Fees & Charges
Promised Interest Rate
https://graph.facebook.com/900254716682339/picture?type=large "Interest rate offered by Indian bank for the education loan is really good. Customer service offered by them was not that good as it is a Government Bank we cannot expect much from them. However, if I forget to make the payment they will pressurise us to make the payment. Even if we are asking any question they wont be able to respond instantly."
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.