Need details on Education loan
I am planning to do MBA abroad, which is going to cost me around 35-40 Lakh INR. What are the basic requirements that a bank will ask for such education loans. Is it true that the maximum amount of loans given by Indian banks is just 20 Lakh INR?. Please help
71 Views|Posted 2011-09-05 02:25:09
Asked by Gautam
2 Answers
Answered by
2011-11-01 14:44:40
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
Upvote 
Answered by
2011-09-05 08:46:48
pls check following link for loan details of various in depth. hope it ll clear ur quarries http://www.hindustanlink.com/careertex/educational-loans-india.htm
all da very best
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