Education and Career Forum

Students and their families have to sometimes resort to lending institutions for education loans to fund the education in a foreign university. Just so that the student doesn’t make a mistake in availing of the loan, we bring here a few things that one should keep in mind while availing study loan in India.

There are multiple banks that provide education loan for foreign studies
Some of them are
State Bank of India
Allahabad Bank
Axis Bank
HDFC Bank

One can get upto INR 20 lacs for studying abroad.
On receiving letter , one can apply for loan.
The loan covered by the bank covers
Tution fees
Exam fees
Laboratory fees
Library fees
Caution deposit
Books and equipment cost etc

Top Education Loan Providers in India to study abroad:-

1) State Bank of India:- Loan amount Upto 1.5 crores (INT 10.5%).

2) Allahabad Bank:- Loan amount 50 lakhs (INT 7.15% to 10.5%).

3) Axis Bank:- Loan amount 40 lakhs and beyond depending on requirement (Upto 4 lakhs INT 15.2% Upto 7.5 lakhs- INT14.7% Above 7.5 lakhs- INT13.7%)

4) HDFC:- Loan amount Upto 30 lakhs (INT14%).

Best Education Loan:

Punjab National Bank (PNB).
IDBI Bank.
HSBC Bank.
Indian Overseas Bank (IOB)
Avanse Financial Services.
Syndicate Bank.
Canara Bank.

Top Education Loan Providers in India to Study Abroad:-

1- State Bank of India.

2- Allahabad Bank.

3- Axis Bank.

4- HDFC bank.

5- Punjab National Bank.