Education Loan To Pave The Way For Higher Studies

All About Education Loan


Education Loan To Pave The Way For Higher Studies Education Loan To Pave The Way For Higher Studies

Private Banks offer Education Loans up to Rs 40 lakhs for study outside India. Student Loans are available to pursue courses like MBA, MS, CPA, CIMA, etc offered by different universities and institutes abroad.

When one applies for higher studies, one main thing you consider is the funding. If money is not a factor of tension, then students can easily achieve all of their dreams by studying wherever they want whether it is the United Kingdom, the United states, etc.

Features of student loan:

  1. Interest Rates: Ranges from 9.25 % to 13 % (deposing upon the loan ticket and collateral provided).
  2. Processing Charges: 1.5 % of the overseas Education Loan amount.
  3. Margin: 15 % of the loan amount (in case the loan amount is above Rs 4 lakhs).
  4. Repayment of the Loan: It starts as soon as a student gets a job or after six months after the completion of the course.
  5. Repayment tenure varies between 5 to 7 years.
  6. A person can claim a tax deduction on the interest paid Under Section 80 C.
  7. Student loans are paid on a semester basis.

Leading Education Loan Providers Education Loan To Pave The Way For Higher Studies

  1. SBI Education Loan
  2. HDFC Education Loan
  3. CREDILA Education Loan
  4. AXIS Bank Education Loan
  5. Private Bank Education Loan
  6. Bank Of India Star Education Loan
  7. Punjab National Bank Education Loan
  8. Canara Bank Education Loan
  9. Bank Of Baroda Education Loan

.post-content .tbl-info{border-spacing: 0; border-collapse: collapse; border:1px solid #9a9a9a;}
.post-content .tbl-info th, .post-content .tbl-info td{border-left: 1px solid #9a9a9a; border-top: 1px solid #9a9a9a;
padding: 5px 8px; font-size:16px; text-align: center;}
.post-content .tbl-info th {background: #de1920; border-top: none; color:#fff;}
.post-content .tbl-info th a:hover{color:#fff;}

EMI Calculator SIP Calculator

Disclaimer: The information provided on is collected from public sources and is believed to be accurate and genuine. This site should be used as an information provider for different product offerings of Insurance companies and the visitor should make an independent verification with the Insurance companies to verify the claims made in the policy before making any purchase. The decision to Apply and/or Purchase a policy is at the sole and complete discretion of the website visitor and cannot guarantee or can be held liable for loss or damage caused by claims made by insurance companies through their agents, partners, products, or services, directly or indirectly.

Read Other Related Articles

Banks To Give Education Loans On The Basis Of Placement Records
Finance Your Education With Education Loan
Education Loan Union Budget 2014-15
What Will Go Cheaper and Expensive As Per Budget 2014-15? Transferring Money to India


I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Latest News