2023 2024 EduVark > Education Discussion > General Discussion


  #2  
February 3rd, 2016, 06:34 PM
Super Moderator
 
Join Date: Mar 2012
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


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