Education and Career Forum

Hello sir, I want to take admission in MBA in Hospitality at Amity Institute of Travel and Tourism but because of my family background I need to take education loan. I want education loan up to 2 lakh. Please tell me which bank is good to take loan as per rate of interest?

The list of banks which offer education loan is attached below for your kind reference. The terms and conditions of education loan scheme is more or less similar in all banks. Hence it is recommended to opt for education loan from a bank with which you/your family has good contact or is near to your residence. Opting for public sector banks is a better option as there are many subsidies given by government from time to time. SBI charges lowest rate of interest but has strictest terms and conditions. So, approach banks which is near your residence and then take decision.

State Bank of India will be the best bank from where you can get your loan sanctioned for MBA in Hospitality. You need to have following documents for applying for education loan:

>>Approval letter of institute form bodies like AICTE, UGC etc.

>>Education loan letter.

>>Academic marksheets.

>>Income certificate of your parents.

>>Pan card.

>>Proof of address and residence etc.

You can apply for loan at official website of loan portal which is https://www.vidyalakshmi.co.in/Students/. Within given time interval, bank will respond you regarding how much loan can be sanctioned at what rate of interest. SBI issues loan very quick if your documents are proper.

There are many banks from which you can seek education loan for amount of two lacs. Interest rate on loan is very similar in all banks.

List of banks:

*State Bank of India and its associated.

*Central Bank of India.

*Punjab National Bank.

*UCO Bank.

*Syndicate bank etc.

State Bank of India or Syndicate bank is better option for taking education loan.