Education and Career Forum

Sir,
I have already secured admission in US for Undergraduate in Aerospace Engineering for my very good academic background. But the problem is that the course fee which is Rs. 40 Lacs. My father died last year as he was a Principal of a High School. Now it is a D/H case and taking time for the processing to get the job for my mother. I can manage Rs. 8 Lacs from home and depending rest on Educational Loan. Can I get an Education Loan of Rs. 32 Lacs for studying in Abroad in this critical position? If yes then how?

No, you cannot take Rs. 32 Lac as an education loan because the bank will sanction a maximum of Rs. 30 Lac as an education loan to study abroad. You need to visit the nearest branch of the bank and have to meet the branch manager, he will guide you in filling up the application form or else you can apply online also by visiting the official website of the bank. After that you need to click on the tab "personal loan" then after sub tabs will open you have to click on the tab "education loan" then after "study abroad" after that you have to download and have to fill up the application form.
The borrower must be an Indian citizen and must have got a secured admission.
The candidate needs to submit the documents required by the bank such as Admission proof (prospectus/admission letter, fee receipt, etc.), Educational documents, ID proof, Address proof, Income certificate of the parent, Income tax return of the last two years, Bank statement of last 6 months, Passport size photograph, etc.