Education Loan Mysore

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Rates as low as 9.33%
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Study in India / Abroad
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Education Loan Mysore

Education Loan Mysore

Every child needs a quality education in order to lead a successful life. Unfortunately, such education comes at a cost that not everyone can afford. This is where education loans come into play. Mysore, one of the cities of Karnataka is home to various opportunities for students in and around the city. Considering the high education rates today, getting an education loan has now become necessary. To assist students’ needs almost all major banks and NBFCs operating in the city provide education loan Mysore to the students at reasonable interest rates.

Major Education Loan Providers in Mysore

Education Loan Criteria SBI Education Loan HDFC Education Loan Axis Education Loan
Interest Rate 7.45% – 9.55% 9.50% – 13.3% 8.55% – 10.5%
Loan Amount Up to 1.5 crore Up to 20 Lakh Up to 40 Lakh
Tenure Up to 15 Years Up to 15 Years Up to 15 Years
Processing Fee Up to 2.0% Up to 1.0% Up to 15k
Loan for Abroad Studies Yes Yes Yes
Online Approval Yes Yes Yes
Apply Apply Now Apply Now Apply Now

Top Institutes for Education Loan Mysore

Types of Colleges in Mysore

  • Engineering college
  • Biotechnology college
  • Medical college
  • Pharmacy college
  • Management college
  • Architecture college
  • Law college
  • Science, Commerce, and Arts college
  • Physical education college
  • B.ED college

Top 10 Colleges in Mysore

  • Farooqia Dental College
  • University Of Mysore
  • Farooqia College Of Pharmacy
  • Central Food Technological Research Institute
  • Agriculture And Food Management Institute
  • The National Institute Of Engineering
  • Sbrr Mahajana Law College
  • Sri Jayachamarajendra College Of Engineering
  • Sdm Institute For Management Development
  • Vidyavardhaka Law College

Top 10 Universities in Mysore

  • University of Mysore
  • JSS Academy of Higher Education and Research
  • JSS Science and Technology University
  • KSGH Music and Performing Arts University
  • Mysore Medical College
  • Karnataka State Open University
  • Yuvaraja’s College
  • Maharaja’s College
  • National Institute of Engineering
  • St. Philomena’s College

Courses Offered

Courses Offered
B.Sc M.Sc
B.Com M.Com
B.E, B.Tech M.E, M.Tech
B.Pharm. M.Pharm.
BHM PG Diploma in Hotel Management
B.Arch M.Arch

Types of Expenses covered by Education Loan Mysore

Expenses Covered Courses Covered
Studying in India Studying Abroad
  • Admission acceptance fee
  • Insurance premium for the borrower
  • Hostel or mess charges
  • Entire tuition fee
  • Library and laboratory fees
  • Examination fees
  • Accommodation cost, if there is any
  • Expenses in relation to study tours, thesis, project work etc. till the course completion
  • Books, equipment, and instrument cost
  • Cost of laptop or computer, if required for the course
  • Professional/technical/regular diploma/degree/Graduation/Post-Graduation courses from UGC/AICTE/IMC/ICMS/AIBMS/ICMR/Govt. approved institute or IIT/IIM, IISC/NIFT/XLRI etc.
  • Engineering, Aeronautical, Medical, Veterinary, Dental, Law, Computer, Management, teacher training, nursing courses etc.
  • Courses such as CA, CFA, ICWA
  • Professional/Job-centric/technical/diploma/degree/Graduation/Post-graduation courses such as MBA/MCA/MS etc.
  • Courses from CIMA UK, CPA in the USA etc.

Documents Required for Education Loan Mysore

  • Complete Education Loan Mysore application form required.
  • Previous examination or academic performance mark sheet to be submitted.
  • Proof of admission from the concerned college, any scholarship provided, studentship, fee structure, etc. to be submitted.
  • List of expenses essential for completion of the course.
  • 2 passport size photographs.
  • PAN Card of both the student and the Parents/ Guardian.
  • Statement of the bank of the borrower or co-applicant for the last six months.
  • Income tax Returns/ IT assessment order, of the previous 2 yrs in case of an IT Payee.
  • Statement of the assets and liabilities of the borrower/ co-applicant.
  • Statement of Income (i.e. Salary slips/ Form 16)
  • In case of a loan amount greater than 7.5 lakh, collateral security is to be submitted.
  • Co-applicants are required for the procedure of loan.


Education loan MysoreHow to Apply for Education Loan Mysore

Availing of an education loan can be tricky because of the various rates offered by banks. Thus, it is important to check and analyze all the existing rates in the market. DialaBank does that job for you. The advantages of considering DialaBank before taking an education loan Mysore are:

  • No extra fees are charged from our customers.
  • Get advice and guidance from the experts within no time.
  • Hassle-free experience.
  • The Loan gets disbursed in no time.

Applying for an education loan in Mysore is easy with DialaBank. The steps that need to be followed while applying online are as follows: