Education and Career Forum

I want to get an Education Loan of Rs. 11 Lacs for studying BE in Architectural Engineering. I don’t know how to approach Bank for availing me an Education Loan. Please help me to select best option.

First of all you must confirm admission in New Zealand and after that you can apply for education loan based on those documents. The college should be recognized then only banks will sanction loan.

Also, guarantor and collateral security will be needed for sanction of loan. Hence, make sure you fulfill all the requirement.

You need to do the following to avail education loan of 11 lakhs.

1. Once you get admission call from an institute, get a copy of admission letter, prospectus and fee structure of the concerned institute.
2. Then approach any bank near your residence with the above documents for education loan. The list of banks who provide education loan is attached for your reference.
3. Have a discussion with the branch manager concerning the education loan. Get to know your eligibility and the terms and conditions to which you need to comply.
4. Act as per bank's instructions following all norms to get your education loan sanctioned.