Education and Career Forum

Hello everyone, my father is insisting me to apply an education loan from Indian Overseas Bank. Can I know about the benefits which I will get if I apply an education loan from this bank? Kindly tell me about this.

Benefits of applying an education loan in Indian overseas Bank

No interest rate

No hidden costs and administrative charges

Less paper work

No processing fees

No security required for up to 4 lakhs

0.5 0% concession for girl students

Benefits of education loan
Low interest rate
No hidden cost
No administrative charges
Less paper work
No processing fee
No security required upto 4 lacs
0.50% concession in interest for girls
Easy availability of loan.

Benefits of applying an Education Loan in Indian Overseas Bank:-

Some Advantage are:-

1 - Low interest rate
2 - 0.50% concession for girls
3 - Less formalities
4 - No security up to 4 lacs
5 - No processing fee etc.

Maximum of 30 lacs for studying in India and 40 lacs for abroad is being provided.

Benefits of applying an Education Loan in Indian Overseas Bank:-

Following are some of the advantages of applying for an education with Indian Overseas Bank :-

No interest rate
No hidden costs and administrative charges
Less paper work
No security required for up to 4 lakhs
No processing fees
0.50% concession for girl students.

Benefits of applying for an Education Loan in Indian Overseas Bank?

Lower Interest rates.

Moratorium holiday-Pay after your course completion.

Education loan interest subsidy.

Tax benefit- Section 80E.

Build your CIBIL score.

No need to liquidate valuable assets.

Benefits of applying an Education Loan in Indian Overseas Bank?

Opting for an education loan reduces the strain on your family savings and eliminates the need to liquidate your investments in fixed deposits, mutual funds or bonds.

Besides, the interest on an education loan is eligible for a tax rebate under Section 80 E of the Income Tax Act 1961.

Following are some of the advantages of applying for an educational loan with Indian Overseas Bank (IOB):-

1- Low interest rate.

2- No hidden costs and administrative charges.

3- Less paperwork.

4- No processing fees.

5- No security required for up to 4 Lakhs.

6- 0.50% concession for girl students.