Fees & Charges
Promised Interest Rate
"I have taken the educational loan from State Bank of India. Since i have a savings account with them, i have chosen this bank. Their interest rates are nominal. Based on my father's recommendation, i have selected this bank. I have finished the loan and the amount got deducted through ECS option by every month. "
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 taken the educational loan from State Bank of India. Since i have a savings account with them, i have chosen this bank. Their interest rates are nominal. Based on my father's recommendation, i have selected this bank. I have finished the loan and the amount got deducted through ECS option by every month.
I have taken Educational Loan on 4 years back from UNION BANK OF INDIA. When I was at my hometown got this loan offer with sufficient amount. The rate of interest is nominal. So far I haven't faced any additional charge from their end. Their service is good and prompt.
SBI banking service is not good compared to private sector bank, they need to improve a lot. They are not intimating the EMI details and other hidden charges. I got the loan 14 years before when i was doing my studies. SBI is the only bank was available in my area so that i have selected for an educational loan. I have completed the loan by paying the entire amount. I got my NOC letter too.
Indian overseas bank provided me an educational loan during the emergency time and it was a helpful loan service. Their interest rates are moderate. One of my family friend supported me to take this loan in the year of 2011. I have fully repaid the loan on 2015. Bank staffs were helpful and co-operative throughout this process.
I had taken Educational loan with BANK OF INDIA on 5 years before. Since my sister has already took the loan from this bank so I preferred it. Rate of interest was applicable. Their service was average because they took one month to sanctioned the loan and they have not given easily. I had submitted only certificates.
My educational loan was taken from Bank of India Its because branch is located to nearby my home town. I am not sure about the loan amount because the loan amount got credited directly to the college account. Purchased this loan 10 years before. They took 3 months to sanctioned this loan. They have followed lots of terms and conditions. The documentation process was very difficult to handle.
Educational loan is running with Canara bank and the loan amount was either Rs. 4,00,000 or Rs. 5,00,000. I guess the rate of interest was 11% . Tenure was 10 years I think but am not sure. I received the loan amount on time. I have not contacted the customer service yet.
I have taken a education loan from Canara bank. My loan amount was Rs. 82,000 with tenure 4 years.I am not sure about rate of interest and emi what i am paying right now. Customer care service and responsiveness is good. That was very faster approval and I got the loan easily.
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.
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