#bank of baroda study abroad loan

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 Best Education loan for abroad

Are you looking for the best education loan for abroad in India to help you finance your studies abroad? It is difficult to choose which bank offers the best student loan for studying outside India. Quick Rashi helps you to provide best Education loans for students to borrow money to pay for higher education in India or abroad.

We realise how important your dream is to you, and you want to do all possible to make it come true.In this blog, we will tell you how to find the finest education loan in India for studying abroad. 

Quick Rashi the best Loan provider:-

For many students those who are looking for an easy process and terms when choosing an education loan. 

Here are some key factors to consider:

1. Loan Amount and Coverage: The loan should cover tuition, living expenses, travel, and other charges. Calculate the total expenses to determine the loan amount required.

2. Interest Rates: Interest rates can have a substantial impact on overall repayment amounts. Look for competitive rates and know if they are fixed or changeable.

3. Repayment conditions: Beneficial repayment conditions, such as post-graduation grace periods, flexible EMI options, and prepayment penalties, are essential.

4. Processing Time: Quick Rashi needs a loan with a quick approval process in order to gain admission and plan ahead of time.

5. Collateral Requirements: Consider if collateral is necessary and the consequences of providing it.

Here we have mentioned a table to help you understand the current rate of interest of Indian Banks.

Banks in India

Education Loan Interest Rate

State Bank of India Education Loan

6.70% onwards

Canara Bank Education Loan

7.30% to 9.30%

Punjab National Bank Education Loan

7.15% onwards

Bank of Baroda Education Loan

7.15% onwards

ICICI Bank Education Loan

10.50% onwards

Axis Bank Education Loan

13.70% to 15.20%

Kotak Mahindra Bank Education Loan

Up to 16.00%

HDFC Bank Education Loan

12.50%

Types of Education Loans for Studying Abroad:

Students in India can choose from various education loans to finance their studies abroad.There are 2 types of loans that are available for study abroad.

Education Loan Types:-

There are two main types of education loans in India.

Secured Education Loan- Banks ask for collateral at the time of offering secured student loans in India. It can be anything such as a fixed deposit, property, etc. Usually, banks offer secured study loans with lower interest rates compared to unsecured loans

Unsecured Education Loan- As you can understand by name, banks offer such loans without any collateral. This results in higher interest rates compared to secured loans.



Eligibility Criteria for Best Education Loan in India:-

The eligibility criteria for education loans vary from bank to bank. However, we have mentioned some generic eligibility criteria for student loans.

Profile of students, such as age, academic background, and nationality.

Course reputation or university selection.

Profile of Co-applicant such as financial stability and creditworthiness of the co-applicant (usually a parent or guardian).

List of Documents Required for Student Loan in India:-

Here is the list of required documents for student loans that students need to keep handy at the time of application.

Valid ID card approved by the government such as PAN/ Passport/ Driver’s License/ Voter ID card

Proof of Residence/ Address (either): Recent copy of utility bill

Income Proof of applicant or co-applicant

Valid Indian Passport

Academic Records

Entrance Exam Results IELTS. 

Proof of admission including the offer letter or admission letter from the university

Statement of cost of study/ Schedule of expenses

2 passport-size photographs

In the End:-

Having an education loan for study abroad can be a critical step toward achieving academic and professional goals. Quick Rashi can make an informed decision by first knowing her individual needs because we are the best education loan for abroad. Remember that the correct education loan not only gives financial assistance, but also lays the groundwork for a successful academic adventure abroad.

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Bank of Baroda Education Loan: Unleashing Global Academic Potential

Bank of Baroda, with its rich legacy since 1908, has been a cornerstone in India's banking sector, offering comprehensive banking solutions. Among its varied services, the Bank of Baroda education loan emerges as a beacon for students aspiring to study abroad, facilitating their journey towards achieving international academic excellence.

