Education Loan India For Studying Abroad

Hi I would like to know the rate of interest charged by the various banks in India which offer education loans for abroad studies?

[Pathak]

Bank of Baroda offers advances of up to Rs 20 lakhs with a rate of premium for each annum of 12% for credits above Rs 4 lakhs.

Canara Bank presents to Rs 20 lakhs with a rate of premium for each annum of 12% for credits between Rs 4 and 7.5 lakhs and 9.5% for advances more prominent than Rs 7.5 lakhs.

Pivot Bank presents to Rs 20 lakhs and its rate of premium per annum ranges from 13.75% to 15.75%.

Credila (of the HDFC Bank Company) presents to Rs 20 lakhs and its rate of premium per annum is 13.5%.

ICICI Bank presents to Rs 20 lakhs and has a yearly loan cost of 15%.

Indian Overseas Bank presents to Rs 40 lakhs and charges a yearly loan fee of 15%.

State Bank of India presents to Rs 30 lakhs with a yearly loan fee of 13.75% for sums between Rs 4 – 7.5 lakhs and 11.75% for sums above Rs 7.5 lakhs.

[B]Education loan for abroad or for India generally cover[/B]

Educational cost expenses

Charges for examination, library, research center and lodging

Expense of acquiring books, gear, instruments and uniform

Travel costs for concentrate abroad

Alert cash, refundable store, and so on.

Study visits, trade projects and venture work

Reports Required

Concentrate Abroad

Mark sheet for last qualifying examination for school and graduate studies in India

Confirmation of admission to the course

Calendar of costs for the course

Duplicate of letter affirming grant, if any

Duplicate of Foreign Exchange grant ( if accessible)

Two travel permit size photos

Articulation of borrowers financial balance for most recent six months

Salary Tax appraisal request not more seasoned than two years

Brief articulation of Borrowers Assets and Liabilities

If not a client of the loaning bank give evidence of personality and living arrangement