed into your account by talking to a financial officer from WeMakeScholars to discuss it with banking personnel further. Under these schemes, the government of India pays the interest generated during the moratorium period. These schemes are only applicable t...

Education loans help an aspirant to cover financial obligations to pursue higher studies in colleges both in India and abroad. Public and private sector banks provide education loans to students with parents or guardians and co-borrower and charge interest rate when the equated monthly installment (EMI) begins. Forbes Advisor India has put together the interest rates on education loans offered by major public and private sector banks of India. The interest rate and account details are accurate as of Feb. 13, 2023.