Simplifying Global Education

The Bank of Baroda student loan is specifically designed to support students' dreams of global education by covering an extensive range of expenses, including tuition, accommodation, and travel. Recognizing the diverse needs of students, the bank offers flexible loan amounts up to INR 60 Lakh, ensuring that financial barriers do not hinder educational aspirations. Female students benefit from an additional 0.20% discount on interest rates, underscoring the bank's commitment to promoting education for all.

Broad Coverage and Support

Bank of Baroda stands out for its support of students across a plethora of universities worldwide, covering countries like the USA, Canada, UK, France, and more. The bank's approach is inclusive, offering various interest subsidy schemes such as CSIS, Dr. Ambedkar Central Sector Scheme, and Padho Pardesh, catering to students from economically weaker sections, OBCs, EBCs, and minority communities. This wide-ranging support emphasizes the bank's role in making quality education accessible to a broad spectrum of students.

Eligibility and Application

Eligibility for a Bank of Baroda education loan hinges on the academic merits and citizenship of the student, along with the financial stability of the co-borrower, ensuring a streamlined and secure loan process. The application procedure is digitized for convenience, allowing students and co-borrowers to submit necessary documents online, further simplifying the loan acquisition process.

Advantages of Choosing Bank of Baroda

Opting for an education loan from the Bank of Baroda offers numerous benefits, including competitive interest rates, a refundable processing fee post-disbursement, and up to 100% finance covering a wide array of student expenses. The bank's digital process and express approval system facilitate a hassle-free journey from application to disbursement, enabling students to focus on their studies rather than financial worries.

In essence, the BOB Education Loan is more than just financial aid; it's a partnership in realizing students' overseas education dreams. With its comprehensive coverage, flexible repayment options, and robust support system, Bank of Baroda empowers students to explore their full academic potential on a global stage.

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Types of education loans for studying abroad 

Government Education Loans Government education loans are popular for Indian students who wish to study abroad. These loans are provided by banks that the Government of India authorizes to offer education loans to students who wish to pursue higher education overseas. Some of the most prominent banks that offer these loans include the State Bank of India, Punjab National Bank, Bank of Baroda, and Canara Bank.

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Get Instant Student Education Loan Online in India with Bank of Baroda

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This education loan scheme is given for MBA, MCA, MS, and other notified courses that help with job creation. To avail this education loan in India, the student must have secured admission to the notified institute and course.

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A detailed description into the Baroda Scholar Loan Scheme offered by Bank of  Baroda. The features, loan process, documents required, the GyanDhan effect, GyanDhan tools other sources and a lot more relevant information.

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LOAN FACILITIES FOR UK STUDIES

UK is home to some of the best universities in the world. Many Indians aspire to pursue their higher education in these universities, but the fees make it difficult for them to fulfill their wishes. The cost to study abroad depends on a few major factors, including the type of course, the duration and the location. When a student determines to study abroad he/she has to make sure to arrange enough funds to pay his tuition fees and living expenses. The main aim of Education loan is to provide financial support to the deserving students aspiring to study abroad. It helps the students to fulfill their dreams and to build better future and career. This article aims to give you a consolidated knowledge of the various financial preconditions that all aspirants need to fulfill before they begin their higher education process to study UK.

There are 3 easy ways to avail loan

1)    Estimate your loan amount

2)    Approach banks

3)    Compare various factors

In order to study abroad before taking any steps there are many overseas education consultants for London in Mumbai who provides handful information to accomplish their future endeavors. In order to achieve dreams a student aspires to join good universities for their better career and future however lacks financial support. There are many financial institutions that provide good support and education loan for studying abroad. Many top education consultants in Mumbai also helps in the process of achieving visa to education loan, accommodation and etc. the consultants in Mumbai provides A to Z information until a student reaches there and settle down properly. Before applying for education loan facility one should apply to universities and receive an offer letter.

