Education and Career Forum

I have got 84.40% marks in 12th board exam and now I have decided to study Commercial Pilot curse from New Zealand. Please suggest me which bank is best to apply for an education loan in respect of interest rate and tenure?

Congratulations on your achievement! For an education loan to study abroad, it is important to compare various banks and their loan offerings. Some of the factors to consider while choosing a bank for an education loan are:

• Interest rate: Look for banks that offer lower interest rates. The interest rate on education loans may vary from bank to bank, so it's important to compare rates and choose a bank that offers a lower rate.
  
• Loan amount: Check the maximum loan amount that banks offer for studying abroad.
  
• Collateral requirement: Banks may ask for collateral for loans above a certain amount. Check the collateral requirement for the loan you need.
  
• Repayment tenure: Longer repayment tenure can be beneficial as it gives you more time to repay the loan. However, longer tenures may result in higher interest charges.
  
• Processing time: Check the processing time for education loans, as some banks may take longer to approve and disburse the loan.

Based on these factors, you can compare education loan offerings from different banks and choose the one that suits you the best. Some popular banks for education loans in India are State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, and Punjab National Bank. However, it's important to research and compare offerings from different banks to make an informed decision.