Fees & Charges
Promised Interest Rate
"The documentation process was simple with simper documents provided at the beginning for applying the educational loan with the INDIAN OVERSEAS BANK. The loan approval was soon, for each semester i got the loan amount Overall service is good."
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.
The documentation process was simple with simper documents provided at the beginning for applying the educational loan with the INDIAN OVERSEAS BANK. The loan approval was soon, for each semester i got the loan amount Overall service is good.
I took my education loan with Canara Bank long back ago. The interest rate is good and monthly installment will be paid through online. The customer service was good and the response was immediate. Am paying monthly 10K to complete this loan.
I had taken this Educational loan a pretty long time back and the experience i had with them was not that great. Their customer support team was not professional and where not responsive as well. The interest rate with them was also quite high as well. There was a subsidy which was provided and there was not much charges which they made.
I got education loan through ANDHRA BANK , there is zero processing fee with this bank . Customer support is very good they are very helpful to me . Interest rates were reasonable.My application was processed on time and there was no delay. Overall it is good .
I have taken my educational loan from Indian Bank. Since i had a friend to follow the educational loan status hence i have approached them. I bought the loan amount of Rs. 70000 and i have closed the loan too. I'm not convenient with the interest rates since its high. They have sanctioned the loan immediately. There was some processing fee but it was nominal.
In SBI education loan service is good, the interest rate is fair enough compared to others, they reals ed the amount based on the semester. The customer agents wont give detailed information about the bank products , I am very fine with the loan part.
They are charging the higher interest rates for educational loan. I bought my education from Indian Overseas bank. I purchased the loan 12 years before. The documentation process was too lengthy. Every time we need to follow up them to sanctioned the loan. The overall loan process was average.
Its not yet completed, I have taken the Education Loan in Indian Bank in the year of 2010. Am paying the interest rate on correct basis and there won't be any issues on the charges but don't have much experience. I am paying monthly Rs.5000 and the interest is Rs.700per month. The loan amount was 2.5L, They have disbursed very quickly and rate of interest was reasonable.
I have taken my Education loan with Syndicate bank for my daughter,this loan is still running, and there service is good,they have given me sufficient loan amount to me, and the rate of interest they have charged me was fixed they have charged me up to 10-11% which was nominal for me, and they have not charged me processing fee,it zero processing fee they have taken, they have given me 5% discount, there is no hidden charged they have taken from me,the manager of that bank is well know,so he take card of the documents ,and use to co-operative with me well.
I have taken an education loan with CBI and my experience was good, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good with CBI and tenure period for this loan is 5 years.
My educational loan was taken with IOB. If you done a proper follow up i will get a loan surely. They have sent a representative for a documentation purpose. I have closed the loan 4 years ago. I did not face any difficulties with IOB. They have approved the loan 25 days 25 days in buffer and they have sanctioned in 3 days.
I haev taken the education loan with the CORPORATION BANK where i have taken the loan on 2009 and the process is good and simple to get the loan. The loan amount is good and satisfactory. The rate of interest is 12.5% which is nominal comparatively.
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