Education and Career Forum

I have given compartmental exam in 12th, so can I am eligible to get education loan for NIFT

1. 4 Lakhs and up to Rs12 Lakhs, 5% of the margin is required.

2. The rate of interest rate is at 9.85% and female applicants get a concession of 0.50%.

3. The moratorium period is 1 year after completing the course. No processing fees.

The candidate applying for the loan must be a resident of India. He/she must have confirmed admission to recognised educational institutes in India or abroad. The age of the candidate must fall within the bracket of 18 to 35 years during loan application.

Once you complete your Class 12th by clearing the compartmental examination and become eligible for admission in NIFT (National Institute of Fashion Technology), you also become eligible to avail education loan to manage your fee expense for pursuing a degree course at NIFT which is one of the premier institutes in India.

For details regarding different education loan schemes managed by different banks, you can refer to the link https://www.vidyalakshmi.co.in/Students/home.