SA_Scholarships & Loans

It is really difficult to find a best education loan for abroad studies. There are several factors to select a best one such as interest rate, loan amount, repayment tenure, processing fees, collateral security and more. All you need to do is explore different options of education loans and compare to find that suits your objective.

The best education loan providers are those banks that offer enough to cover education expenses at competitive interest rates:State Bank of India (SBI)HDFC BankAxis BankAvanse Education LoanPunjab National Bank (PNB)Bank of BarodaICICI BankFederal BankUnion Bank of IndiaIDBI BankApart from these, you can find some other loan providers. It is suggested to compare their loan schemes.

It totally depends on the loan amount and the loan sanction time. But I am a student, and I know that the educational lone does not sanction in the first semester. If you applied for a loan at the start of the first semester, then the responsible bank takes at least 4 months to sanction, so you should have to pay the seat reservation fees. At least you need 2lakhs in your hand before admission, I know the amount is not so small but if you want to go to that college then you should have that much amount in your hand.

Yes, you can get an education loan if you score 85.5% in your board exams. The eligibility criteria for education loans typically include a minimum percentage of marks in the previous academic year, which is usually 50% or higher. However, some banks may have more stringent requirements or offer special schemes for meritorious students.

The upper limit to extend concessional credit through various NHFDC schemes would be INR 50 Lacs per beneficiary/unit. The actual loan amount within the upper limit of INR 50 Lacs shall be determined by implementing agencies based on the needs of the activity/project being funded as well as repaying capacity of the borrower within the maximum repayment period. For details, students can check the table below:Rate Interest  (%)Implementing Agency margin  (%)Rate of Interest to PwDs (%)Loan amount-INR 50 lakh- 1%34

Once students get an offer to join the course at Kirloskar Institute of Management, Pune, they can approach any of the SBI branches, Bank of Baroda and IDFC Bank across India to avail education loan facility. Besides, the institute also provides scholarships to meritorious students.