how to get the lone or financial help for study the engineering?

Just now I m studding in B.E in production engineering and planning to go in U.S.A for B.E. What I have to do for that?

0 36 Views | Posted 2012-01-06 12:53:25
Asked by Rushi Joshi

  • 2 Answers

  • Shiksha Ask & Answer

    Answered by

    shaban | Guide-Level 11

    2012-01-06 13:56:01
    Hi,
    Now a days almost all the banks offer education loan to students, to pursue their education in India or Abroad.
    The banks offer maximum loan of Rs 10 Lac for education in India and Rs 20 Lac for education abroad.
    The repayment period vary from 5-7 years.
    The bank do not ask for any collateral security up to the amount of Rs4 lac, but if the amount exceeds Rs 4 lac then the bank will ask for collateral security.
    The repayment of the loan amount starts after 6 months of completion of course or after 6 months of getting job, which ever is earlier.
    I hope this answers your query.
    If you like this answers, than please mark it as a Thumbs Up
    ...more
  • D

    Answered by

    Dr Mohsin Khan | Guide-Level 13

    2012-01-06 12:57:38
    Dear Rushi, now get the educational loan is much easier than before. For this please contact any of the Nationalized bank in your area. Don't get the loan from Private banks their charges and interest rates are high though they pretend easy procedure & easy documentation.
    Wish you all the best.

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