Which banks give education loan easily?
Table of Contents
Which banks give education loan easily?
Banks offering Education Loans and Collaterals Required
| Bank | Loan Amount and Collateral Required |
|---|---|
| HSBC | Loan up to Rs.5 lakhs do not require collateral |
| State Bank of India (SBI) | Domestic Education – Up to Rs.15 lakhs Foreign Education – Up to Rs.20 lakhs For loans up to Rs.7.5 lakhs no collateral is required |
Which government bank is best for education loan?
Top Public Sector Banks Education Loan Interest Rates December 2021
| Public Sector Banks | Education Loan Interest Rates | Tenure |
|---|---|---|
| State Bank of India (SBI) | 6.90\% – 9.30\% | 15 Years |
| Punjab National Bank (PNB) | 6.90\% – 9.55\% | 15 Years |
| Bank of Baroda | 6.85\% – 9.95\% | 15 Years |
| Canara Bank | 7.40\% – 9.40\% | 15 Years |
Which is the best bank to take education loan in India Quora?
As per my analysis STATE BANK OF INDIA is best bank for educational loan. Government banks like State bank of india, Bank of India have less interest rate than private banks. Education Loan amount can be used for a variety of purposes, covering all aspects of needs that a student might have with respect to his studies.
Is Axis Bank good for education loan?
And here’s where an education loan serves as a great aid. Axis Bank India offers education loans at attractive interest rates for a loan amount ranging from Rs 50,000 to Rs 75 lakh. The education loan is available for career-oriented course such like medicine, engineering, management, etc.
Which bank offers lowest interest on education loan Quora?
Mostly public banks offer competitive interest rates on your education loan. Although the State Bank of India offers the lowest interest rate as compared to other private banks and NBFCs.
Which is the best bank for education loan in India 2021?
First, let’s check the 11 best banks for education loan in India 2021. #1. HDFC Bank Education Loan Maximum Loan Limit: Rs. 20 Lakhs and above. HDFC Bank grants education loans to study in India and abroad. The maximum loan amount for studying in India is limited to Rs. 20 Lakhs.
What is the Union Bank of India education loan?
The Union Bank of India Education Loan is designed for all those students who want to pursue higher education: graduation, technical education, professional course, management course, etc. in India or abroad. The following table will give you the details about the same.
Which banks in India do not charge processing fee for education loan?
The proof documents are the last three years IT returns, a copy of CA certificate, sale deed of immovable properties, FD and NSC receipt, Bonds or Demat statement. ” #3. Union Bank of India Education Loan Union Bank does not charge any processing fee from Indian students for education loans irrespective of the loan amount.
How to apply for an education loan in India?
Education Loan Eligibility: Listed herein are the basic requirements that qualify your application for an education loan, The applicant must be a resident Indian. He/she must have secured admission into a recognized course of study, in India or abroad, through an entrance test or other such qualification procedure.