Education and Career Forum

Hi
I am planning to pursue my MBA in the United States. I am looking for an Education Loan. Can you let me know the best Banks for the same in terms of Interest rates and Processing. Thank you in advance.

The Educational Loan aims at providing financial support from the banks to deserving student for pursuing higher education in India and Abroad. Almost all the Banks will provides the Education loan to the students, who are in need of loan, with different schemes and different interest rates. Some of the Banks which will provides loan are given below.

List of Banks provides Education loan:

1. State bank of India
2. Union Bank
3. Bank of India
4. Bank of Maharashtra
5. Indian Bank
6. United Bank of India

There are various banks in the market which offer education loans. Almost all the banks have more or less the same norms and terms and conditions and the interest rate is same for all the banks. This is because it is governed by Reserve Bank of India. However, State Bank of India offers 1 percentage lesser interest rate than other banks. ICICI is the fastest in processing education loan request. Other banks have also become fast in modern times owing to more computerized work and higher competition. The list of banks which provide education loan is attached below for your kind reference.

First of all i would like to tell you that for applying education loan you have to fulfill a specific criteria described by the different banks. As you are planning to study in abroad so you have to submit a photocopy of the candidate visa in the bank. You can take a maximum loan of 15 lac from any of the government bank. Some of the best service provider banks are State bank of India, United bank of India and Union bank. You can apply in any of the bank that is available nearby your permanent residence.

Originally Posted by Unregistered

Hi
I am planning to pursue my MBA in the United States. I am looking for an Education Loan. Can you let me know the best Banks for the same in terms of Interest rates and Processing. Thank you in advance.

Since, you want to study abroad. So, there are few banks that provide the education loan for the study Abroad. So, i will suggest you to apply for the loan from the HDFC bank or HSBC bank for the abroad study. As these bank has easy transaction at the foreign country.

My daughter is going to join LLB in Pondicherry govt law college.how can we get loan from state bank of india.is there any age limit to get the loan