Education Loan

Eligibility of a student:

Expenses considered for loan:

Quantum of Finance:

Margin:

Up to INR 4 Lakh – Nil

Above INR 4 Lakh – INDIA – 5% || Abroad – 15%

Security:

Repayment:

Repayment of the loan will be in equated monthly installments (EMI’s) for period as under:

For Loan up to INR 7.5 Lakh –     10 years

For Loan above INR 7.5 Lakh – 15 years

Upfront or Processing Fee:

For abroad studies: Depends on bank to bank .1 % with minimum of INR 2000 to INR 10,000/-(refundable on dispersement of loan amount)

Below are the important links of some of the Nationalized and Financial service non-banking sectors, offers Education Loans for Foreign Studies :