Education and Career Forum

Hello sir, I Have completed graduation and now want to study LLB course. Please tell me which bank is beneficial to apply for an education loan and conditions for it?

If possible apply for education loan at any PSU bank, it will help you to get all the benefits announced by government, if you are eligible for it. Also, interest rates are lower at PSU banks.

There are many schemes announced by government like interest subsidy on education loan, which can be availed by you in case you fulfill eligibility.

Public Sector Banks are the best banks from where you can get education loan. Among Public Sector Banks, State Bank of India is the best bank which sanction education loan quickly and with low interest rate for professional courses like Bachelor of Law.

You need to submit all required documents for quick sanction of education loan. Some of the most essential documents required for sanction of education loan:

1. You must obtain education loan letter from your concerned institute which contains details of fee structure.

2. Proof of address.

3. PAN card details of both parents and candidate.

4. Income tax return of your parents.

If you want education loan of more than 4.5 lacs, you will need to have guarantor for education loan. For loans of above 10 lacs, mortgage of property is required.