Education and Career Forum

I would like to avail education loan for my daughter, who is in 5th semester of B.Tech Mechanical Engineering M.Tech Product Design course in Indian Institute of Information Technology Design and Manufacturing, Kancheepuram, from 6th semester onwards. Kindly let me know which bank can offer me loan.

Yes. Banks and other financial institutions do provide loans for higher education around the middle of semesters. Although the application process, eligibility requirements, and interest rate for the education loan would basically be the same as those for a regular education loan, you might need to verify with your bank for details.

Yes, you will get an education loan from sixth semester onwards.

Fill the application form, fill it online or offline with required documents like, Guarantor form, marksheet, admission letter, degree certificate and passbook and submit it to the bank.

This benefit of applying during the course allows you to get back the tuition fees already paid to the college and use an education loan instead.

Hence, the loan amount can cover the future fees or even the fees already paid to the college in the first semester.