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#1
4th October 2018, 10:48 PM
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Education Loans of Private Sector Banks comes with a with Insurance?
Hello Sir, I have heard that Private Sector Banks are giving insurance for those candidate who is taking education loan through these banks? Is it true or false? Because I have heard but I want to confirm first then I will move ahead to apply for loan.
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#2
16th September 2022, 08:29 PM
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Re: Education Loans of Private Sector Banks comes with a with Insurance?
Public sector banks will soon start offering insurance linked education loan .
The insurance premium will be part of expenses for education loan. Expenses covered under education loan are Travel expenses Library and laboratory fees Cost of books, equipment etc Any direct cost related to course Insurance premium. Both government and private sector banks charge different loan insurance fees. Private banks charge about 1.5% of total loan amount as loan insurance fees. |
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