Education and Career Forum

I studying Engineering course and now going in 3rd semester. Now I am suffering from financial problem so, wanted to apply for education loan. Can I get education loan during the course? Which bank is preferable for it?

Following are the banks which provide education loan to engineering students during their course are:-
Bank of Baroda
HDFC Bank
Bank of India
Federal Bank
Punjab National Bank
Central Bank of India
Canara Bank
State Bank of India
ICICI Bank

Yes, why not, you can definitely get education loan from any public or private sector bank of India. In present scenario, almost all bank sanction Education loan for various professional courses like MBA, B.Tech, MBBS course.

The required documents to get education loan are:

>>Your fee structure from bank and education loan letter.

>>Admission offer letter.

>>Proof of address and identity.

>>Academic marksheet and certificates.

>>Proof of residence.

>>Income certificate.

It generally takes one month for education loan to be sanctioned.

You can contact the nearest top bank branches like SBI, ICICI and HDFC for education loan application. You need to submit all the documents along with your application.

A guarantor will be required for education loan and in case of big loan, they can even ask your for collateral security. Just make sure you don't have any previous loan.