Education and Career Forum

Hi,
My name is Sanya Gupta. I am studying in class 10th standard. I want to study in Singapore for Graduation. Can you tell me about the terms and conditions of education loan for studying there?

There are many terms and conditions of education loan. In order to know the detailed terms and conditions, you need to approach any bank, contact the branch manager for education loan. Once positive response from bank, detailed documents containing terms and conditions of education loan will be shared with you and after reading you need to sign on it. You can take education loan up to 10 lakhs for study in India and 20 lakhs for study in abroad. There is no need of any mortgage for loan up to 7.5 lakhs. The interest rate will fluctuate from time to time as per RBI orders. Usually it fluctuates in the range 13-14.5 percent. The rate of interest will be computed as simple interest for the entire study period. You need to start the repayment once you get a job after the study period or after six months on completion of your study course.