Hello friends, how are you welcome, my website Thebalanceguide.net so friend today we will tell you about Best Bank For Education loan in this article which will be very helpful for you. Friend these days, every person’s wish to study abroad, but they do not have that much budget. That is why they resort to loans. So we will tell you about many such bank in this article which will provide loan for you to study abroad, so let’s start reading this article.
Best education loans providers Bank in India
01 : State Bank of India
State Bank of India provides term loans to Indian students who wish to pursue higher education abroad. SBI offers all job-oriented technical and professional undergraduate and postgraduate degree courses such as MBA, MCA, MS, further education, diploma courses in reputed institutions and the Chartered Institute of Management Accountants ( Courses trained by the CIMA). For, London and Certified Public Accountants (CPA), USA. Education loans provided by State Bank of India India include tuition fees, examinations, laboratory and library fees, caution deposits, cost of books and equipment, travel expenses and other necessary expenses. Loan amount provided is a maximum of Rs. 30 lakhs, with collateral security, only Rs. The above loan is required only. 7.5 lakh. Loan margin requirement is 15% for SBI Education loan borrower. SBI offers a fixed period, during which full interest can be repaid, so that when the actual loan term begins, the monthly installment can only be a principal amount. Orrow borrowers will have to start paying the education loan one year after completing the course and the tenure can be extended up to 15 years. At the current base rate of SBI, the interest rate paid on education loans will be up to 2%. When applying for a State Bank b India Education Loan, the education or borrower is required to submit the admit card, loan application form, course cost details, co-applicant details and other required KYC documents.
02 : Axis Bank
Axis Bank offers education loans at competitive interest rates to Indian students looking to study abroad. Students can apply for technical or vocational courses, career-oriented courses, etc. and get an education loan from xChis Bank with no hassle-free process. Axis Bank has a maximum of Rs. 20 lakhs which covers hostel fees, tuition fees, book cost etc. The minimum loan amount is Rs. There are 50,000. Margin is not required for loan amount less than Rs. 4 lakhs, but more than 15% has been brought by the borrower for a loan of more than Rs. 4 million. Subject to submission of documents by Axis Bank, Education Loan is approved within fifteen working days. As a co-applicant a parent or guardian is required, third-party guarantees or collateral security are asked for special cases. Axis Bank can obtain LIC policy for 100% loan amount on a case-by-case basis. The Education Loan will be distributed directly to the institution from which the borrower has access. Axis Bank does not charge any processing fees or prepayment fees for education orrow borrowers. Axis Bank Education loan interest rates range from 16.50% to 17.50% with special rates for female applicants.
03 : HDFC Bank
HDFC Bank offers education loans to reputed universities with flexible repayment periods and preferential rates. Customers can get an education loan at their home for more than 950 courses in 36 countries around the world. HDFC Bank offers up to 100% educational loan with no loan margin required. The maximum loan amount allowed by HDFC Bank is Rs. 20 million. An HDFC Bank Education Loan can be obtained and to avoid last-minute problems before a student enters university. Oro borrowers can enjoy flexible security collateral and co-applicant options from HDFC Bank. Applicants from various cities of India can be selected when applying for education with HDFC Bank. Indian residents between the ages of 16 to 35 are eligible to apply for an education loan. The co-applicant can be any member of the family such as parents, siblings, in-laws, uncles or aunts, who is compulsory for full-time courses. The processing fee charged by HDFC Bank for an education loan is 1.5% of the loan amount, with no prepayment fee for the loan.
04 : Punjab National Bank
Punjab National Bank offers a “PNB Park” Education Loan Scheme for students looking to study abroad. Students who have purchased admission for undergraduate, postgraduate courses. Students must have secured admission to foreign premier institutions, including diplomas, job-oriented vocational and technical courses, CIMA / CPA courses, and so on. The PNB Education Loan includes university fees, travel, exam fees, laboratory fees, library fees, book / instrument fees and other related expenses. Indian nationals who have got admission through qualification or entrance examination are eligible to apply for Punjab National Bank Education Loan. Loan margin requirement of 15% or Rs. 4 million. An education loan of Rs. 4 lakhs, no loan margin required. Assistance and scholarships can be added to the loan margin. PNB offers the base rate as the interest rate on loans taken to advance education at the top 200 universities worldwide. For other types of applicants, PNB Takes an interest rate that is a fixed percentage of the total at the base rate. There is a period of up to a year for which no prepayment fee is charged by PNB. Orrow borrowers have a clear processing fee of 1%. PNB The term loan option available to education loan holders is up to 15 years.
