SIB Bank Education loan interest rate 1 year MCLR + 1.50% to 1 year MCLR 3.05% Moratorium Period Course period plus 1 year Repayment Period/Duration Up to 15 years Repayment policies During the moratorium period, simple interest is charged If interest is paid during the moratorium period ...
Final interest rate = MCLR(marginal cost of fund lending rate) + Interest rate - discounts Let's consider a scenario where MCLR is 2.25% (general MCLR rate) and the interest rate paid to the bank is 8.55%, in addition to that we'll have some additional interest rate over other expense...