Education and Career Forum

Hello Sir,
I am studying in 12th Science and want to study my B.Tech course. My father is not able to handle my education expenses so I have decided to apply for Education Loan for my B.Tech course. I have a Student Account in Indian Bank. Kindly tell me what I have to do for applying and getting Education Loan from this Bank? What will be the interest rates they will charge for Education Loan?

Procedure to apply to get education loan -

- You need to approach the branch of Indian Bank where you have an account.
- Get the admission letter from the concerned institute where you will enroll for B.Tech course and carry the prospectus of the concerned institute.
- Have a discussion with the branch manager concerning the education loan.
- Get to know the details, terms and conditions and the procedure you need to follow.
- Act as per the instructions from the concerned authority to get your education loan sanctioned.

The interest will be computed as simple interest. The interest fluctuates from time to time as per the orders from RBI. It usually ranges between 13 and 14.5 percent.