Education and Career Forum

Hello everyone, my father wants to apply for an education loan for me so that I can get admission and study BSc(Hotel Management) course. He is telling me to apply an education loan from South Indian Bank. 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

Hello everyone, my father wants to apply for an education loan for me so that I can get admission and study BSc(Hotel Management) course. He is telling me to apply an education loan from South Indian Bank. 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?

Some of the benefits of an education loan from South Indian Bank for BSc (Hotel Management) aspirant are given below:

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

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

Women students can get 0.5% concession in interest rate

Repayment holiday – course period + 1 year

Repayment period – maximum up to 15 years

No processing charges under SIB education loan scheme

No prepayment charges for education loan

Attractive rate of interest