education loan

education loan

Education loan in India – Loan policies of Indian banks: Gone are those days when professional education was only the apple of landlords, money lenders and babus. If the dream of admission in your favourite college looks distant because of hefty fees then banks are there to help you.

Getting an education loan is not very difficult if you have documents in place. The most common documents required by all banks for education loan are :
  • Proof of Identity
  • Proof of Income
  • Proof of residence
  • Guarantor
  • Other documents that include Copy of admission letter of the Institute along with Fees schedule, mark sheets / pass certificates of S.S.C, H.S.C , Degree courses
  • Some banks may ask you provisional admission letter

 

Students from economically weaker sections (Those with an annual family income up to Rs. 4.5 lakhs) are eligible for full interest subsidy during the moratorium period. If you receive a scholarships, it will be taken into account for calculating the margin money. Banks generally asks 5% as margin money. Some banks also provide subsidy to girl candidate. The repayment starts only after six months to one year after getting a job.

Education loan in India – Loan policies all of Indian banks

Bank of Baroda:  Information on loan 
Bank of Maharashtra: Information on loan scheme
Canara Bank: Information on loan 
Catholic Syrian BankInformation on edu loan 
Central Bank of India:Information on loan scheme
Corporation Bank:  Information on loan
Federal Bank: Education loan policy
Indian Bank: Information on loan 
Indian Overseas Bank: Information on loan
Karnataka BankEducation loan policy
Kotak Mahindra Bank: Education loan Scheme 
Lakshmi vilas bank: Education loan policy
Oriental bank of Commerce : Information on loan scheme

Panjab and Sindh Bank: Information on loan scheme
Panjab National Bank: Information on loan 
Panjab National Bank: Information on loan scheme
State Bank of India: Information on loan scheme
State Bank of Bikaner and Jaipur: Information on loan scheme
State Bank of Hyderabad: Information on loan 
State Bank of Indore: Information on loan scheme
State Bank of Mysore: Information on loan scheme
State Bank of Travancore: Information on education loan 
Syndicate Bank : Information on loan scheme
The Nainital Bank: Education loan policy
Union Bank of India: Information on loan scheme
Education loan in India – Loan policies of all Indian banks
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