Education Loan: Overview
Ever fancy your son attending the Harvard
business school? Or, you, young lady, want to fly an aircraft? Perhaps, you have
the admission letter from your dream university across seven seas; you now only
need the dough...
If the obstacle is cash, an education loan is the answer. The icing on this cake is that such education loans not only cover the cost of the tuition fee but also almost all the expenses involved in the pursuit of academics. You just need a set of eminently gettable documents and a guarantor to set yourself on the road to academia.
Education Loan: Interest Rates
Education Loan: Eligibility Criteria
Get Education Loan Offers
A maximum of 5 providers will compete to give you the best rates (Feb 2012)
Bank/Product Name
Interest Rate (% p.a.)
Maximum Loan Tenure
Loan Amount
Margin
Apna Sahakari Bank Ltd - Abroad
11.0
7
12,00,000
NA
HDFC Bank - Abroad
12.0-14.0
7
12,00,000
15%
State Bank of Mysore - Abroad
12.5
7
12,00,000
15%
Central Bank of India - Abroad
12.75
7
12,00,000
15%
Corporation Bank - Abroad
12.75
7
12,00,000
15%
Canara Bank - Abroad
12.75
7
12,00,000
15%
Bank of India - Abroad
13.25
7
12,00,000
15%
United Bank of India - Abroad
13.35
7
12,00,000
NA
Vijaya Bank - Abroad
13.4
7
12,00,000
15%
Syndicate Bank - Abroad
13.5
7
12,00,000
15%
Education Loan: Process
Education Loan: Documents Required
Education Loan: Tax Implications
Decision-making Corner
- EMI Calculator
- Floating or Fixed Interest Rate Calculator
- Personal Loan Eligibility Calculator
- Interest on Rate of Return Calculator