Education and Career Forum

Hello Sir/Mam,

I have passed 12th with 85% marks and scored 131 marks in JEE Main. I want to study B.E. After counselling if I get admission in any Private College then I can apply for an Education Loan? Can someone please help me to find the information on the same?

Yes, you can definitely apply for education loan. There is no problem if you got admission in private engineering college since banks give education loan to students seeking admission in private engineering colleges. However, you need to make sure :-

- The institute is well recognized by UGC and AICTE.
- The institute offers good exposure in terms of placement opportunities.
- You comply with various terms and conditions of the bank for the education loan.

Yes, definitely you can apply for the educational loan. Basically Educational loan are very common and provided to students who got admission in any professional course such as Engineering, Medical etc.

>>For this you have to visit to nearest bank branch through which you want to take the loan or you can apply online.

>>Fill the form and submit it with relevant documents.

>>After approving from the bank officer, your loan will be sanctioned within 15 days.

Documents Required:

--Admission slip which you got at the time of counseling.

--Color photograph

--Xerox copy of your academics (i.e 10 and 12th marksheet)

**The most important thing is that now a day’s almost every bank provide the educational loan. But in my opinion you have to take educational loan from government bank such as SBI, Central Bank of India etc. As these banks have lower interest rates and also provide some interest subsidy for economically weaker students too.

Yes, you can apply for educational loan to purse your graduation.

The minimum criteria required to apply for educational loan is as follows:

* Candidate must be a citizen of India.

* Candidate must have secured admission in any of the recognized college to purse valid and recognized technical or professional course.

The documents required to submit in bank towards educational loan are as follows:

* College admission letter including fee particulars.

* Photocopies of academic certificates.

* Address and Id proof.

* Date of birth certificate.

* Collateral security.

* Latest 6 months ban statement.

All nationalized banks will offer educational loan for only valid and recognized colleges which provide recognized courses.

Yes, why not, you will be eligible for education loan if you pursue Bachelor's degree in Engineering or Technology from a private college. Your institute must be approved by All India Council for Technical Education.

You can register at all India education loan portal launched by Central Government in 2015 and from where you can apply to multiple banks. Once application process is over, banks will respond regarding documentation process and amount which can be sanctioned.

You can register at http://https://www.vidyalakshmi.co.in/Students/