I have real trust on real time experience and am feeling at the moment in term of Education loan. Before applying for that I think that it is not a big deal getting a loan. Now am feeling the opposite way because the process is making me mad and confused and also the interest rate is vey high though they are telling low.
Also one big newsense is that the bank is throwing away loans to people who are culprits and don’t show mercy on people who are trustabe and honest. One more thing is that we are asking loan for Education for that they are following rules and regulation but for car loans, house loans they wont do like this immediately we will get a loan. I cant understand this senario, if you ask like this means they simply telling that for car and house loan they are having a gaurantee but for education loan whats the gaurantee. Finally comparing to knowlege and Property proprty wins. Nowadays there is no value for knowledge only money money money.
There is a famous song in tamil a old song [Kalviya Selvama Veerama]. By seeing this kind of situation there is no value for education and manliness.

What is the interest rate?
// Also one big newsense is that the bank is throwing away loans to people who are culprits and don’t show mercy on people who are trustabe and honest. //
Why blood. Same blood.
The interest is 7.5 i think but i don’t know exactly dude sorry for the late response..