#1
15th March 2015, 02:50 PM
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How can I get Bank Education Loan to study B.Tech?
Sir,
I am giving my 12th Board exam. I have also applied for JEE Main. I want to study B.Tech. Kindly tell me I can apply for education loan or not? Which Bank will provide me the education loan and what I have to do for getting education loan? |
#2
14th April 2015, 12:51 PM
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Re: How can I get Bank Education Loan to study B.Tech?
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After clear your JEE Examination, if you will get admission in IIT's or other top engineering colleges, then definitely you will get education loan easily. The bank will sanction education loans for those students who will get admission in IIT's and other top colleges. The very first criteria is that, your university must be approved by UGC/ AICTE or other Government Institutions. When you get admission into IITs or any other colleges, then you have to submit your admission proof to the bank. Documents Required for Education Loan: 1. Proof of admission scholarship, studentship etc 2. Completed Education Loan Application Form 3. Mark sheets of last qualifying examination 4. Passport size photograph. 5. Proof of Address. 6. Proof of Age. 7. Copy of PAN of student Borrower. 8. Proof of having cleared last qualifying examination. 9. Prospectus of the course wherein charges like Admission Fee, Examination Fee, Hostel Charges etc. are mentioned. 10. Details of Assets & Liabilities of parents/co-obligants/guarantors. The Repayment period depends on the bank, well the general repayment period are, Repayment period: up to 10 years for loans of Rs. 7.50 lakhs or below and up to 15 years for loan above Rs. 7.50 lakhs. Your Re payment period will start from six months after getting the job or 12 months after completion of the course whichever is earlier. You can compare the bank loan from various websites online, Choose the bank which you find suitable and then contact the bank directly to get more details regarding education loan. Here is the list of Indian Banks offering Educational Loan in India: 1. State Bank of India & its Associate banks 2. Andhra Bank 3. Allahabad Bank 4. Axis Bank 5. Bank of Baroda 6. Bank Of India 7. Bank of Maharashtra 8. Bank of Punjab 9. Bank of Rajasthan 10. Bharat Overseas Bank 11. Canara Bank 12. Catholic Syrian Bank 13. Central Bank of India 14. Centurion Bank of Punjab 15. Citi Bank 16. City Union Bank 17. Corporation Bank 18. Dena Bank 19. Development Credit Bank 20. Dhanalakshmi Bank 21. Federal Bank 22. HDFC Bank 23. HSBC 24. ICICI Bank 25. Indian Bank 26. Indian Overseas Bank 27. IDBI Bank 28. ING Vysya Bank 29. Jammu & Kashmir Bank 30. Karnataka Bank 31. Karur Vyasa Bank 32. Lakshmi Vilas Bank 33. Oriental Bank of Commerce 34. Punjab & Sind Bank 35. Punjab National Bank 36. Ratnakar Bank 37. Saraswat Bank 38. South Indian Bank 39. Syndicate Bank 40. Tamilnad Mercantile Bank Ltd 41. UCO Bank 42. Union Bank of India 43. United Bank of India 44. United Western Bank 45. Vijaya Bank. |
#3
15th April 2015, 03:15 PM
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Re: How can I get Bank Education Loan to study B.Tech?
Education loan is issued by almost all banks of India.
To get education loan while studying Bachelor of technology, you need to do the following things: 1. First visit your nearest bank and talk to the customer care manager and ask him/her to give you education loan form and what documents are need to be attached with it. 2. Fill the application form and attached all concerned documents like education loan letter from your college, PAN card of co borrower, photographs, identity cards etc. 3. Your college needs to be approved by UGC and AICTE. You can get education loan upto four lakhs without any security or collateral. After verification of your documents, your education loan will be processed. |
#4
16th April 2015, 12:22 AM
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Re: How can I get Bank Education Loan to study B.Tech?
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But there are certain norms and documentation required to be fulfilled to by each and every candidate who wants to take education loan from Public or private sector banks. Required documents for applying for Education loan: >>10+2 passed marksheet. >>Scorecard of Entrance exam cleared if any. >>Education loan letter issued by your concerned institute having details of fee structure. >>AICTE approval letter of your institute. >>Photographs of yours and your parents. >>PAN card of both borrower and co borrower. >>Identity card. >>If you need education loan more than 4 lacs, you need to submit collateral or a third party witness for your loan. These all things you need to attach along with the detailed filled application form of education loan of any bank. After validation of documents, if everything is found correct, bank will issue intimation letter and sanction the required amount in name of your Institute semester wise or yearly wise as per fees required by your institute. |
#5
16th April 2015, 07:19 PM
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Re: How can I get Bank Education Loan to study B.Tech?
There is no big issue in getting loan from banks for education..This type of loan is termed as education loan.
You must produce your 10+2 marksheet along with fees structure of the course which you are going to carry out. You have to produce some identity proof in front of bank and some more paper work and then you can get the loans.. |
#6
17th April 2015, 09:32 PM
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Re: How can I get Bank Education Loan to study B.Tech?
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Yes, you can apply for the Education Loan after giving the 12th board and as soon as you take admission int the College. You must apply for the education Loan from SBI as this bank help you to get the Loan at a nominal Cost and you will get much time to repay the Loan at a minimal rate of interest. According to the SBI bank Norms you will be charged the Interest rate of 8.4% . |
#7
3rd October 2015, 07:10 PM
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Re: How can I get Bank Education Loan to study B.Tech?
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N.B.the only thing you need is proper documents |
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