Education and Career Forum

Can anyone of you please let me know about the loan margin for such students who are applying an education loan in Bandhan Bank for studying MBA in Abroad? I am interested to apply an education loan in this bank that is why I want to know about the loan margin.

The loan Margin of Bandhan Bank Education Loan Scheme is up to Rs10 lakhs for courses in Indian colleges and up to Rs 20 lakhs for studies abroad as per Indian Bank's Association norms. The quantum of a loan depends upon the course and the institution offering this course.

Loan Margin of Bandhan Bank Education Loan scheme.

Minimum Tenure (excluding grace period) - 5 years.
Moratorium Period (after course completion) - 1 year.
Minimum Loan amount - ₹ 50,000.
Maximum Loan without collateral - ₹ 4,00,000.

Loan margin:-

Up to Rs.4 lakhs - Nil.

Above Rs. 4 lakhs 5% for Studies in India and 15% for Studies abroad.

Eligibility:-

1- Student must have a confirmed admission to the Academic Institution.

2- A good credit history of the co-applicant or guarantor helps in availing loan easily.

3- Insurance is compulsory for foreign courses.

The loan margin of the Bandhan Bank Education Loan scheme is up to Rs.4 lakhs it is Nil and above Rs.4 lakhs for studies in India it is 5% and for studies abroad it is 15%. Banks offer loans of up to Rs. 10 lakh for courses in Indian colleges and up to Rs.20 lakh for studies abroad as per Indian Bank's Association norms. The quantum of a loan depends upon the course and the institution offering this course. The eligibility criteria are an applicant should be an Indian Citizen, should have secured admission to higher education courses in recognized institutions in India through the entrance test. The applicant minimum age should be 18 years and the maximum age should be 35 years.

I am also giving you the Bandhan Bank website link for your reference that is www.bandhanbank.com