Can I apply for an Education Loan in IndusInd Bank for my son's education? Expenses covered under this Education Loan policy?

#1 8th October 2016, 01:08 PM

I want to know that I can apply an Education Loan for my son's education in IndusInd Bank? I have an Account in this Bank. Can I know what expenses can be covered in this Education Loan?

#2 30th October 2016, 07:19 PM

You can apply for Education loan if you have account in IndusInd Bank. You will have to submit following documents for education loan from this bank:

*Loan letter from college.

*Whatever expense is covered under loan letter issued by college bank will finance you that amount like tuition fee, hostel fees, library charges, laptop etc.

Upto 4 lacs of rupees of education loan, there is no need of either guarantor nor collateral. For Education loan above 4 lacs to 7.5 lacs, you will require a guarantor for sanction of education loan. For education loan above 7.5 lacs, collateral is required.

#3 24th May 2019, 08:37 PM

I need education loan for my MBA program. What are the documents required? Do I need to have a guarantor or co obligator for the loan to be passed?

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Can I apply for an Education Loan in IndusInd Bank for my son's education? Expenses covered under this Education Loan policy?

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