How to calculate the education loan interest rate?

With Airtel Finance, you can get an education loan at a starting interest rate of 11.5% per annum.

The interest rate for education loans may be fixed or variable, depending on the education loan’s lending partner. It is recommended to check the interest type with the lending partner of Airtel Finance before availing of the loan.

The interest rate for undergraduate and graduate loans begins at 11.5% per annum. However, it may change as per the creditworthiness of the applicant and the policies of the lender.

No, the interest rates for education loans do not vary based on the course of study or field of specialisation. The interest rates are often determined by your creditworthiness, lender policies, market conditions, and interest type.

It is recommended to check with the lending partner of Airtel Finance to learn about the specific interest-related information.

Yes, there are caps or limits on interest rates for education loans, as the borrowers can protect themselves against dramatic interest increases.

Yes, you can negotiate for a lower personal loan interest rate if your payment history and credit report are good.

The credit score is one of the most important factors to determine the interest rate for an education loan. The higher the credit score, the higher the chances of getting an education loan at lower interest rates.

Yes, you can enrol in automatic payments to lower the interest rate.

Yes, the interest rate can be affected by the choice of your education loan repayment term. Usually, shorter repayment terms offer lower interest rates, while longer terms may have higher rates.

There are no penalties or fees for changes in interest rates or repayment terms.

Yes, you can negotiate the interest rate with the lender. However, the interest rate offered will depend on your creditworthiness and policies of the lender.

APR or Annual Percentage Rate is charged by the credit card companies on any outstanding credit card bill. On the other hand, interest rates for personal loans are charged by the lenders on the personal loan principal amount.

The major government programs and initiatives that offer subsidised interest rates for education loans include the Central Sector Interest Subsidy Scheme (CSIS) and the Padho Pardesh Scheme.