Fees & Charges
Promised Interest Rate
"I do have education loan with Central Bank of India, the experience was good. I studied in reputed college hence the service was door step. The bank response is some what lacking, they need to improved. I took the principal amount of Rs. 6.80 lakhs, the interest rate is very less compared to all. "
Any of the following courses, as offered by recognized universities, is eligible for an education loan in India-
Generally, there are no restrictions. Most banks and financial institutions do not impose this rule. However, certain lenders do mark an age limit spanning from 16-35 years.
Not immediately. However, after you start repaying, you are free to deduct the loan interest amount from your total income when calculating tax.
The applicant is expected (and mandated) to submit his/her progress reports periodically. The progress reports could be mark sheets or a suitably attested letter from the applicant’s school/college.
I took educational loan from Syndicat Bank, they are slow in their process they should be more proactive to the customer queries. The interest rate is very good for this loan I took the loan amount of Rs. 1.6 lakh for the duration of two years, they do have option to track the loan history through online but they need to develop their platform.
I do have education loan with Central Bank of India, the experience was good. I studied in reputed college hence the service was door step. The bank response is some what lacking, they need to improved. I took the principal amount of Rs. 6.80 lakhs, the interest rate is very less compared to all.
I took more than 2 lakh as a education loan form Corporation bank . While taking the loan , they said there is no interest for education loan . After that, they are suddenly including the interest without any prior information . They are adding compound interest in my loan . Now I have to pay some thing around 80 thousand as a balance amount .
I had taken an educational loan with State Bank of India. The customer support is good and there are no hassles in the process. The documents was taken on time and there has been no hassles till date. The rate of interest and processing fees is also good.
My eduction loan was taken with State bank of India previously,they have given me good opportunities,and the loan amount which they have given me was good,the rate of interest they have charged me was 13% which was nominal.Now i have successfully closed this loan in this January.
I taken my Education loan for my UG studies in Indian Overseas Bank .A amount of 4 lakh has been provided on the yearly basis . I started to pay back the loan and almost 24 months of EMI has been completed . But I am not happy with the interest rate for Educational loan .
I have taken the education loan with the INDIAN BANK the documentation process was simple and i got the loan within few days. I have got the loan amount for each semester. The customer service is good and i am satisfied with this education loan.
I have taken the EDUCATION loan for the master with the STATE BANK OF INDIA and i have closed it before 6 years. The documentation process was simple and easy to get the loan i got the loan amount for every year. The rate of interest is 10.5% and at the time of closing it is 9.5% with this bank.
I have been holding my education loan with State bank of India previously.The loan amount they gave was sufficient,and the rate of interest it was very low, they charged me up to 50 paise as interest rate, and they have charged me processing fee up to 3000-4000,now i have successfully closed this account.
They have given ample of time in my education time. I have taken the loan amount of Rs. 1 lakh and I'm paying the minimum EMI of Rs. 4000 every month. I never received any calls from them regarding the loan process and there is no proper customer care service so far. Total tenure period of the loan 7 years. When i applied the loan, it got approved easily in SBI.
I had education loan with SBI it was cleared, I was taken long time. The interest rate was better compared to private banks. There were other features, I conveniently used to reach the bank its was near to my college. On time they sanctioned the loan based on every semester. Bank people were very supportive. Its easy, fast and hassle free experience with them. Where go for admission to the foreign country CITI is best but for within India SBI is the best.
I have been using my educational loan with DENA bank,the loan amount which they have given me was sufficient,the rate of interest they have charged me was nominal,they have charged me up to 9% it is nominal,the processing fee they have not charged me ,it is zero processing fee,and now the loan had been closed , i am not happy with there service.
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