Education and Career Forum

I am interested to do Diploma in Pathology course. So, I want to apply an education loan for this course. I came to know that Allahabad Bank provides an education loan for such course. Is it true? If yes, then tell me about the process to apply in this education loan.

In order to apply for the loan , you can either go to the bank or apply online.once the loan application is submitted , the bank initiates the process.

Applicant get an education loan at a floating rate of 12.5% p.a
Females get a concession of 0.50%p.a on Interest rate.
No margin money for upto 4 lacs .
For Indian college it's 5%
For abroad its 15%

The bank can provide upto 15 lacs for Indian college .

Repayment starts either after the completion of course or a year after a student gets a permanent job.

For loans above 7.5 lacs third party co applicant is required along with parents.