Education and Career Forum

Hello Sir, I am planning to visit USA for study MBA course. I am also preparing for GMAT, TOEFL and IELTS. My people said that the cost of expenses there is above 15 Lacs. So, Bank will sanction me the loan of Rs. 15 Lacs? If yes, then what will be the interest rates and how they get back their money return?

Banks which will sanction education loan of Rs. 15 lakh to study MBA in USA are:-

State Bank of India – 8.30% per annum to 10.70% per annum
Oriental Bank of Commerce – 12.00% per annum
Allahabad Bank - Base rate + 2.00% per annum
HDFC Bank – 11.97% per annum
Bank of Baroda – 8.50% per annum to 11.05% per annum
Bank of India – Base rate + 2.50% per annum

Repayment period are:-
State Bank of India – 12 years
Oriental Bank of Commerce – 10 years
Allahabad Bank – 15 years
HDFC Bank – regular repayments start just after completion of the course
Bank of Baroda – repayment in maximum 180 installments
Bank of India – 15 years