Fees & Charges
Promised Interest Rate
"I have availed Education loan through UCO Bank directly .I have got the loan very quickly .I have got this loan with good rate of interest ,Still this loan is active and i will be closing this loan within 2 months .I have directly contacted Bank Manager and got this loan .There was no difficulties faced so far."
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 have availed Education loan through UCO Bank directly .I have got the loan very quickly .I have got this loan with good rate of interest ,Still this loan is active and i will be closing this loan within 2 months .I have directly contacted Bank Manager and got this loan .There was no difficulties faced so far.
In the year of 2005, i have taken a educational loan from Indian bank and i have closed the same in the year of 2010. Since the interest rate is less hence i have chosen them. When i took the loan, the rates were less and they took 3 months to sanctioned the loan.
In KARUR VYSYA BANK I was taken an educational loan on 8 years before. It was applied directly to bank and the process was good on time they have sanctioned the loan. The loan amount was sufficient for the tenure of 4 years, the rate of interest was nominal. Once closed the loan they have provided NOC letter on time.
From Indian overseas education loan is very good, they sanctioned Rs. 3.4 lakhs the interest rate is good. The bank staffs are very helpful during the loan process. They sanctioned the amount in one shot, the bank manager is well known by spouse.
I have taken an educational loan with State Bank of India. I did not find any hassle in it. The process was good and within 3 days they have sanctioned a loan. The rate of interest was nominal for this loan from institute I have taken a loan. On time I closed the loan.
I have education loan with Axis with reasonable interest rate, I took the loan amount of Rs. 2.3 lakhs for the duration of five years. They part payment and foreclosure option is good, the process was faster and they disbursed the amount in one shot its a good experience.
I was taken an educational loan in SYNDICATE bank for more than 7 years which was processed directly to bank.The loan amount was sufficient for the tenure of 4 years. On time loan got sanctioned. The rate of interest and the processing fee are reasonable. There are some additional charges also applicable for this loan. Now I have closed the loan.
I closed SBI education loan because they handled over to the third party for collecting the money they are not clear in their updates. They are taking double charges from the customer hence I done the settlement, I took the loan amount Rs. 2 lakhs for the duration of four years.
I had taken an Educational loan from INDIAN BANK a long time back and the experience had been pretty decent. The process did not took much time and the interest rate with them had been nominal as well. Their customer support team and their staffs had been quite helpful at times. They have not charged me any hidden charges.
I had a good experience with Andhra Bank on educational loan and closing the loan was very very easy. The customer service is very really supportive. The rate of interest is lesser and there was processing fee but they waived off for me.I got NOC and it was on the same day.
The interest rate of SBI bank is very high even for the educational loan. They have provided the loan for students with some concession. The loan got sanctioned the loan within a week. Since i have studied in NIT, they have approached the student for the loan and its a scholarship school. They gave this loan only for the merit students. In 2017, i have closed the loan.
I have taken a educational loan in Indian Overseas Bank, the interest rate is okay which is still on going. Initially I had some inconvenience, the loan process was immediate. I pay monthly nearly 4K through online, the payment gateway is convenient.
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