Education and Career Forum

Dear Sir/Madam, I want to apply for an education loan for studying MBA course. I would like to know that if I apply an education loan from Corporation Bank then what benefits are available for me? Please let me know about this asap.

Benefits of applying for an Education Loan in Corporation Bank for MBA aspirant:

Less paper work,
Low interest rate,
No processing charges for study in India,
Faster Disbursal,
Hassle-free application process,
No prepayment fees,
0.5% concession for female students.

Originally Posted by Unregistered

Dear Sir/Madam, I want to apply for an education loan for studying MBA course. I would like to know that if I apply an education loan from Corporation Bank then what benefits are available for me? Please let me know about this asap.

Corporation Bank offers the following benefits for education loan:

There is no security for education loan up to Rs 4 Lakhs

Students can get up to Rs 10 lakhs for studies in India and Rs 20 Lakhs for studies abroad

There is no margin required for an education loan of up to Rs 4 Lakhs and above Rs 4 Lakhs – 5% for studies in India and 15% for studies abroad

Students belongs to SC/ST/Women/Physically Challenged can get concession in interest rate of 50 bps

There are no processing charges

There are no repayment charges

Students can repay the education loan in 15 years period, irrespective of the loan amount

Repayment Holiday or Moratorium Period – Course period + 1 year