Education and Career Forum

Hello Sir/Madam,
I want to know that what is the process of applying an Education Loan from Central Bank for B.Tech course? I have got 140 marks in JEE Main and 92% in 12th standard. Please tell me the interest rates of this Bank against an Education Loan?

You will have to provide the Letter of Admission from your University as a document to the Bank.
You will have to also provide a guarantor.
You will also have to provide the IT Return filed by your guarantor in the last Financial year as a document to the Bank.
Once you have provided all these documents your Loan will be sanctioned by Central Bank.
The interest rate charged for the Floating rate is 10% p.a and that for the fixed rate is 11.25% p.a.

Procedure of application of education loan -

- Approach the bank with the admission letter and prospectus of concerned college.
- Contact the branch manager and have a detailed discussion with the branch manager concerning the education loan.
- Get to know the terms and conditions in detail as well as the formalities which you need to follow.
- Act as per bank's instructions to get the education loan sanctioned. The interest rate fluctuates fromntim time to time as per orders from Reserve Bank of India. Usually it fluctuates in the range of 13-14.5 percent. Usually it is computed as simple interest for the entire study period.

Heloo.
What are the best colleges for b-tech aeronauticals for diploma mechanical holders