Public vs Private  - Education Loan

Check out the details about Public vs Private banks education loan

[{"selector":"#anim-c8bd579b-4fe2-4f6e-b94c-54565c4b7fc7","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a846b6f2-4fbd-46e8-9df5-3ccdaee4c602","keyframes":{"transform":["translate3d(-107.04225%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Payment Period Govt Banks: No such condition Private Banks: Not before completing 6 months

[{"selector":"#anim-a660dfdf-6463-45a6-b7ee-3c4dcf636c54","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5f0508f0-e33c-4d8b-8bbc-c8d3dcda44ee","keyframes":{"transform":["translate3d(-105.95238%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Interest Rate Govt Banks: Any change in repo rate gets a transfer to customer immediately Private Banks: Change in repo rate does not decrease interest rate

[{"selector":"#anim-36b6232d-aa27-4654-8cd0-acabc5e74b93","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e1fa4c5a-1fbb-4164-83d2-6396b449ea43","keyframes":{"transform":["translate3d(-107.01299%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Prepayment Charges Govt Banks: do not charge any levy Private Banks: 2% of the remaining loan amount

[{"selector":"#anim-e88269fb-311b-4300-a966-af856393f98c","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3a06f7e4-805c-4111-aa26-a4421e33fb76","keyframes":{"transform":["translate3d(-107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Processing Fee Govt Banks: 0.5%-1% of the total loan amount Private Banks: 2% of the loan amount

[{"selector":"#anim-6c85d23b-5ccf-4e6a-a6ce-fe7699dea157","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6993136d-381e-4821-8ef0-2ccac63d4c01","keyframes":{"transform":["translate3d(-107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Click here to know more about education loan

[{"selector":"#anim-404d531d-1c20-47b9-85c9-9aaa6c0a6605","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b0878380-8831-4093-80dc-dd0b4c395214","keyframes":{"transform":["translate3d(-107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]