Fees & Charges
Promised Interest Rate
"I had a very good experience with SBI Bank based on the Education loan.They have not required any guarantor to process the loan.I havenâ??t faced any difficulties still the closing of the loan process which is a advantage.The response provided by SBI Bank was very 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.