{"id":483,"date":"2018-02-18T06:55:51","date_gmt":"2018-02-18T01:25:51","guid":{"rendered":"http:\/\/www.theteamwork.com\/finance\/?p=483"},"modified":"2018-02-19T00:57:31","modified_gmt":"2018-02-18T19:27:31","slug":"900023-abu-dhabi-commercial-bank-current-education-loan-interest-rates","status":"publish","type":"post","link":"https:\/\/www.theteamwork.com\/finance\/900023-abu-dhabi-commercial-bank-current-education-loan-interest-rates.html","title":{"rendered":"Abu Dhabi Commercial Bank – Current Education Loan Interest Rates"},"content":{"rendered":"

Abu Dhabi Commercial Bank – Current Education Loans or Student Loans Interest Rates<\/strong><\/p>\n

New Delhi (Delhi, India), February 18, 2018<\/p>\n

Abu Dhabi Commercial Bank Cuts Education Loan Interest Rate to 12.10% Per Annum<\/strong><\/p>\n

The Abu Dhabi Commercial Bank has decreased its education loan interest rates by 0.20 percent, or 20 basis points with effect from Tuesday, November 01, 2016.<\/p>\n

Abu Dhabi Commercial Bank has revised its minimum education loan interest rate from 12.55 percent to 12.30 percent per annum for female and male students for the education loan amount up to Rs. 750,000 and from 12.45 percent to 12.25 percent per annum for male and female students for the education loan amount above Rs. 750,000.<\/p>\n

Abu Dhabi Commercial Bank’s current interest rate cut will reduce the cost of funds for those people who want to avail education loans for their higher studies.<\/p>\n

Abu Dhabi Commercial Bank Student Loan Scheme – Current Education Loan Interest Rates for Various Category of Borrowers<\/strong><\/p>\n

Abu Dhabi Commercial Bank Student Loan Scheme Interest Rate for Female Students:<\/strong><\/p>\n

12.10% Per Annum for Abu Dhabi Commercial Bank Education Loan Amount up to Rs. 4,00,000<\/p>\n

12.10% Per Annum for Abu Dhabi Commercial Bank Education Loan Amount Rs. 400,001 to Rs. 750,000<\/p>\n

12.25% Per Annum for Abu Dhabi Commercial Bank Education Loan Amount above Rs. 750,000<\/p>\n

Abu Dhabi Commercial Bank Student Loan Scheme Interest Rate for Male Students:<\/strong><\/p>\n

12.10% Per Annum for Abu Dhabi Commercial Bank Education Loan Amount up to Rs. 4,00,000<\/p>\n

12.10% Per Annum for Abu Dhabi Commercial Bank Education Loan Amount Rs. 400,001 to Rs. 750,000<\/p>\n

12.25% Per Annum for Abu Dhabi Commercial Bank Education Loan Amount above Rs. 750,000<\/p>\n

Abu Dhabi Commercial Bank Student Loan Rate of Interest is Floating or Fixed:<\/strong> Fixed Interest Rate<\/p>\n

Abu Dhabi Commercial Bank Education Loans Minimum Borrowing Amount:<\/strong> Minimum Education Loan Amount is Rs. 50,000<\/p>\n

Abu Dhabi Commercial Bank Education Loans Maximum Borrowing Amount:<\/strong> Maximum Education Loan Amount is Rs. 15,00,000 for studies in India and Rs. 25,00,000 for studies abroad.<\/p>\n

Abu Dhabi Commercial Bank Education Loan Margin Amount:<\/strong><\/p>\n

Minimum 0% Margin of the Education Expenses for Loan up to Rs. 4,00,000<\/p>\n

Minimum 5% Margin of the Education Expenses for Loan above Rs. 4,00,000 for Studies within India<\/p>\n

Minimum 15% Margin of the Education Expenses for Loan above Rs. 4,00,000 for Higher Studies Overseas.<\/p>\n

Abu Dhabi Commercial Bank Education Loan Mode of Loan Amount Disbursal:<\/strong> Direct Credit to the Student’s Educational Institute<\/p>\n

Abu Dhabi Commercial Bank Student Education Loan Processing Fee and Documentation Charges:<\/strong> Nil Fee or Charges<\/p>\n

Minimum Age Limit of Applicants for Getting the Abu Dhabi Commercial Bank Education Loan Sanctioned:<\/strong> Minimum Age 18 Years at the Time of Education Loan Commencement<\/p>\n

Maximum Age Limit of Applicants for Getting the Abu Dhabi Commercial Bank Education Loan Sanctioned:<\/strong> Maximum Age 35 Years for Non-Employed Personnels and 45 Years for Working Employees or Executives at the Time of Education Loan Commencement<\/p>\n

Maximum Tenure for the Abu Dhabi Commercial Bank Student Education Loan:<\/strong><\/p>\n

Maximum Education Loan Tenure is 10 Years for Education Loan up to Rs. 750,000<\/p>\n

Maximum Education Loan Tenure is 15 Years for Education Loan above Rs. 750,000<\/p>\n

Abu Dhabi Commercial Bank Student Education Loan Pre Closure Charges or Prepayment Penalty:<\/strong> Nil Charges or Penalty<\/p>\n

Abu Dhabi Commercial Bank Education Loan EMI Cheque, SI, or ECS Bounce Charges:<\/strong> Rs. 500 plus applicable Service Tax and Surcharge<\/p>\n

Charges for Abu Dhabi Commercial Bank Education Loan EMI Late Payment:<\/strong> Minimum 2% Per Month of the Abu Dhabi Commercial Bank Education Loan EMI Outstanding Amount (Minimum Rs. 500 plus applicable Service Tax and Surcharge)<\/p>\n

Guarantor Requirement for the Abu Dhabi Commercial Bank Education Loan:<\/strong> Guarantor is Required – The parent(s) or guardian of the student needs to be co-applicant(s) of the student loan<\/p>\n

Eligible Courses for the Abu Dhabi Commercial Bank Student Education Loan:<\/strong> Regular career-oriented full-time degree and diploma courses for studies in India and abroad.<\/p>\n

Abu Dhabi Commercial Bank – Deposits and Loans Interest Rates<\/strong><\/a>
\nCurrent Deposits and Loans Interest Rates of Abu Dhabi Commercial Bank<\/p>\n","protected":false},"excerpt":{"rendered":"

Abu Dhabi Commercial Bank has decreased its education loan interest rates by 0.20%, or 20 basis points with effect from Tuesday, November 01, 2016. This interest rate cut will reduce the cost of funds for those people who want to avail education loans for their higher studies.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[269,275,274,47,49],"class_list":["post-483","post","type-post","status-publish","format-standard","hentry","category-banking","tag-abu-dhabi-commercial-bank","tag-abu-dhabi-commercial-bank-education-loan","tag-abu-dhabi-commercial-bank-interest-rates","tag-current-interest-rates","tag-education-loan-interest-rates"],"_links":{"self":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/comments?post=483"}],"version-history":[{"count":0,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/483\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/media?parent=483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/categories?post=483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/tags?post=483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}