Education and Career Forum

Sir,
I am an Orphan studying in 12th and preparing for MBBS Entrance exam. I am doing part time job and paying my own expenses and fees. I want to do MBBS and I am preparing well for my entrance exams. So, please tell me that is Banks provide me education loan for my MBBS course if I want to do?

Generally, banks offer educational loan to all the candidates who are economically backward and wish to pursue higher education.

If the loan amount is less than Rs.4.5 lacs then one has to keep any security. But if the loan amount is more than Rs.4.5 lacs then one must keep collateral security or any third part guarantee.

You can avail educational loan by keeping security as any guardian.

Yes, Bank offers education loan to all the candidates who are interested to more study and they are economical backward.

I will tell you the interest of SBI bank:
SBI bank:
1.for loan upto 4 lakh 3.9% above base rate,currently 13.20% PA.
2. for loan upto 4 lakh to 7.50 lakh 4.15% above base rate,currently 13.45% PA.
3. for loan upto Rs 7.50 lakhs 2.15% above base rate,currently 11.45% PA.

0.5 % concession interest of girls.