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  #1  
January 16th, 2016, 04:50 PM
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Student Loans for Study Abroad

I want to get information about the Education Loan Providers in India to study abroad and Documents required for loan. So here can you provide me information about it?
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  #2  
January 16th, 2016, 05:38 PM
Super Moderator
 
Join Date: Mar 2012
Re: Student Loans for Study Abroad

I would like to tell you about the Education Loan Providers in India to study abroad and Documents required for loan, as you want.

Here I am telling you about it, as you want.

Top Education Loan Providers in India to study abroad on similar terms as that of Allahabad Bank Education Loan are:

J & K Bank

Bank of Maharashtra

Bank of Baroda

Central Bank of India

ICICI Bank

Union Bank of India

Bank of India



HDFC Bank
Education loans up to Rs. 20 lacs and unsecured lending up to Rs. 7.5 lacs are provided.

No collateral is required for loans up to Rs. 7.5 lacs.

The maximum repayment tenure is up to 15 years post moratorium period.


Expenses Covered under Education Loan by IDBI Bank:
Fee payable to college / school / hostel

Examination / Library / Laboratory fee

Any other expense required to complete the course - like study tours, project work, thesis, etc.

Insurance premium for student borrower, if insurance cover sought

Purchase of books / equipments / instruments / uniforms

Caution deposit / building fund / refundable deposit supported by Institution bills / receipts

Travel expenses / passage money for studies abroad

Purchase of computers - essential for completion of the course

Documents Required
Study Abroad
Mark sheet for last qualifying examination for school and graduate studies in India

Proof of admission to the course

Income Tax assessment order not older than two years

Brief statement of Borrowers Assets and Liabilities

Schedule of expenses for the course

Copy of letter confirming scholarship, if any

Copy of Foreign Exchange permit ( if available)

Two passport size photographs

Statement of borrowers bank account for last six months

If not a customer of the lending bank provide proof of identity and residence

Study in India
SSC,HSC or Graduation mark sheets whatever is applicable

Residence Proof

Application Form and Photographs

Income Documents of parents/guardian

KYC

Age Proof

Signature Proof

Identity Proof

Collaterals in the form of FDs / Immovable Property

Given below is a list of few other Education Loan Providers in India to study abroad.
Cosmos Bank
Andhra Bank
Punjab & Sind Bank
Oriental Bank of Commerce
Tamilnad Mercantile Bank
Lakshmi Vilas Bank
DCB Bank
Abhyudaya Co-Operative Bank Ltd
Karur Vysya Bank
Vijaya Bank
United Bank of India
State Bank of Hyderabad
Indian Bank


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