Educational loan Details
Must be a Indian,
- Age 18-35
- All courses Engineering, Medicine, Arts & Science UG & PG students can Apply Educational loan
Procedure :
- Application download or Online Apply, Bank Procedure,Attach necessary documents
Documents :
- Allotment order(G.Quota),TC,Ration Card,Aadhar,
- First Graduate if they need,Income Certificate ,Marksheets.
- Institutions( Colleges) must be recoginsed by Central or State government.
Loan Limit:
Maximum limit without collateral .Public bank : 7.5 lakhs,Private Bank : 40lakhs
- With collateral : Public bank 75 lakhs, Private bank : 1.5 crores (Overseas education)
- Rate of interest 8.15% to 15.00% P.Annum
- Using IIT, IIMs Score Cards students can Apply Educational Loan – Student Can repay the loan after 6 months of course completion and upto 15 years repayments is allowed.