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  #1  
January 12th, 2016, 03:38 PM
Unregistered
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Apply For Education Loan

I want to apply for Education Loan, but I do not have information about the loan limit as well as Eligible Courses and Name of Bank along with Rate of Interest. So here can you provide me information about it?
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  #2  
January 12th, 2016, 03:39 PM
Super Moderator
 
Join Date: Mar 2012
Re: Apply For Education Loan

If you want to apply for Education Loan, but I do not have information about the loan limit as well as Eligible Courses and Name of Bank along with Rate of Interest, then here I am telling you about it as you want.


Here you did not mention proper name of bank, so here I am telling you about it, according to me for you;
Education Loan for Indian Education
Get up to Rs. 10, 00,000 as a study loan.

It’s a zero-hassles student loan with minimal processing.

Enjoy attractive interest rates.

Avail flexible education loan package with multiple options of collaterals, tenure & repayment.


Education Loan for Foreign Education

Avail up to 100% finance for international education loan.

Get flexible loan terms for co-applicants, repayment, and EMI.

Receive preferential interest rates for top-ranking universities/ institutes.

It has light documentation and low processing hassles.



Tenure of the loan (Education Loans For Indian Education)?

The maximum repayment tenures are as below:

For loans up to Rs. 7.50 lacs – up to 10 years
For loans above Rs. 7.50 lacs – up to 15 years


Indian Bank Education Loan
Eligible Courses
UG and PG courses in -

1. Engineering
2. Medical
3. Para Medical
4. Agriculture
5. Veterinary
6. Law
7. Dental
8. Management
9. Computer Science
PG Diploma Courses approved by
AICTE/UGC


Non-Eligible Courses
Courses pursued abroad or without completing Class XII.
Non-Professional and Non-Technical UG and PG courses in
• Arts
• Science
• Commerce
• Sociology
• Music
Diploma Courses
Teacher Training Courses
Skill Development
Vocational Training courses

Name of Bank
Rate of Interest

Central Bank of India
9.75% - 11.75%

Bank of Baroda
9.65% - 12.15%

United Bank of India
9.65% - 13.25%

IDBI Bank
9.75% - 13.25%

Bank of Maharashtra
10.95% - 12.20%

Canara Bank
11.15% - 11.65%

State Bank of India
11.45% - 13.45%

Allahabad Bank
10.70% - 11.2%

Punjab National Bank
10.60% - 12.60%


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