Fees & Charges
Promised Interest Rate
"OBC educational loan process was very nice. They had some other things like if we want to submit all our loans before the date we can submit it. I was able to pay off the entire loan before 6 months where as other banks does not provide this facility within 10 days I had got the approval on time. The only pitfall here is I had to visit the branch for submitting the documents. "
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.