Education and Career Forum

Hello sir, I have passed 12th and want to study degree course so, I need an education loan. Please tell me which banks is good to apply for an education in between Corporation Bank and Indian Bank? Rate of interest for it?

Originally Posted by Unregistered

Hello sir, I have passed 12th and want to study degree course so, I need an education loan. Please tell me which banks is good to apply for an education in between Corporation Bank and Indian Bank? Rate of interest for it?

Both the Corporation Bank and Indian Bank are nationalized banks only. So you can apply for an education loan in any one of them. If you or your parents have savings or current account in Indian Bank then apply for education loan in Indian Bank and vice versa. You can contact the respective bank branch for educational loan details. For studies in India banks provide up to Rs 10 lakhs and for abroad studies up to Rs 20 lakhs. For a loan amount of up to Rs 4 Lakhs, margin money is not required. You should have obtained the admission through merit based selection or through entrance examination for getting educational loan. The Rate of Interest for educational loan in Indian Bank is 12.25%. The Rate of Interest for educational loan in Corporation Bank is 12.10% up to Rs 4 Lakhs. You have to contact the bank branch for exact rate of interest.