Education Loan in indian bank

1
Education Loan in Indian bank

• In India, bank offers various Education Loan at
  an affordable interest rate with flexible
  repayment tenure of up to 5 to 7 years. Students
  can get a loan for their higher education in
  India as well as abroad.
• Interest Rate of financeseva for Education Loan
• Loan amount  -                 Up to 30 lakhs
• Interest rate   -                   _at_9.75
  onwards
• Loan tenure   -                    Up to 7 years
• Processing fee  -                 Nil

2
Interest rate by top Indian banks  
Bank name   Interest rate  
Avanse   10.50 
HDFC Bank Ltd.  8.50 
Bank of Baroda  8.25 
Punjab National Bank  7.30 onwards  
Axis Bank Ltd.  13.70 
Credila Financial Services Private Limited   8.25 
State bank of India  7.97 
3
Purpose of Education loan 

• There are several purposes of Indian bank
  education loan given below-
• It covers the expense of stationery, uniform, and
  books. 
• Passage money for higher education abroad. 
• Hostel, library, and education fees. 
• Purchase of tablets, laptops, etc. 

4
Eligible courses 

• Studies in India 
• Students who apply for undergraduate,
  postgraduate courses, or Diploma are eligible to
  get education loan from Indian banks. 
• It can also be provided for computer certificate
  courses from the department of Electonics. 
• Studies Abroad
• Indian banks provided education loan for
  technical courses given by universities, or
  job-oriented professionals. 
• Students can apply for various courses such as
  MCA, MS, MBA and courses conducted by CPA in USA,
  and CIMA in London, can get education loan from
  Indian Banks.