Education and Career Forum

I want to apply for an Education Loan from Oriental Bank of Commerce as I have an account in this bank. But my friends are telling me to not apply from this bank. Can I know what benefits I will get to apply an education loan from Oriental Bank of Commerce?

Benefits:

1. Interest rate is 7.30 to 9.30 per annum.

2. The candidate can get up to 10 lakh Rupees Loan.

3. Loan tenure is 15 years.

4. No pressure from bank.

Benefits of Education Loan offered by Oriental Bank of Commerce?

Opting for an education loan reduces the strain on your family savings and eliminates the need to liquidate your investments in fixed deposits, mutual funds or bonds. Besides, the interest on an education loan is eligible for a tax rebate under Section 80 E of the Income Tax Act 1961.

Loan amount is upto 10 lakhs and the duration is 15 years.

Loan benefits

*Reduces the strain on your family savings

*EMIs are payable only after students complete their study program.

*No worry of immediate repayment

*They cover wide range of expenses.

*Offer reasonable interest rates on loan and preferential rates for top ranked universities and institutes.

* Helps in building Financial prudence.