Education and Career Forum

Hello,
I am an ICICI NRI Account Holder.
My son want to do MS in USA. I would like to
take Education Loan for my son for his MS course.
Please guide me how to get it.
With Regards.

Originally Posted by Unregistered

Hello,
I am an ICICI NRI Account Holder.
My son want to do MS in USA. I would like to
take Education Loan for my son for his MS course.
Please guide me how to get it.
With Regards.

If you are looking for any Indian bank then you must be Indian by citizenship. If your son is aspiring to study MS course in USA then he should have admission letter with detailed information of the university from which he will going to pursue.

Various banks of India provide financial support to the meritorious students who are seeking admission for technical course or higher studies in abroad. Loan amount will cover examination fees, library fees, hostel fees, traveling, books and various other expenses.

Interest rates vary from banks to banks for an Example Axis bank provides more than 14% of interest rate whereas PNB provides only 12.75% of interest rates. (It might differ please check official site for interest rates).

As you are cleared with the eligibility criteria and procedure, few documents you need to arrange in order to process the loan, they are bank application, passport size photograph, proof of address, age proof, PAN of student, letter of admission, qualifying examination mark sheets, prospectus of the college where fees structure is mentioned, details of assets and liabilities you are holding, if the loan is collaterally secure by mortgage of IP, copy of title deed, valuation certificate and non encumbrance certificate.