Education loans provided by banks for higher study
Posted January 30th, 2009 by admin No Comments »
Education Loans Provided By Banks
Education loan is given by various banks to students who want to go for higher studies. Various institutes and colleges have tied up with some of the banks for the benefit of student. In India you will get loans upto Rs. 7,50,000.
Some banks will issue loan to students at lower rate of interest. Interest rates are different from bank to bank. A student who want to go for higher study and to require loan from bank, he must collect information about banks, rate of interest, how much loan he or she want, which is good bank for loan etc. Student must read all the details relating to education loan which provided by a particular bank.
Security of the loan depends on amount of loan. If you have taken big amount then you have to provide more security with bank. Security is in the form of property, house, bank deposit etc. Some banks are asked third party guarantee instead of security for higher amount. You have to repayment of loan only after you complete your study. You must repay loan within time period. Following banks are provided education loan for higher studies:
Allahabad Bank, Andhra Bank, Axis Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, Federal Bank, HDFC Bank, HSBC Bank, IDBI Bank, Indian Bank, Indian Overseas Bank, Karur Vyasya Bank, Punjab National Bank, State Bank of India, Uco Bank, Union Bank of India, Vijya Bank etc.