Education and Career Forum

Sir,
I have completed my M.Sc in Microbiology with 61%
and I want to pursue PhD from Abroad. But due to family problems my father is not able to pay my fees. Can I apply for Education Loan if I want to do PhD in Microbiology in Abroad? Please let me know about this.

Yes, you can apply for the educational to pursue Ph.D in abroad. But you have to meet the following eligibility criteria :

1. Candidate must be a citizen of India.

2. Candidate should have secured admission in any of the foreign recognized university/ institute.

3. Candidate should have secured admission through entrance examination/ selection process.

* For studies in abroad the maximum educational loan amount is Rs.15 lacs.

* For studies in India the maximum educational loan amount is Rs.7.5 lacs.

First of all i appreciate your hard work in the study. For your kind information i want to tell you that there is some constraints that a student have to fulfill for getting the education loan. As you are planning to study in abroad so the most important document that you have to submit in the bank is a photocopy of your student visa. Also you need to submit a photocopy of your residential proof, mark sheet of your last degree. So if you are satisfying with all the above constraints then definitely you can apply for the education loan.

Originally Posted by Unregistered

Sir,
I have completed my M.Sc in Microbiology with 61%
and I want to pursue PhD from Abroad. But due to family problems my father is not able to pay my fees. Can I apply for Education Loan if I want to do PhD in Microbiology in Abroad? Please let me know about this.

Loan for education is sanctioned by almost all the leading banks i.e. Private or Public sector banks. Banks and private company sanctions loan to deserving and meritorious students.

Eligibility for getting loan from these bodies are many like you must be Indian and studies should be in the form of UG or PG or any other form of degree which needs money to invest.

In brief, you should have got admission in recognized institutions of India or Abroad after completion of 12th. There is a cut off marks for students who are applying for loan, for General its 60% and for reserved category its 50%.

Loan will be given in various forms and it includes books, traveling expense, equipment, caution deposit, building fund and more. Do note interest rates vary from Bank to Bank.

For interest rates you need to log on to sites like www.credila.com or www.avanse.com or www.sbi.co.in or www.pnbindia.in.