Home   >>    Loan   >>    Home Loan   >>     Overview
Get Home Loan Offers
A maximum of 5 providers will compete to give you the best rates (Dec 2016)
 
 
 
Yes No    
 

Preferred Banks
  •  Any 5
  •  INDIABULLS
  •  ICICI BANK
  •  HDFC
  •  AXIS BANK
  •  KOTAK BANK
  •  DHFL
  •  STAN CHART
  •  HSBC
  •  CITIBANK
  •  RELIANCE
  •  IDBI BANK

 
 
 
 
 
 

I authorize the website and its partner providers like HDFC Ltd, ICICI Bank, DHFL and other banks/NBFCs to call or SMS me in connection with my application & agree to the Privacy Policy and Terms of use

Banks to offer insurance cover for educational loans

Banks like Andhra Bank and State Bank of Hyderabad will now offer educational loan products with insurance cover to make them more attractive for the customers and safer for themselves.

Apnaloan.com Research Bureau

22 Aug 2007

Banks like Andhra Bank and State Bank of Hyderabad will now offer educational loan products with insurance cover to make them more attractive for the customers and safer for themselves.

The educational loans re-payment schedule may stretch up to nine years and the liability insurance shields the risk. In the event of any tragedy (death or incapacity), the loan repayment will be taken care of by the insurer.

Reports in Hindu Businessline say that Andhra Bank's educational loan portfolio had grown by 34.7 per cent to Rs 953 crore in the first quarter of 2007 compared to Rs 707 crore in the same period in 2006.  The bank has a tie-up with Life Insurance Corporation for the purpose.

Though dependent on the loan amount and repayment schedule, the average premium amount works out to a little over Rs 1,000 per lakh per annum.