Many banks offering education to loans to study UK are:

1)    Bank of India

2)    Punjab national bank

3)    Bank of Baroda

4)    Syndicate bank of India

5)    State bank of India

6)    HDFC bank

Before applying for loan be clear with the documents as those will be required at every step in the loan process till you reach the university. Study abroad consultant in Mumbai guides all steps in the loan process and admission process. Most banks required confirmed admissions before granting the approval letter for the education loan. And the candidates applying for the loan must be a resident of India. He/she must have confirmed admission in recognized educational institutes in India or abroad. The age of the candidate must fall within the bracket of 18 to 35 years during loan application. There are many overseas college admission education consultants in Mumbai who helps with clearing all the doubts regarding loan facility, general documents required many more. A huge portion of Indian student’s prefers the UK as their destination for higher studies! Before you get excited at the aspect of studying in the UK, you need to ensure that you know the entire UK education loan process.

General documents required for loan.

1)    Completed education loan application form.

2)    Proof of admission to the course.

3)    2 passport size photographs

4)    Proof of age

5)    Schedule of expenses for the specified course

6)    Proof of income (i.e. Salary slips/Form 16 etc.)

7)    Proof of individual’s identity and residency

8)    Copies of foreign exchange permit, if applicable

9)    Copies of letter confirming scholarships, if any applicable.

Above information changes from to time. Please consult bank authorities for the latest updates.

We know that the process of collecting this information can be quite overwhelming, given the myriad sources of information being present on internet. However the Best education consultants in Mumbai provide great support as it is common knowledge that most students borrow an education loan to study in UK to fulfill their dreams.

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HR Practical Training In Mumbai # Placement Agency in Bangalore

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As higher education is expensive, it becomes very difficult for parents to afford the funding. That’s where education loans come handy. These loans can be borrowed from either a bank or an NBFC to finance education expenses. But the question is which is better for the education loan – a bank or a non-banking finance company (NBFC). There are top lenders like State Bank of India, Bank of Baroda, Avanse, Incred – which offer multiple loan schemes for students to pursue higher studies in India or abroad. To make it easy for you, read the post and know which is a better alternative for your higher education.

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There are many banks in India that provide education loans to students, and we don’t want you to be perplexed and confused with choices. Thus, to make things simpler for you, in this article, we will explore the details of various Indian banks that provide these loans for overseas studies. Visit - https://freshinkblog.com/loan-for-abroad-studies-best-banks-and-schemes/

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10 Secret Things: Overseas Education Consultants Services in Chennai

https://www.unikglobalservices.com/overseas-education-consultants-services-in-chennai/

Looking for the best overseas education consultants services in Chennai- Study abroad with UNIK guides students to get a wiser academic decision.we provides end to end services that include from the admission process till pre-departure guidance.UNIK fulfills your abroad education dream and helps students to achieve their ambitions.

Trusted Overseas Education Consultants Services in Chennai:

UNIK is trust-worthy and genuine which provides the best overseas education consultants services in Chennai. We provide you true and most relevant information about various things about studying abroad. There are important factors that students need to think about before making a big decision. We do our best in overseas education consultants services in Chennai. Think about the following:

·         Quality education

·         Good economy

·         Jobs

·         Affordable destination.

10 Best Overseas Education Consultants services in Chennai

UNIK has trained counselors, they will interact with students to know about their academic decision, professional life, and give guidance to choose the right career path. The best overseas education consultants services in Chennai are provided by UNIK are as follows:

·         Career Counseling – Briefly explain about all specialized courses which have good scope.

·         Course Selection – Based on students’ educational background and preferred country, we will provide all possible course options with its Tuition fee.

·         University selection – Assist them with a good ranking University and at an affordable tuition fee.

·         Admission Process– Our admission team helps the student to prepare all the documents which are required for the admission process such as Statement of Purpose(SOP), Letter of Recommendation ( LOR), Medium of Instruction (MOI),etc..

·         Scholarship Guidance – Guide them to get the scholarship from the university based on academic reports and rarely based on need.

·         Loan Assistance – There are many Nationalised banks offering loans up to 100% such as HDFC, Axis, Bank of Baroda, State bank of India, Avanse, Auxilo.So we will assist the students to get the education loan easily.

