Education Loan Kolkata

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Education Loan Kolkata

Education Loan in Kolkata plays immensely an important role in someone’s career. Many universities and Colleges are awarding prestigious degrees to meritorious and talented students through Education Loans in Kolkata. Education loan kolkata is offered by various banks and financial institutions. These financial platforms offer loans at an interest rate starting from 8%-12%.

Education Loan Kolkata provides a great opportunity for aspiring students in Kolkata to pursue higher education. It helps in bringing Tuition, Accommodation, and other expenses incurred by the colleges in the form of installments. Education Loan offers better interest rates than other loans like personal loans. Moreover, a student has to repay the loan amount in the form of equated monthly installments after having a job.

Education Loan Kolkata Courses Covered

The various courses covered are graduation, post-graduation, any professional, technical, or vocational course with the higher employment possibility accessed by the college or university ranking provided by AICTE, UGC or any other autonomous body like IIM, IIT, AIMS.

Education Loan Kolkata Eligibility Criteria

  1. A Candidate should be an Indian resident.
  2. Age limit varies from 16-35 years depending upon the bank.
  3. In most of the banks collateral security is required for Loan more than 4 lakhs.
  4. The Co-Applicant required for a full-time course should be a parent or a guardian.

Education Loan Kolkata Documents/Security Required

Education Loan form should be filled by the student and the so-applicant.

 Qualifying Entrance Exam scorecard or mark sheet.

Any Scholarship or Assistantship is applicable.

Total Course fee structure provided by the college or university.

An Admission letter is given by the college or the university.

2 passport size photographs of the candidate.

Pan Card of the student and the Parent/Co-Applicant applicable.

Aadhaar Card with address proof of the student and the Parent or Co-Applicant.

Last 6 months bank account statement of the student and parent of the co-applicant.

Age Proof-Aadhaar card, voter id, driving license, or passport.

Income proof- Latest salary slips of the parent/Co-applicant or Form-16

Income Tax Returns of the last two years of parent/co-applicant.

Education Loan Kolkata Interest rate 

Bank Name

Interest Incurred

Maximum Tenure offered

IDBI Bank

9.45% to 12.35%

Maximum Tenure up to 15 years

Allahabad Bank

11.05% to 13.55%

Maximum Tenure-15 years

Axis Bank

13.7% to 15.2%

Tenure varies from 5-15 year s

Bank of Maharashtra

8.75%

Up to 15 years

HDFC Bank

9.20% to 13.34%

Varies from 10-15 years

ICICI Bank

11.50%

7-10 years

Oriental Bank of Commerce

11.15% to 11.40%

Maximum Tenure-15 years

Union Bank of India

10.60% to 11.65%

Maximum Tenure goes up to 15 years

Bank of Baroda

11.25% to 14%

Up to 15 Years

United Bank

10.25% to 10.35%

Up to 15 Years

Education Loan Kolkata Loan Amount

Bank Name

Indian Student

Foreign Student

United Bank

Max–10 lakhs

Max-20 lakhs

Union Bank of India

Max-20 lakhs

Max-30 lakhs

IDBI Bank

Max-20 lakhs

Max-20 lakhs

Allahabad Bank

Max-20 Lakhs

Max-20 Lakhs

Axis Bank

Max-20 Lakhs

Max-40 Lakhs

Bank of Maharashtra

Max-10 Lakhs

Max-20 Lakhs

HDFC Bank

Max-20 Lakhs

Max-20 Lakhs

About Kolkata

Kolkata is the city located in the Indian state of West Bengal which is the capital of West Bengal. It is one of the oldest cities in India and is home to Calcutta Stock Exchange. It is surrounded by Rampur, Tarifa, and Indira Nagar. Kolkata has a primarily tropical wet and dry climate. The economy of Kolkata is mainly dependent on Industries and fishing. Bengali and English are the major speaking languages of Kolkata. Kolkata is situated on the banks of river Hoogly river.The annual mean temperature is 26.8 °C (80.2 °F); monthly mean temperatures are 19–30 °C (66–86 °F). Summers (March–June) are hot and humid, with temperatures in the low 30s Celsius; during dry spells, maximum temperatures often exceed 40 °C (104 °F) in May and June. Winter lasts for roughly two-and-a-half months, with seasonal lows dipping to 9–11 °C (48–52 °F) in December and January. May is the hottest month, with daily temperatures ranging from 27–37 °C (81–99 °F).

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