#1
13th January 2018, 12:42 AM
|
|||
|
|||
Are there any banks or financial institutions which provide interest free education loan?
I want to pursue M.Tech but, I'm financially not sound. Therefore, I'm looking to take a loan for it. Please, let me know if any bank or financial institution provide interest free education loan or not?
|
#2
1st April 2018, 10:29 AM
|
|||
|
|||
Re: Are there any banks or financial institutions which provide interest free education loan?
No bank or financial institution will sanction education loan with zero interest. You have to pay some interest on the loan you apply for education purpose, however, the rate of interest may vary from bank to bank.
For your kind information, I want to tell you that, you have to pay the education loan after completion of education. You can start paying the education loan in installments after 6-12 month of completion of education. To apply for education loan, you are required complete fee structure of college on letterhead. You have to visit the bank and submit the necessary document like photocopy of 12th mark sheet, identity proof, address proof, affidavit as per bank requirement, passport size photo etc. After completion of loan process, the bank will issue you a Demand Draft in favor of college and the same amount will be debited in your loan account. |
|
Related Topics: |
||
Thread | Replies | Last Post |
How can I get a Student Loan to study B.Tech being a backward student? | 1 | 31st January 2016 09:15 PM |
How can I apply for Student Loan to study Master of Hotel Management in Singapore? Procedure to repay and features of Student Loan? | 1 | 1st June 2015 11:20 PM |
Being a BPL student, how can I get loan to study B.Tech? | 1 | 11th November 2014 01:40 PM |
A B.Tech student who have already taken an education loan can take another loan for personal use? | 1 | 7th October 2014 09:07 PM |
Which student loan should I consolidate first, Private Student Loan or Federal Student Loan? | 3 | 18th January 2013 10:32 PM |
|