·         Exam and Coaching – We provide Free IELTS coaching for the students who are processing with us.

·         Visa Guidance – Visa procedure is an important part so we will completely guide for visa documentation, visa filing, Visa interview, etc…

·         Pre Departure – A pre-departure session which helps you to completely know about local transportation, do’s and don’ts of the country, about part times jobs, etc.. 

7 Benefits of Overseas Education: 

1.     Studying abroad will make you self reliant, confident, and helps you to make your own decisions.

2.     Studying abroad is a challenge and it’s a life-changing experience that leads you to discover a good career and fulfilled life.

3.     This changes your life and you will experience new cultures, interact with people from different countries.

4.     The best about studying abroad is that students can selectively choose subjects that they are interested in their own way- Area of specialization

5.     Get graduated from a famed institution and get a worldly recognized degree.

6.     It’s a great opportunity to learn new languages.

7.     The education system which gives more importance to self-study, practical knowledge, and research ideas.

Scholarships to Study Abroad::

Usually, students are interested in overseas education but they are worried about the Tuition fee, living cost, and the expenditure over there. There are 100+ scholarships to study abroad options available. The categories are mentioned below

1.     Merit based scholarships.

2.     Region specific Scholarships

3.     Country specific scholarships

4.     Subject based scholarships

5.     Other scholarships 

Top Education Countries and Courses::

COUNTRIES

TOP  COURSES

The  United States of America

All  Engineering Courses  Automation.  Business Management

United  Kingdom

Law  MBA.  Computer Science  Medicine

Australia

Architecture  Core Engineering  Biomedical Engineering

Canada

MBA   Information Technology and computer science.  BioScience,  Healthcare

Singapore

Data  science  Economics  Business Management.

Ireland

Data  Analytics  Big Data  Information Technology

List of  countries for Overseas Education::

1.     Study in Australia.

2.     Study in USA

3.     Study in UK

4.     Study in Canada

5.     Study in Singapore

6.     Study in Europe.

Study in Australia::

Australia is an English speaking country which is in 3rd place in the world to provide education for international students. It is known for its high-quality education and reputed Universities.

Scholarship options are available for International students. Students can manage their expenses through paid internships. The cost of living in Australia is less when compared to the USA and the UK. The various programs which include

·         Diploma courses

·         Advanced Diploma courses

·         Certification courses

·         Bachelor degree

·         Master degree

·         Research courses.

Study in USA:

           The United States of America ( USA) is known for its Top-ranked Universities and Academic excellence. 41% of the world’s top universities are in the USA. Yeah, Students worry about the cost of study and cost of living but the US universities offer various scholarships based on good academic score.US Universities offer Associate’s degree , Undergraduate and Masters. Eligibility test requirements are

·         IELTS ( for bachelors and masters degree)

·         TOEFL 

·         GRE ( Masters and Ph.D. programs)

·         GMAT ( MBA programs)

·         SAT ( any Bachelor degree programs)

Study in UK::

                      The higher standard of education is given by UK universities. To build your future and to boost your career UK university degree certificates will be a rock foundation. The tuition fee in UK Universities varies from £10000 to £20000 which is based on the ranking of the university. The Interesting part is there are some universities they accept without IELTS.

During the course, the students are permitted to work 20 hours per week. The most popular postgraduate courses with a paid internship for International students are mentioned below

·         MBA

·         MS in computing / Information Technology.

·         Law courses

·         Engineering courses with different fields.

Study in Canada::

                 Canada is one of the best countries in the world for internationally recognized education and lowest university tuition fee among English speaking countries. The cost of living is affordable when compared to the USA, UK, and Australia.

Permanent residency option is available in Canada ie, Canada permits students to live in the country even after graduation for up to 3 years. Students can secure a job at that period of time and you can apply for a permanent residency visa.

3 types of degrees offered by the Canadian education system bachelors, masters, and doctorate degrees.

