Escolar Documentos
Profissional Documentos
Cultura Documentos
And ensuring to pay the rate of interest (which is generally around 14%) on the loan accrued or it leads
to penalty interests
Education Loan Providers Instituts (Banks) in India:Education Loan which is unlike other loans is meant to exclusively cover the exorbitant tuition fees of
courses both domestic and abroad. The minimum loan granted by a bank for courses abroad is 15 Lakhs
while for domestic courses the maximum is 10 Lakhs.
Here is the list of Education Loan Providers Institutes (Banks) in IndiaSBI- State Bank Of India under its banner of Student Loan Scheme offers loan facilities manifolds as it
extends to no- margin limit in case of loans extension. As education loan is generally levied on courses
which are technical in nature in opposition to the Liberal Arts, SBI provides uptoan 30 Lakhs in one go, if
you get a green flag from them. For female applicants, theres a waiver of 0.50% in rate of interest.
HDFC Credila An extension of HDFC especially created to meet the needs of students pursuing
programs abroad and dispenses anywhere between (1,00000-20,00,000) Lakhs.It covers living,
accommodation and other expenses such as travel facilitating you with an economy class.
Axis Bank- facilitates loans for employment inductive courses like medicine, engineering computer
science and fetches you anywhere between (400,000- 20,00,000)Lakhs. They have a rigorous follow-up
for documents and provide waiver on education loans for girls.
Punjab National Bank- The bank allows for financial assistance of meritorious Indian students seeking
technical courses abroad. The loan ranges from 7.5-20,00,000 Lakhs. For loans above 7.5 lakhs, the
repayment period is made to be 10 years while for loans above 7.5 lakhs, the period is 15 years.
Educational Loan Provider Institutes in India:Global Student Loan Corporation- An agency which works with an international network of students to
allow for easy loans with divided responsibilities of sharers of loan. The loan could be the whole amount
of the program minus the aid, if any . As it says its the only comprehensive education loan for
international and distance Learning students which do not require a co-signor from the host country.
International Student Loan program- This organization aims to fund the entire tuition fee minus aid if
any but restricts to giving credit only for the purposes of education in US nad hence requires a co-signor
for the same to cover the other substantial expenses of living, accommodation etc.
Avanse Financial services- An educational financing company borne out of the need to provide
Education loan in India students seeking programs abroad. The minimum credit limit is 1, 00,000
however, the maximum extends to the entire fee of the program as well as living expenses minus
financial, if any.
Source: http://www.avanse.com/education-loan