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List of Financial Institutions Which Provide

Education Loans in India

Why You Need Education Loan?


Education Loans in India- When you dream of studying abroad, one of the major problems in cementing
your place within your desired institute or college is Money! When your tuition generally ranges from
30,000 USD to 25,000 Euros or 20,000 AUD in USA, UK and Australia respectively, theres a far greater
battle in paying up for the same if you are not backed by any significant scholarships. We here answer
your list of Education Loan providers Banks.
List of Financial Institutions Which Provide Education Loans In India:Here we give you a list of Education Loan Providers in India which cater specifically to meet your needs
to study abroad. Before we harp on here, you should know that there are different comprehensive rules
and regulation for availing the loan for professional and non-professional courses.
Ticking off the pre-markers before availing Education Loans in IndiaYour sought out program should be employment friendly,
Your (familys) financial standing for good credit worthiness and

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

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