Study in Singapore::

                               Singapore education is well developed and they are extremely maintaining high standards of learning and teaching. There is no language barrier for Indian students because English is spoken widely.

A degree from Singapore is valued globally. Depends on courses and universities the tuition fees varies but then compared to private universities, the public universities charge lower tuition fees.

There are many scholarships available for international students.

Study in Europe::

Countries

Benefits

Tuition fee ranges

Specialized courses

France

1.Apply  without IELTS.  2.100% visa success rate.  3.2 Years PSW.  4. World ranking business schools are here  5. 6 months of paid internship.  6.part time jobs available

Starts  from 9 lakhs

For  management and business studies

switzerland

1.Apply  with or without IELTS.  2.Visa access to all schengen countries  3.English speaking country. 

Average  fee starts from 10-12 lakhs

Field  of pharma, technology and design.

Germany

1.get  access to schengen countries  2.IELTS required with min band score of 6.5  3.Part time jobs available.  4. German Language is a key requirement.

Minimum  fee starts around 10 lakhs

Field  of Automation,Engineering

Ireland

1.English  speaking country.  2.Part time jobs available.  3.2 years PSW.  4.IELTS required for top universities

Fee  starts from 10-12 lakhs

Fields  of pharma,Aviation and Information Technology like Big data and Data  Analytics.

Italy

1.No  IELTS.  2. Visa access to all 26 schengen countries.

Fee  starts from 5 lakhs- 10 lakhs

All  undergraduate and postgraduate courses available

Poland

1.IELTS  not required.  2.low cost of living.

Fee  starts from 2-4lakhs

Finance  , engineering and medicine

Latvia

1.apply  without IELTS  2.1 year PSW

Fee  starts from 2-4 lakhs

Best  for Engineering and IT

Lithuania

1.apply  without IELTS  2.low cost of living

Fee  starts from 2-4 lakhs

All  UG and PG courses available

Netherlands

1.IELTS  or TOEFL required  2.work while you study.

Fee  starts from 8 lakhs and above

All  diploma, UG , PG, Doctorate courses available

Malta

1.English  speaking country.  2. IELTS not required.  3.low cost of living.  4.access to all Schengen countries.

Average  fee starts from 4-8 lakhs

Engineering  , business and all master degrees available.

Part time Jobs in Abroad::

Countries like the USA , UK , Canada , Australia and Newzealand allow students to work 20 hours per week during the course time and during holidays they can work full time.

Each country will pay the minimum wages to the part time workers .For USA its USD 7.25/ hour ,UK its £6.15/ hour , In australia its ASD 14.31/hour . Students should know how to balance their education as well as part time work.

Study Abroad After 12th::

Students planning to study abroad have multiple options after their higher secondary graduation. Students have various options like Diploma courses, Advanced Diploma courses, 2-year certification courses, Bachelor’s degrees. Designing, Journalism, Accounting -these are courses they have great scope. 

Free Education in Europe::

Free education in Europe is that students have to pay a minimum amount of tuition fee and you can receive your scholarships if you are eligible for it. The cost of living should be covered by the student. Students can work up to 20hours / per week which is based on the country. You can receive a world-class education with free of cost. Countries offering free education are 

·         Sweden

·         Denmark

·         Norway

·         Greece

·         Finland

·         Germany ( Very few Universities).

What are the exams required for overseas Education?

Most common exam Required to study abroad are

1.     IELTS-The International English Language Testing System( IELTS) is an English language proficiency test. This is required to get admission in UK, Australia, Newzealand, Canada, and the USA. It’s valid for up to 2 years.

2.     TOEFL-Test of English as a Foreign Language which is required for non- English speaking Natives. This is valid for up to 2 years. This exam is accepted in the USA and Canada.UK universities do not accept TOEFL scores.

3.     GMAT – Graduate Management Admission Test is required to get admission for graduate Business administration Programs.

4.     GRE- Graduate Record Examination which covers Analytical writing, quantitative reasoning, and verbal reasoning. Required for MBA and specialized master’s degrees.

