Factors that Affect Central Bank Education Loan

  • Principal- The principal is the Central Bank Education Loan amount that you avail from the lender or banker. It is directly proportional to your all EMIs - lower principal will lower your monthly instalments for Central Bank Education Loan and vice versa.
  • Rate of interest- The rate of interest for Central Bank Education Loan is the rate at which the lender offers you the Central Bank Education Loan. It is also directly proportional to the value of your Central Bank Education Loan EMIs.
  • Tenure- The tenure is the time within which you repay your Central Bank Education Loan. The tenure is inversely proportional to your all other loan EMIs - longer tenure makes the monthly EMI instalments cheaper and vice versa.

 

  • Allahabad Bank