Education and Career Forum

Sir, I want to avail education loan of 8 lakh from Central Bank of India. Please tell me how to apply for it? Security, interest rate and repayment period for it?

To apply for an education loan of Rs. 8 lakh at Central Bank of India, you have to visit the nearest bank branch directly or you can download the application forms from the official website at https://www.centralbankofindia.co.in...vidyarthi.aspx. You need to submit the relevant documents asked by bank for processing your education loan.

You have to keep the collateral documents related to property as security to get an education loan of more than Rs. 7.5 lakhs. The interest rate for an education loan in Central Bank of India is MCLR + 2% for Male candidates and MCLR + 1.5% for Female, SC, ST and IIT candidates. The maximum repayment period is 15 years for above Rs. 7.5 lakhs education loan.