Education and Career Forum

My father want to apply for an education loan for me so that I can get admission and study MBBS course. He is telling me to apply an education loan from Bank of Maharashtra. But I am not interested to apply an education loan in this Bank. So, before applying an education loan in this bank I want to know about the benefits of applying an education loan in this bank?

Originally Posted by Unregistered

My father want to apply for an education loan for me so that I can get admission and study MBBS course. He is telling me to apply an education loan from Bank of Maharashtra. But I am not interested to apply an education loan in this Bank. So, before applying an education loan in this bank I want to know about the benefits of applying an education loan in this bank?

Benefits of applying for an education loan in Bank of Maharashtra are given below:

>> Students can get up to Rs 10 Lakhs for studies in India

>> There is no margin up to Rs 4 Lakhs of education loan and above Rs 4 Lakhs – 5% for studies in India

>> Repayment of the loan – EMIs – up to 15 years for all loans

>> There is no processing fee

>> Interest rate concession for girl students, existing housing loan borrowers, top rated premier institutions, etc.