Education and Career Forum

Sir, I'm looking for educational loan for pursuing Hotel Management. May I know names of banks or financial institutions which offers educational loan in Hyderabad? Also, what all documents needs to be submitted?

Hi,


You can avail loan for Hotel Management in any of the banks in Hyderabad given below:--




1. State Bank of Hyderabad:

• Interest Rate ranges from 10.80% to 11.10%
• Rs 10 lakh is the maximum amount for students in India.
• Margin of 5% for loan amount greater than Rs 4 lakh.

2. Bank of India:

• Interest Rate ranges from 11.05% to 12.35%
• The margin amounts to 5%
• you can take maximum Rs 10 lakhs.

3. AXIS Bank:

• Interest Rate is 15.50%
• 5% margin for loans greater than Rs 4 lakhs
• Parent or guardian needed as a security for the loan

4. IDBI Bank:

• Minimum interest rate is 9.45% and maximum is12.35%
• 15 years is the maximum possible loan duration
• Loans greater than Rs 4 lakhs require third party security

Below are the documents that needs to be submitted :--

1. Letter of admission.
2. Duly filled and signed loan application form.
3. 2 recent passport size photographs.
4. Statement of cost of study.
5. PAN Card, AADHAR card of student and parent/guardian.
6. Proof of identity and proof of residence.