#1
19th December 2015, 03:05 PM
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Do Banks Give Student Loans
I want to do higher studies, as I belong to the middle family so my parents can not afford the fees of my higher studies so please tell me Do Banks Give Student Loans for higher studies in India?
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#2
19th December 2015, 03:07 PM
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Re: Do Banks Give Student Loans
Most of the Public Sector Banks in India provides the Student Loans For Studies in India Students can borrow up to Rs 4 lakh without providing any security or margin. A loan amount of Rs 4 lakhs to Rs 7.5 lakhs can be availed against a third-party guarantee. This loan comes with a five percent margin The third-party guarantee can come from an uncle, neighbor or friend standing guarantee for the full amount. Documents required Mark sheet of last qualifying examination for school and graduate studies in India Proof of admission to the course Schedule of expenses for the course Copies of letter confirming scholarship, etc Copies of foreign exchange permit, if applicable. 2 passport size photographs Statement of Bank account for the last six months of borrower Income tax assessment order not more than 2 years old Brief statement of assets and liabilities of borrower If you are not an existing bank customer you would also need to establish your identity and give proof of residence. Eligibility for getting a loan: The applicant should be an India National Applicant must have secured admission to professional/ technical courses through Entrance Test/Selection process Banks offering Education Loans in India Andhra Bank Allahabad Bank Axis Bank Bank of Baroda Bank of India Bank of Maharashtra Bank of Punjab Bank of Rajasthan Bassein Catholic Bank Bharat Overseas Bank Canara Bank Catholic Syrian Bank Central Bank of India Centurion Bank of Punjab Citi Bank City Union Bank Corporation Bank Dena Bank Development Credit Bank Dhanalakshmi Bank Federal Bank HDFC Bank HSBC ICICI Bank Indian Bank Indian Overseas Bank IDBI Bank ING Vysya Bank Jammu & Kashmir Bank Karnataka Bank Karur Vyasa Bank Lakshmi Vilas Bank Oriental Bank of Commerce Punjab & Sind Bank Punjab National Bank Ratnakar Bank Saraswat Bank SBI Commercial and International Bank South Indian Bank State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of India (SBI) State Bank of Indore State Bank of Mysore State Bank of Patiala State Bank of Saurashtra State Bank of Travancore Syndicate Bank Tamilnad Mercantile Bank Ltd Thane Janata Sahakari Bank UCO Bank Union Bank of India United Bank of India United Western Bank Vijaya Bank |