5.     SAT- Scholastic Aptitude Test. This is widely used for college admissions in the USA.

Conclusion

UNIK overseas education consultants services in Chennai -we have a professional counseling team that is always ready to help you with your overseas education process. The best foreign education consultants always understand the student’s desires and guide them on the right path. Feel free to contact us and we provide overseas education consultants services in Chennai and our extended support will be always with our students.

 Contact Info

B-4, 1st Floor, PARSN Complex,

Kodambakkam High Road,

Nungambakkam, Chennai – 600 006.

+(044) 4204 1414

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Top 4 banks offering education loans without collateral

When students do not have enough funds to afford studies abroad or within India for that matter, banks have just the product to end those woes – education loans. Banks in collaboration with certain universities, introduced the concept of education loan to provide financial aid to needy aspirants. The maximum loan amount is INR 10 lakh and INR 20 lakh for domestic and abroad studies respectively.

RBI guideline suggests that an amount taken up to INR 4 lakh does not require any collateral. However, if it exceeds beyond this limit, you have to provide security. This could be in the form of an asset such as property, etc. This is taken to reduce the risk factor on the bank.

If the child is deserving and talented, then banks do consider giving the student loan without the collateral for higher amount.

If the child is struggling to provide collateral, he/she can consider the following banks who offer education loan in India without security:

1)      HDFC Bank: They fuel the child’s aspirations by providing 3 kinds of education loans. One for Indian studies, one for international studies and a central government interest subsidy scheme. They accept domestic studies for loan amount up to INR 10 lakh while abroad study education loan is available for an amount more than INR 20 lakh. They are collateral-free and cover 100 per cent educational expenses.

 2)      HSBC Bank: Their education loan comes handy if the child wants to attend private school, boarding school, university, professional designation course, and correspondence course. HSBC loan amount additionally covers tuition, uniform and school fees, books, supplies and computer equipment charges, travel expenses, accommodation and other living expenses. They do not accept collaterals for loan amount up to INR 5 lakh.

 3)      Bank of Baroda: Whether you are planning to do nursery education or preparing for graduate/post-graduate degree, Bank of Baroda’s student loan helps finance your goals and ambitions. Their Baroda Vidya scheme involves no security. Also, they do not take processing as well as documentation charges. The plan primarily focuses on nursery to standard XII education.

 4)      State Bank of India:

India’s age-old bank have different types of student loan at their perusal. They carry a repayment period of 15 years be it India or abroad. State Bank of India also does not levy processing and upfront charges on education loans. If you take a loan amount up to INR 7.5 lakh under their student loan scheme, State Bank of India would require only a co-borrower. Again, a collateral-free loan.

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A number of banks in India offer education loans at attractive rates of interest to students who want to pursue their higher education in India or abroad. These education loans enable deserving students to attain their desired educational qualification without any stress.

These loans cover a number of expenses of students during their studies such as education fees, books, hostel fees, travel, examination fees etc. Generally, education loans are offered in specific slabs:

Below INR 4 lakhs, between INR 4 lakhs and INR 7.5 lakhs, and above INR 7.5 lakhs.Here, we have prepared a list of top 10 banks in India, offering education loans to deserving students to pursue their dream education in India or abroad.

State Bank of India

Named SBI Student Loan Scheme, the State Bank of India offers education loan to students to pursue their dream education. The loan is provided to students to pursue technical and professional, graduate and post-graduate degree courses such as MBA, MCA, MS offered by reputed universities.

The loan amount up to a maximum of INR 30 lakhs will be provided with collateral security required only for loans above INR 7.5 lakhs. The repayment period varies from 10 years to 12 years depending on the loan amount. The interest rate offered on education loans will be up to 2% on the current base rate of the SBI.

Applicants for the loan have to submit the admission letter, loan application form, details of course costs, co-applicant details and other required KYC documents while applying for an SBI education loan.

