What is the procedure to get education loan for BITS, Pilani?
Asked by Tarun Sai
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1 Answer
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Hey Tarun,
SBI provides scholar loan (education loan) to the students securing admission in country's best engineering colleges at an interest rate of 10.75% per annum irrespective of the loan amount. This loan can be availed from the nearest SBI branch of that campus.
A scholar loan has a maximum limit of 20 lakhs (without security) in some selected institutions of India. BITS-Pilani is one of them.
An education loan provides only 4 lakhs (without security) and 7.5 lakhs (with security) whereas a scholar loan provides a higher amount.
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