Education and Career Forum

Hello sir, Is it possible to get the amount of 13 lakh as an educational loan to study B.Tech in KIIT University? Rules, regulations, eligibility criteria, repayments and interests rates?

Yes, it is possible to take the education loan of Rs. 13 lac from Indian bank because Indian Bank provide loan amount of Rs.15 lac to study in India basically every nationalized bank provides Rs.10 lac to study in India.
The rate of interest of Indian Bank for education loan is 12.50% per annum with a concession of 0.50% on the interest rate under the IBA scheme for female students. The borrowers can avail the loan amount without any processing fee. Loan taken up to Rs.4 lac no security is required above rs.4 lac up to Rs.7.50 lac collateral security in form of a suitable third party guarantee is to be provided and above Rs. 7.50 lac co-obligation of parents together with tangible collateral security along with assignment of future income to the bank is required. The candidate can repaid the loan amount along with the amount of interest after the moratorium period which means the borrowers can repaid the loan amount after the completion of course or after one year of getting the job.