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#1
3rd June 2018, 02:22 PM
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What are the benefits of an Education Loan offered by South Indian Bank?
I want to apply an Education Loan from South Indian Bank as I have an account in this bank. But my parents are telling me to not apply from this bank. Can I know what benefits I will get to apply an education loan from South Indian Bank?
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#2
15th June 2018, 06:00 PM
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Re: What are the benefits of an Education Loan offered by South Indian Bank?
Quote:
The benefits of education loan offered by South Indian Bank are given below: Students can get up to Rs 10 Lakhs for studies in India and up to Rs 20 Lakhs for studies abroad There is no margin for education loan of up to Rs 4 Lakhs There is no collateral security for education loan of up to Rs 4 Lakhs Girl students can get 0.50% concession in interest rate Moratorium period will be course period + 1 year and repayment tenure is the maximum of 15 years Students are covered by Life Insurance There are no processing or repayment charges Income Tax benefit under 80 (E) in respect of interest paid |
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