Education and Career Forum

Respected sir/mam i want to need of education loan for pursuing engeenering degree in recognized university of india like iit/nits/bits pilani.
please sir/mam tell me its procedure to get education loan. What time is correct to apply for it.i will take admission.

Those who want to apply for loan can apply through the official website of bank. They can also visit the nearby branch and collect the form from there.
Once you receive the confirmation letter from the university or college , you can pay for loan.
You can get upto INR 10 lacs for Indian colleges and INR 20 lacs for studying abroad.
Banks easily provide loan for reputed colleges whoce placement facility is best.
The candidate must have secured admission on the basis of entrance exam or merit.

Yes , Ofcourse you can get an education loan for pursuing studies in BITS Pilani or IIT.

Candidates can take either secured or unsecured education loan.

When it comes to pursuing studies at BITS Pilani or IITs in India, several options are available for securing an education loan. Here are some potential avenues to consider:

Banks and Financial Institutions: Approach nationalized banks, private banks, and other financial institutions that offer education loan schemes. Many banks have specific loan programs tailored for higher education, including loans for studying at renowned institutions like BITS Pilani and IITs. Contact the banks directly or visit their websites to gather information about their loan offerings, eligibility criteria, interest rates, repayment terms, and required documentation.

Government Schemes: The Government of India provides various loan schemes and scholarships to support higher education. Explore government initiatives such as the Central Sector Interest Subsidy Scheme (CSIS), Pradhan Mantri Vidya Lakshmi Karyakram (PMVLK), or state-specific scholarship and loan programs. These schemes often have specific criteria and application processes, so research and inquire about relevant schemes available for your specific situation.

Institution-Specific Financial Aid: BITS Pilani and IITs may have their own scholarship or financial aid programs to support deserving students. Contact the respective institutions' financial aid offices to explore available options and understand the application process and eligibility requirements. They can provide information on scholarships, grants, or loans offered specifically for students studying at their institutions.

Non-Banking Financial Companies (NBFCs): Consider exploring loan options offered by non-banking financial companies specializing in education loans. Some NBFCs provide competitive interest rates and flexible repayment terms. Research and compare loan offerings from different NBFCs to find the most suitable option for your needs.

Collateral and Guarantor: Depending on the loan amount and terms, some lenders may require collateral or a guarantor to secure the loan. Ensure you understand the specific requirements of the loan and be prepared to provide any necessary collateral or guarantor documentation if required

BITS Pilani is one of the top institutes in India and hence various lenders have designated education loan schemes for BITS Pilani. There are top 5 education loan schemes for BITS Pilani.
1. SBI Scholar Education Loan Scheme for BITS To.
2. UBI Special Scheme for BITS Pilani.
3. Bank of Baroda Education Loan for Premier institue.
4. PNB Pratibha Education Loan Scheme for BITS Pilani.
5.Canara Bank Vidya Turant Education Loan Scheme for BITS Pilani.