#1  
9th June 2014, 05:57 PM
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Procedure to get Education Loan for pursuing MCA? How much is the rate of interest?


sir, i will take admission for mca in next year then what is the procedure of education loan?
and how many percentage of interest he take?




  #2  
10th June 2014, 02:06 PM
SudeepKumarSaha
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Posts: 8,583
Default Re: Procedure to get Education Loan for pursuing MCA? How much is the rate of interest?

The procedure of education loan is mentioned below.
- You can meet the representatives of the bank in the concerned college during counselling and get the necessary details regarding education loan.
-Then you need to approach the nearby bank preferably where you or your parents have an account.
- Talk to the branch manager regarding the education loan. If it is a large branch then talk to the administrative officer.
- Discuss all the norms of education loan, the amount you need and the formalities you need to complete.
- Take the essential documents like academic certificates of past, admission letter, college prospectus, etc.
- The concerned officer will guide you and give all the instructions which you need to comply to get the loan sanctioned.

The percentage of interest for education loan varies from time to time as per the order of Reserve Bank of India. It usually fluctuates between 13.5 to 14.5 percent. However, the interest in State Bank of India is one percent lower than other banks. So it usually fluctuates between 12.5 to 13.5 percent in SBI.
  #3  
29th December 2015, 02:45 PM
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Default Re: Procedure to get Education Loan for pursuing MCA? How much is the rate of interest?

Sir i am very poor children .but my aim MCA.PHD Will i get loan.now i am studying MCA 1st year in francs xavier engeneering collage by help of other people pls reply
Do you have any question? or have anything to say?



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