#1  
30th September 2018, 07:19 PM
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Benefits of applying for an Education Loan in Development Credit Bank for MBA aspirant?


Dear Sir/Madam, I want to apply for an education loan for studying MBA course. I would like to know that if I apply an education loan from Development Credit Bank then what benefits are available for me? Please let me know about this asap.




  #2  
21st October 2022, 01:05 PM
Hera tabrez
Senior Member+++++
 
Join Date: Oct 2020
Location: Kanpur
Posts: 6,959
Default Re: Benefits of applying for an Education Loan in Development Credit Bank for MBA aspirant?

Benefits

One can get upto INR 7.5 lacs for Indian colleges and INR 15 lacs for abroad colleges.
The interest rates charged by bank are 9.65%
Upto INR 7.5 lacs, no collateral security is required.
For loans above 4 lacs, processing fee is INR 5000
Less paperwork and easy availability if loan.
Most of the expenses are covered under education loan.
Repayment is maximum of 12 years.
Offers easy repayment terms.
Do you have any question? or have anything to say?



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