Education and Career Forum

Hi,
I have got 98% in Intermediate and secured 2547 AIR in JEE Main. I want to do B.E. in Aeronautical Engineering. But I am getting admission in a Private college. I have a Student Account in Allahabad Bank. So, this Bank can sanction me an Education Loan in this case?

Originally Posted by Unregistered

Hi,
I have got 98% in Intermediate and secured 2547 AIR in JEE Main. I want to do B.E. in Aeronautical Engineering. But I am getting admission in a Private college. I have a Student Account in Allahabad Bank. So, this Bank can sanction me an Education Loan in this case?

Yes, you will get Education Loan to study B.E Aeronautical Engineering in Private College through Allahabad Bank. The eligibility to get an education loan in Allahabad Bank is the candidate should have secured admission in recognized institutions through entrance test/merit based selection process. The course should be recognized by UGC/Govt./AICTE/AIBMS/ICMR etc. The loan covers the fee payable to college and other related expenses. Margin money not required up to Rs. 4 Lakhs for the loan amount above 4 Lakhs margin is 5%. You can contact the Allahabad Bank branch near your house for more details.

Yes, you can definitely get education loan from Allahabad Bank in order to pursue B.E course in the field of Aeronautical Engineering. There is no problem if you are getting admission chance in a private institute. If the institute is well recognized by UGC and AICTE and offers good placement opportunities, then you can definitely get education loan. You will need to comply with the terms and conditions of education loan and complete all norms as per bank's instructions.