Education and Career Forum

Hello sir, I want to study B.Pharma from Kerala but currently living in Tamilnadu. Can I get education loan in Tamilnadu to study B.Pharma in Kerala? Can I get any interest relaxation on amount of loan?

B.Pharma is a professional course and there are different banks which can sanction loan for studying this course from any recognized university. You can apply to multiple banks for education loan. Central government of India has launched an education portal at which candidates can apply for loan portal. The official website of loan portal is https://www.vidyalakshmi.co.in/Students/.

When you apply, you need to have documents like loan letter from college, residential proof that is proof of identity and proof of address, pan card of both parents and candidate, marksheets etc. Within stipulated time banks will assess your application and give you information regarding how much loan can be sanctioned at what rate of interest. There is no interest relaxation. You can get interest subsidy on education loan within course period.

You can get education loan from any bank for pursuing Bachelor of Pharmacy. There is no interest relaxation for any candidate except 0.5 % for female candidate. You can apply for education loan from any bank of India like:

*SBI.

*Punjab National bank.

*UCO bank.

*Syndicate Bank etc.

Yes, if you have got admission in a recognized college or institute then surely you can apply for education loan at any PSU bank with the help of documents related to your admission.

Interest relaxation is available to economically poor candidates whose family income is less than 4.5 lacs per annum.