#1  
22nd May 2015, 05:30 PM
Unregistered
Guest
 
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Should I apply for Education Loan in Financial Institution to study MS in Germany if the amount is above Rs. 20 Lacs?


Hello,
I came to know that for study Abroad
Bank can provide me maximum Education
Loan of Rs. 20 Lacs and not more than that.
So, if I want to study MS in Germany and there
the expenses is Rs. 20 Lacs but Hostel charges and
many hidden charges exceeds the expenses. So,
I should apply for Education Loan from any Financial
Institution?





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  #2  
23rd May 2015, 03:51 PM
SudeepKumarSaha
Senior Member+++++
 
Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Should I apply for Education Loan in Financial Institution to study MS in Germany if the amount is above Rs. 20 Lacs?

Yes, you should apply for education loan. You should apply for 20 lakhs which is the highest permissible loan amount for study abroad. It is true that the actual expense will exceed 20 lakhs. SO if you take education loan 20 lakhs, at least a major portion of your expense is met by the education loan amount and the rest you have to arrange. You can also take up part time job in your college or online jobs to meet the remaining expense of the course. The list of banks which offer education loan has been attached below for your kind reference.
Attached Files
File Type: docx List of banks.docx(11.4 KB, 47 views)




  #3  
23rd May 2015, 04:32 PM
virus Activated
Member+
 
Join Date: May 2015
Posts: 81
Default Re: Should I apply for Education Loan in Financial Institution to study MS in Germany if the amount is above Rs. 20 Lacs?

Quote:
Originally Posted by Unregistered View Post
Hello,
I came to know that for study Abroad
Bank can provide me maximum Education
Loan of Rs. 20 Lacs and not more than that.
So, if I want to study MS in Germany and there
the expenses is Rs. 20 Lacs but Hostel charges and
many hidden charges exceeds the expenses. So,
I should apply for Education Loan from any Financial
Institution?

You can apply for the Loan from two different Private Sector Banks of worth Rs 15 lac each. the Cost of Sanctioning the minimum loan will be Less and your Both the Loan will be passed easily. As it would not cross the maximum limit of Rs 20 Lac. So, you can Apply for the Loan from Axis bank And HDFC Bank.




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