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  #1  
22nd April 2016, 10:49 AM
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Does Bank offer full amount of an Education Loan for B.Tech course?


Respected Sir/Madam,
I have done my 12th and secured a good rank in JEE Main. I want to study B.Tech. For this reason, I want to apply for an Education Loan so that I can bear all the expenses of my B.Tech course. I have heard that the amount will be approx Rs. 5 Lacs. So, whether the Bank will provide me an Education Loan of full amount?




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  #2  
26th April 2016, 10:48 PM
SudeepKumarSaha
Senior Member+++++
  
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Does Bank offer full amount of an Education Loan for B.Tech course?

No, it is not true that banks will allow loans only upto 5 lakhs for B.Tech course. You can take education loan up to 10 lakhs for study in India.The bank will give education loan which will bear the entire expense of your study which includes all types of college fees, study material costs, hostel and mess. It depends on your compliance with terms and conditions of your education loan and the fee structure which will decide the loan amount.
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