Education and Career Forum

I have sent my daughter to Philippines to pursue mbbs (in Philippines it's called md).I need educational loan of RS 20,00,000/- I couldn't avail the loan. Kindly help me in getting the loan

Banks do sanction loan depending upon the institution in which one has taken admission for studying abroad.
There are various parameters on which loan depends
* credit worthiness of borrower
*Academic background of student
*Course for which is taken
*Institution in which admission is taken.

Leading lenders offering loan for MBBS
HDFC Bank upto 10 lacs
IDBI bank upto 30 lacs
SBI bank upto 30 lacs
Axis Bank upto 75 lacs
Bank of Baroda upto 80 lacs

The interest rate of government banks ranges from 8%-10%

SBI education loan start from 8.8% p.a
The maximum amount that can be sanctioned from a government banks could be 1.5 crores.
Thus you can apply for the loan .