Fees & Charges
Promised Interest Rate
"BOB educational loan is the best. Even if I failed to make the payment, they dont send the collection executives to collect the payment nor I was bothered with the collection calls, they were pretty cool. They dont charge any late fee nor any interest for the same which I liked the most. I can walk up to the bank and get my issues sorted out. "
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.