Education and Career Forum

My father want to apply an education loan for me so that I can get admission and study BTech course. He is telling me to apply an education loan from Oriental Bank of Commerce. 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 an education loan for me so that I can get admission and study BTech course. He is telling me to apply an education loan from Oriental Bank of Commerce. 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?

Students who are studying under category A colleges can get up to Rs 25 Lakhs under Oriental Bank of Commerce education loan scheme without Collateral Security and category B colleges can get up to Rs 10 Lakhs without Collateral Security. Category A & B colleges are mentioned in the OBC education loan website. There is no margin for category A & B colleges and for others it will be 5% for studies in India and 15% for studies abroad. Girl students / SC / ST / Disabled students can get 0.50% concession in interest rate. The above given are some of the important benefits of applying for an education loan in Oriental Bank of Commerce.