Why are the educational loan interest rates in India high at 10% ?

Answers:1   |   LastUpdateAt:2012-10-25 19:23:02  

Question
Abbyy
Asked at 2012-09-09 18:35:04
Hello , I would like to know why are interest rates of student loans in India , 10% or more , while mortgage loans and car loans are much cheaper ? Does the Government of India or the RBI or who makes these rules does not want students to continue their education or is there a logical reason ? As far as I am aware of the factors contributing to inflation seems different loans one.any educational information appreciated. Thank you.
Answer1shishAnswered at 2012-10-25 19:22:42
It is about 10 % simple interest until the beginning of the return . After that it becomes compounded . MedlinePlus The interest rate varies slightly from one bank to
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