#1
February 3rd, 2016, 06:33 PM
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How to get education loan for study abroad
I want to do MBA from abroad so for it I have no sufficient money in my account so asking for education loan , so can you plz tell me process and requirement to get a education loan ??
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#2
February 3rd, 2016, 06:34 PM
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Re: How to get education loan for study abroad
As you want to get load for education , then here I want to tell you can apply for education loan in any bank , at persant each bank provide facility of education loan but you need to campare interest rate of loan first like : Bank of Baroda offers loans of up to Rs 20 lakhs with a rate of interest per annum of 12% for loans above Rs 4 lakhs. Canara Bank offers up to Rs 20 lakhs with a rate of interest per annum of 12% for loans between Rs 4 and 7.5 lakhs and 9.5% for loans greater than Rs 7.5 lakhs. Axis Bank offers up to Rs 20 lakhs and its rate of interest per annum ranges from 13.75% to 15.75%. Credila (of the HDFC Bank Company) offers up to Rs 20 lakhs and its rate of interest per annum is 13.5%. ICICI Bank offers up to Rs 20 lakhs and has an annual interest rate of 15%. Indian Overseas Bank offers up to Rs 40 lakhs and charges an annual interest rate of 15%. State Bank of India offers up to Rs 30 lakhs with an annual interest rate of 13.75% for amounts between Rs 4 – 7.5 lakhs and 11.75% for amounts above Rs 7.5 lakhs. Here I am telling you requirement document for apply education loan : Identity Proof: Driving license Passport Pan card Voter's identity card A signed verification letter from a recognized public authority or public servant for your identity and residence. Aadhar card Address Proof: Passport Bank account statement Ration card Aadhar card Voter’s ID card Telephone bill/ water bill/ electricity bill Allotment letter issued by a government department Signature Proof: The banker’s signature verification Driving license PAN card Passport copy |