Education and Career Forum

How can we get an education loan for BDS course? It will cost how much and how long will it take?

Step 1 – Search for the appropriate bank.

Step 2 – Documentation and Application Form Filling.

Step 3 – Loan Process Begin.

Step 4 – Loan Disbursal.

--- You can definitely get an education loan for BDS course and education loan is available for all the graduation courses but the amount of interest and amount of loan depends on your college rank and category.
Mostly there are two types of loan available in any government bank:

Normal loan - interest is high approximately 11.5

Prime loan - interest rate is comparatively low 9 - 9.5

But Prime loan is available to those who took admission in tier 1,2, 3 colleges which mentioned in bank website.

The fees of the course depends on the college in which one is taking admission.

Banks usually provide loan for upto 10 lacs for Indian colleges and 20 lacs for abroad studies.

For BDS course also, one can apply for education loan, provided they have taken admission in a recognised college with good placement facility.

The repayment of loan starts after the completion of courseor it's equated in monthly installments for a period of 15 years.
One can also repay the loan before it's due date.

You can get an education loan for doing the BDS course.You must have the following documents to get eligible for the education loan.

1) Mark sheets of academic qualifications.

2) Copy of admission letter of the Institute along with fees schedule.

3) Bank Statement or Pass Book of last 6 months

4) KYC documents

5) Identity proof like voter ID card, driving license, etc.

Next, you have to contact the Bank manager for the next procedure to sanction the loan.
Generally, The approval of an educational loan takes about 15 days. After it has been approved, you will receive a loan agreement that you must sign. Banks typically pay the institution directly or to you after sanctioning the loan.

The BDS program is eligible for an education loan. To be qualified for an education loan, candidates*must have the following documents.

1. Mark sheets of academic qualifications.
2. Copy of admission letter of the Institute along with fees schedule.
3. Bank Statement or Pass Book of last 6 months
4. KYC documents
5. Identity proof like voter ID card, driving license, etc.

After that, contact the bank manager to begin the loan sanctioning process.
You will receive a loan agreement to sign once your application has been approved. Banks typically pay the institution directly or to you after sanctioning the loan.