Since 2008 every Indian Bank has started education loan for students. A student education loan is provided by the bank to the students so that it become helpful for the students who are unable to give college tuition fees, buy books, equipment like computers and other living expenses. After completion of the education courses they need to repay the loan with some interest added with loan amount.
List of Indian banks that will give you Education loan:
(1) Bank of India
(2) State Bank of India
(3) United Bank of India
(4) Bank of Baroda
Eligibility criteria to get education loan from Banks:
(1) Student must pursue any technical/professional course through entrance test.
(2) Guarantor may be required if when you are taking above amount of Rs 4 lakh.
(3) You have to show admission certificate to the bank.
(4) Last but the most important thing is that you must be an Indian.
Important links:
For more details regarding education loan interest visit the following links of the banks.
(a) Bank of India
(d) Bank of Baroda
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