Fees & Charges
Promised Interest Rate
"My experience with TMB in terms of educational loan is good. I had applied for a home loan also. It is under process. The rate of interest and other charges are nominal when compared with other banks. The customer service is good, they are loyal to the customers."
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.