Axis Bank

In comparison to other banks, Axis Bank offers education loans at competitive interest rates for students who are planning to pursue higher studies. It offers a maximum loan of INR 20 lakhs that cover hostel fees, tuition fees, and book costs, etc.

The bank offers minimum loan amount up to INR 50,000. The interest rate for Axis Bank education loans ranges from 8.5 % with special rates for women applicants.

HDFC Bank

Another bank to offer education loan with flexible repayment tenures is HDFC Bank. Through this bank, students can get education loan at their doorsteps for over 950 courses across 36 countries.

The maximum loan amount by HDFC Bank is up to INR 20 lakhs. Students in the age group of 16 to 35 years are eligible to apply for an education loan. The processing fees for education loans is up to 1.5% of the loan amount with no fees levied for prepayment of the loan.

Punjab National Bank

Punjab National Bank offers the ‘PNB Saraswati scheme’ and ‘PNB Udaan’ scheme to provide education loan to students who are planning to pursue higher studies. The loan covers university fees, travel, exam fees, lab fees, library fees, book/equipment fees and other related expenses.

The bank offers the base rate as the interest rate on loans taken for pursuing education at top 200 universities across the world. An upfront processing fee of 1% has to be borne by the borrowers. The tenure options available for education loan borrowers is up to 15 years. No loan margin is required for education loan below INR 4 lakhs.

Canara Bank

Canara bank offers education loans to students to pursue professional and technical courses, graduate and post-graduate courses that promises job opportunities. The education loan covers university fees, travel, exam fees, lab fees, library fees, book/equipment fees and other related expenses.

With a loan margin requirement of 15%, the bank offers education loan up to INR 4 lakhs. The bank can sanction maximum loan up to INR 20 lakhs. The repayment tenure is 10 to 15 years depending on the loan amount. Security is not required for loan amounts below INR 4 lakhs.

IDBI Bank

The IDBI Bank offers education loan to students who are interested to pursue professional and technical graduate courses, post-graduation courses, diploma, and CPA/CIMA courses. The education loan covers university fees, travel, exam fees, lab fees, library fees, cost of computers, book/equipment fees and other related expenses.

There is no security requirement for loans taken below INR 4 lakhs. The bank offers maximum loan amount up to INR 20 lakhs. The repayment tenure can be up to 10 years for loans up to INR 7.5 lakhs and up to 15 years for loans above INR 7.5 lakhs.

Bank of Baroda

Students who are applying for professional and technical courses can apply for an education loan from Bank of Baroda.

The bank offers education loan to students under the Baroda Scholar scheme. Click To Tweet

The bank offers a maximum loan up to INR 20 lakhs with a loan margin requirement of 15%. Students can repay the loans taken up to INR 7.5 lakhs within 120 months and education loans taken above INR 7.5 lakhs within 180 months.

Allahabad Bank

Another bank to offer education loan to students to pursue higher education is Allahabad Bank. The education loan is offered to students to pursue professional or technical courses in recognized institutions. The quantum of the loan provided by the bank is need-based subject to repaying capacity of the parents or students with a ceiling of INR 20 Lakhs.

Indian Overseas Bank

Under the Vidya Jyoti scheme, the Indian Overseas Bank offers education loan to students who want to pursue professional or technical courses.

The loan is offered only for Graduation and Post Graduation Courses offered by reputed universities. The bank offers a maximum loan up to INR 40 lakhs for students to study abroad, and INR 30 lakhs for students to study in India. The repayment period is maximum of 5 to 7 years.

 Source: Success Ideas

via Success Ideas

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With the increasing costs of studies specially the graduation in abroad, hence many find it very difficult to afford money to fulfill their dreams. Bank of Baroda offers various education loan options that cover various stages of a student’s career. All about Bank of Baroda education loan in detail have been explained by Letzbank.

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Compare overseas education loans from public banks and private banks, including Bank of Baroda's abroad education loan interest rate, non-collateral options, and government bank education loans for studying abroad.