Education and Career Forum

Sir,
I have secured 95% in 2nd PUC & I am
willing to join B.Tech.
But I am not financially strong to maintain
total expenses of B.Tech. So, I am planning
to take education loan. I have a bank account
in Andhra Bank. So, what is the interest rates charges
of this bank so before applying I will know about it.
I also want to know what documents they want for education loan?

Interest is charged in various modes. Mode of charging interest is given below.

* Interest to be debited monthly on simple basis during the repayment-holiday period.

* The accrued interest during the repayment holiday period to be added to the principal and repayment in EMI.

* For the loan above RS.2 lakhs the panel interest at 2% be charged on the overdue amount for the overdue period.

Documents to be submitted:

1. Identity proof
2. Income Proof
3. Residence proof
4. Bank statement of last 6 months