Dear Users,
Most of the banks in India offer attractive Education loan to students for the higher studies. Student seeking admission for Graduation, Post Graduation and other course from U.G.C or Govt. Recognized institutions can apply for these loans.

The educational loan not only covers college, school fees, hostel fee, books charges, library charges, purchase of computers but also covers travels expenses for international education.

We have some basic guiltiness or suggestions if you are applying for Education Loan

• Don’t run behind lower interest as some of the banks provide low interest rate but takes longer time to processing period.
• Make sure that you have the entire document authentic and ready with you required for banking process.
• Don’t just go to any one bank and apply, try to get more options and select the best deal for you.
• Carefully read the entire bank document as terms and conditions, repayment policy etc.
• The maximum amount of educational loan provided for studying in India is around 10lacs to 15lacs and for education through foreign universities, banks provide up to Rs 20lakh.
• The loan amount is decided according to the student’s course type and the family’s annual income. Many banks provide loans with lower interest rate to female students.
• Most Indian banks have the interest rate ranging between 8.5% at the low end to 14% at the high end. So look out the interest rate charged by different banks. Make comparison and select which suits you best. Also look out for the associate charges in addition to the disclosed interest rate.