05 : Canara Bank
Best Bank For Education loan Customers can get an education loan from Canara Bank to study abroad for qualified vocational and technical courses, undergraduate and postgraduate courses that promise employment opportunities. Admission should be obtained only in accredited educational institutions. The Canara Bank Education Loan includes university fees, travel, exam fees, laboratory fees, library fees, book / instrument fees and other related expenses. With a loan margin requirement of 15% or Rs. 4 million. The maximum loan amount allowed by Canara Bank is Rs. 20 million. The selected payment period can be up to 10 years. 7.5 lakh and up to 15 years loan is Rs. 7.5 lakh. There is no need for security for loan amount less than Rs. 4 lakh and third party guarantee Rs. 4 lakh and Rs. 7.5 lakh. To get an education loan with a co-borrower and Rs. The above loan will require 100% collateral security. 7.5 lakh. Education loans can be obtained from the Canara Bank branch near the parent or guardian’s permanent address.
06 : IDBI Bank
IDBI Bank Education Loans are given to students going to higher studies abroad and are eligible to use the entrance examination or merit based selection process. Students enrolling in vocational and technical undergraduate courses, postgraduate courses, diplomas and CPA / CIMA courses are eligible to receive an education loan from IDBI Bank. The IDBI Bank Education Loan includes University fees, travel, exam fees, laboratory fees, library fees, computer costs, book / equipment fees and other related expenses. IDBI imposes sanctions as per the requirement of the bank or borrower, who has no less security requirements than the loan. 4 million. The maximum loan amount allowed by IDBI Bank is Rs. 20 million. The payment period chosen for the loan can be up to 10 years. 7.5 lakh for loans up to 15 years and for 15 years. 7.5 lakh. Rs. 4 lakh and Rs. 7.5 lakh. Have to get an educational loan with a co-borrower and get Rs. Rs. The above loan will require 100% collateral security. 7.5 lakh. Customers can transfer the remaining amount from existing loan accounts to the new IDBI Education Loan Account.
07 : Bank of Baroda
Indian students applying for professional and technical courses abroad can get an education loan from Bank Bar F Baroda under the “Baroda Scholar” scheme. Admission to accredited courses at reputed foreign universities is accredited by the Bank Bar Bar Baroda. The maximum loan amount allowed by Bank Bar Bar Baroda is Rs. 20 lakhs, 15% with loan margin requirement. Orrow borrowers may also receive one year or six months’ leave or postponement, whichever is earlier. The customer will get Rs. Education loan up to Rs. 5, Education loan up to Rs 7.5 lakh is taken within 120 months. 7.5 lakhs within 180 months. No loan is required for less than Rs. There should be a third party guarantee for a loan of Rs 4 lakh. 4 lakh and Rs. 7.5 lakh and loans require tangible collateral security. 7.5 lakh. BOB Education loan holders have to pay simple interest only during the term and women applicants can get a discount of 0.50% on the interest rate. Bank Bar Baroda will pay a 2% penalty for late payment, if the loan amount is Rs. Is greater than 4 million.
08 : Avanse Financial Services
The Avance Study Loan can be obtained to study at more than 1600 foreign universities around the world. For the convenience of Orrow borrowers, Avens offers pre-visa distribution loans, fast track loans, pre-entry loans and funds availability certificates. Indian citizens can avail of the Avans Education Loan with a co-borrower to run undergraduate and postgraduate courses at prominent institutions. KVC documents, course fees and statements, collateral documents, income documents, etc. will have to be submitted when Av Borrowers get Avish Education Loan. The minimum loan amount allowed for foreign education is Rs. 1, 00,000 Awans Education Loan includes tuition fees, travel, living expenses, books / equipment fees and other related expenses, with a maximum limit as per the requirements of the borrower. No margin is required and the loan can be extended from 12 months to 120 months. The leave period is 6 months after the completion of the course or three months after employment. According to the loan amount, the security requirement will be determined by Avance.
Best Bank For Education loan India : video
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