Fees & Charges
Promised Interest Rate
"For my education , I took a loan amount of more than 1.5 lakh from SBI . In SBI getting any details and information from branch people is very difficult . Thank god . Some how they reduced my interest rate .Because of that , I completely paid my education loan . "
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.
For my education , I took a loan amount of more than 1.5 lakh from SBI . In SBI getting any details and information from branch people is very difficult . Thank god . Some how they reduced my interest rate .Because of that , I completely paid my education loan .
I have taken the education loan with the STATE BANK OF INDIA the documentation process was simple and i got the loan within days but the approval got delayed. I get the loan amount for each of the semester. They have offered the satisfactory loan amount.
I have chosen Syndicate bank for my Education loan where they have offered good rate of interest based on the market price , where i have taken loan 8 years back where they have informed the rate of interest will be calculated after 6 years , but actually they have charges from the very first year which is not conveyed properly to me . Where they have given tenure period of 61 months .
I have been using paytm service from past 2 years, there mobile application is user friendly i did not face any complication in this card and i use paytm service for multiple purpose like for shopping or else for recharge purpose or for booking airline tickets etc first they have given good cash back in this service but now its low.
I have taken an education loan with SBI and my experience was good, the loan amount was for Rs 3 lacs with nominal interest rate when compared to others. Customer service was good with SBI and they responded on time. The tenure period for this loan is 4 years.
I have taken a Education loan with Oriental Bank of Commerce and my experience was good, the loan amount was for Rs 8.5 lacs with nominal interest rate when compared to others. I received my loan amount on time and the customer service was very good. The tenure period for this loan is 15 years
The STATE BANK OF INDIA has approved my education loan around 3 years ago. The customer support service and the response is good with the State bank of India. They have disbursed the loan amount within 2 months time. The rate of interest and the charges are high with the STATE BANK OF INDIA education loan.
I have taken an Education loan from Syndicate bank and my experience was good. The loan amount was for Rs 2.80 lakhs with high interest rate of 13%. The process was quick and i received my loan amount on time. The tenure period for the education loan is 10 years.
Got my Education loan from corporation bank , As the rate of interest is promising one compared to other bank. I paid my emi through monthly ECS as i finished my education before the tenure period given by the bank. And overall my experience is good.
I have taken Education loan with State bank of India,the loan amount is 7.50 laksh,the tenure is for 20 years.The EMi amount is 20,000 i make online payments.I have no processing fees,they had processed the loan within two weeks. Customer service is very good.
I got my education loan sanctioned in lesser times with no hassles as compared to public banks. Got an industry standard interest rate. Service is good and process is fast. Complete help was done during property evaluation and documents collection.
I have taken an education loan from PUNJAB NATIONAL BANK. The approved loan amount was 1.2 lakhs with a rate of interest of 12.75%. i got 7 years of time and after that i started paying the loan amount after getting the job. I paid 30 EMI's and completed the loan. The interest was bit high.
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