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  #1  
January 14th, 2016, 10:18 AM
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Study Abroad Student Loans

I want to get information about the Top Education Loan Providers in India for Study at Abroad and Required Documents. So here can you provide me information about it?
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  #2  
January 14th, 2016, 10:33 AM
Super Moderator
 
Join Date: Mar 2012
Re: Study Abroad Student Loans

I have knowledge about the Top Education Loan Providers in India for Study at Abroad and Required Documents. So here I am telling you about it as you want.

Here I am providing you information about it, as you want;

Some Top Education Loan Providers in India to study abroad on similar terms as that of Allahabad Bank Education Loan are:
ICICI Bank
Central Bank of India
Bank of India
Union Bank of India
J & K Bank
Bank of Maharashtra
Bank of Baroda


HDFC Bank
The features of the HDFC Bank Education Loan for Foreign Education are:

Education loans up to Rs. 20 lack and unsecured lending up to Rs. 7.5 lack are provided.

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

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

Purchase of computers - essential for completion of the course

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

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



Given below is a list of few other Education Loan Providers in India to study abroad.
Andhra Bank

Punjab & Sind Bank

Vijaya Bank

United Bank of India

Cosmos Bank

Lakshmi Vilas Bank

DCB Bank

State Bank of Hyderabad

Indian Bank

Oriental Bank of Commerce

Tamilnad Mercantile Bank

Abhyudaya Co-Operative Bank Ltd

Karur Vysya Bank


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

Proof of admission to the course

Statement of borrowers bank account for last six months

Income Tax assessment order not older than two years

Brief statement of Borrowers Assets and Liabilities

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

Schedule of expenses for the course

Copy of letter confirming scholarship, if any

Copy of Foreign Exchange permit ( if available)

Two passport size photographs

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

KYC

Age Proof

Income Documents of parents/guardian


Collaterals in the form of FDs / Immovable Property

Signature Proof

Identity Proof

Residence Proof

Application Form and Photographs


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