Education and Career Forum

Education loan for Distance Learning / E Learning Course ??
Which Banks ???
If UGC approved then ...?

Originally Posted by Unregistered

Education loan for Distance Learning / E Learning Course ??
Which Banks ???
If UGC approved then ...?

Educational loan is one of the best options for higher studies because it also aims for tax exemption after you get job post completion of the course. You can get loan approved by any leading bank like Nationalized or public sector. And also few companies provide loan to deserving and meritorious students like Credila and Avase for pursing higher studies in India or abroad.

Eligibility for getting loan approved:

Candidates those are applying should have got admission in recognized institutions of India like Affiliated from AICTE, UGC or any government body. There is a cut off percentage marks for reserved categories like for SC or ST or OBC its 50% of their equivalent qualification. For general it’s 60%.

Loan amount will cover hostel, college examination fees, library fees, tuition fees, books expense, equipment expense, caution deposit, travel expense and many more.

Interest rates varies from banks to banks, you need to check with different banks for more information like Axis bank provides more than 14% whereas Punjab National Bank provides only 12.75% of interest rate. You need to be wise enough to choose for which bank you should apply for education loan. Below are the list of banks and private companies’ websites from where you can check the interest rates and more information.

Private:

• www.credila.com
• www.avanse.com

Public Sector:

• www.sbi.co.in
• www.hdfcbank.com
• www.pnbindia.in
• www.axisbank.com
• www.idbi.com