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I have availed Education loan through UCO Bank directly .I have got the loan very quickly .I have got this loan with good rate of interest ,Still this loan is active and i will be closing this loan within 2 months .I have directly contacted Bank Manager and got this loan .There was no difficulties faced so far.
I took the educational loan from SBI and in my home town, only SBI available so there was no chance to contact with other banks. When i took the loan, i do not have any knowledge about the interest rates. Without proper information, they have deducted the money for insurance and all. When i come to know about this, i was not happy about the loan. I closed the loan in a proper way. I took the loan amount of Rs. 90000 but when i paid the amount was Rs. 2.5 lakhs. The bank manager behavior was not good and they treated me like a slaves. The way of approach with the customer is not good.
From Canara bank, they have given me a loan immediately. Time belongs to the institute, they got only one signature after that they have provided me a loan. I bought the loan amount of Rs. 2.3 lakhs and they have provided me a interest rate of 8%. EMI tenure period has not started so far.
There was no other nationalized bank in our region thats the reason i approached the syndicate bank for my educational loan. I got the loan amount of Rs. 2.38 lakhs and they took around 20 days to sanctioned the loan. The interest rate is 12% and i have closed the loan 5 years back.
I am running an educational loan for my daughter with Indian Overseas Bank without any issues. I just applied for a loan and they have sanctioned the amount immediately. In my district, totally having 15wards which they have segregated 1-8 for SBI and 9 to 15 as IOB hence have approached this bank. The interest rate is transparent and explained while processing the loan.
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Reviewed on Sep 24, 2019
I have applied for an educational loan with State Bank of India but they have rejected the loan and even I made a complaint then they have provided me the loan. The interest rate is economical but the services are not good as per my personal experience.
Unione Bank of India process was faster, I availed for Rs. 1 lakh of education loan for the duration of 7 years. The rate of interest was nominal around 11.5% per annum, they do have part payment and foreclosure option. They release the amount based on the semester it was a good experience overall.
I closed my father home loan from Corporation bank, the outstanding amount was Rs.10.45 lakhs for the duration of five years. The rate of interest was reasonable around 9% per annum and it was floating one. The process for closing the loan is very simpler. The response is very supportive because its my local branch.
During my engineering studies my father took education loan from SBI, the process was very difficult because they are not supportive and transparent. At that time the government started subsidiary who earn less income but bank was not disclosed it. I availed Rs.4.2 lakhs for the duration of five years.
I am about to close my SBI education loan, the amount was Rs. 1.90 lakh, initially the rate of interest was very higher around 13.99% when I compared the education loan with car loan other banks are offering less interest. The SBI customer care service should be more proactive and they are providing lack of information.
Long back, I have taken a Educational loan for my college studies in Central Bank of India which was closed. This is the one bank where I get this help, their services are not good. They don't have online facility every time I need to visit the branch. The staffs are not helping the customer in a good manner. The interest rate is low.
Andhra bank had a tie up with college. When i approached them, it was easy process to availed the loan hence i have selected the Andhra bank for my educational loan. The repayment process also very lite. Took the loan amount of Rs. 4 lakhs and I'm not very sure about the interest rate. The EMI amount is Rs. 8000 per month for the tenure period of 4 years.
Taken my educational loan from Canara bank and the service is excellent. When the repo rate is reduced by RBI, Canara bank will also reduced the interest rate even they have given me a subsidy also. They took 15 to 20 days to sanctioned the loan. I took the loan amount of Rs. 4 lakhs. We can track the status of the loan through their app also.
Got my educational loan from Punjab National Bank. The only thing about the bank is rate of interest is low. Since its a nationalized bank, the process was bit slow. During that time, it was only bank provided me a hassle free loan. I have closed the loan within 3 years.
Chosen my educational loan from Canara bank since i had a account with them, i have approached them. They took 1 year to give the loan. Interest rate is very less and there was a special scheme to get the loan. I applied the loan amount of Rs. 2.5 lakhs. I have closed the loan in the year of 2014.
I have a educational loan from Canara and its because of the lower interest rates i have chosen them. They have sanctioned the loan in 1 week. I applied the loan amount of Rs. 10 lakhs and i got the same amount. The documentation process is pretty easy. I have not started paying the EMI. The staff response is fine in the branch.
In the year of 2005, i have taken a educational loan from Indian bank and i have closed the same in the year of 2010. Since the interest rate is less hence i have chosen them. When i took the loan, the rates were less and they took 3 months to sanctioned the loan.
I recently closed Indian overseas education loan in the last month. I have taken Rs.1.45 lakh for three years, the amount was released based on the semester, the process was easy. IOB have quoted 12% of interest and there is no processing fee.
I have applied for educational loan with the ALLAHABAD BANK on 4 years before. The amount which was given sufficient for the tenure period of 10 years. The documentation process was simple. The rate of interest given was nominal. There is a pre closure option.
When i was doing my post graduation i got my education loan from State bank of India. They came to my college and filled my application and within a week, they have provided the loan to me. The given interest rate is 8.75% which is a variable rates. I have taken the loan amount of Rs. 5 lakhs. I have closed the loan and got my NOC letter.