Education and Career Forum

Hello Sir,
My daughter want to pursue B.Tech degree. She is preparing for various entrance exams. Now, if she will get seat in B.Tech then she is eligible for any Education Loan? I want to know about the criteria. Also I would like to know how can I apply?

yes she is eligible just collect her certficates regarding 10th 12th id proofs
and photos and also the brochure of the college with semester or yearly fee structure and go to the nearby branch of any psu or the bank in which your daughter or you have the account

Yes, your daughter can definitely apply for education loan to meet the expense of B.Tech course. For study in India, she can take education loan up to 10 lakhs. If she gets admission call from a recognized institute, she will be eligible to apply for education loan. You need to get the prospectus of the concerned institute before applying for education loan. Approach the bank near your residence with your daughter and contact the branch manager or the administrative officer if it is a large bank. Take the prospectus and the admission call letter along with you. Show them to the branch manager, stating the fees structure and discuss the education loan scheme. Get to know the detailed terms and conditions, norms and the eligibility of your daughter. If positive response from the bank and if you can comply with the terms and conditions of the bank, then act as per the instructions from the bank to get the education loan sanctioned.

Yes, your daughter is eligible to get an Education loan for pursuing B.Tech course. To get an Education loan for your daughter's education loan, you must have to submit her 10th standard, Intermediate marks sheet xerox copies, your 6 months salary certificates, admission letter into B.Tech course, etc.,. An education loan amount of Rs.4 lacs will be offered without any security. To get an education loan amount of more than Rs.4 lacs, you must have to submit Collateral security in the form of documents to bank for loan approval.

Yes definitely you can take educational loan for the BTech course. Now a days educational loan is very common and it is provided to those who get admission in professional course such as Engineering, Medical, Hotel Management etc in any AICTE approved institution.

Following are the documents required for taking educational loan:

--admission slip which you got at the time of admission

--Xerox copy of 10th and 12th mark sheet and degree.

-- color photograph.

Following are the procedure you have to follow to apply:

-- first of all you have to visit to nearest bank branch through which you want to take educational loan.

-- fill the application form in which you have to fill the personal details, academic detail etc. You have to mention the loan amount want to be sanctioned.

-- submit the application form with all the relevant documents and color photo.

-- your loan will be sanctioned within 15 days.

>> In my opinion you have to take the educational loan from a nationalized bank such as SBI, PNB etc as these banks have lower rate of interest than private banks.