Documents Required for Education Loan

Dear Students and Parents today we will discuss about Documentation and Documents Required for Education Loan. First thing it comes in your mind before applying any Loan for Schooling or Higher Study or If you plan to go to Abroad for Higher Study or Apply for Medical Study Abroad.


Documents the Bank will ask before grand a Education Loan

Procedure to Apply for Study Loan

Documents for Education Loan for salaried individuals

    Proof of identity (any one of the following):
        Passport
        Voter ID card
        Driving license
        PAN card
        Government department ID card
    Latest salary slip showing all deductions or Form 16 along with recent salary certificate
    Proof of residence (any one of the following):
        Bank account statement
        Latest electricity bill
        Latest mobile/telephone bill
        Existing house lease agreement
    Bank Statement/Pass Book of last 6 months
    Optional – Guarantor Form
    Copy of admission letter or the Institute along with Fees schedule
    Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses

Documents for Education Loan for all other Individuals

    Proof of identity (any one of the following):
        Passport
        Voter ID card
        Driving license
        PAN card
    IT returns of the last 2 years and computation of income of last 2 years certified by a Chartered Accountant
    Proof of residence (any one of the following):
        Bank account statement
        Latest electricity bill
        Latest mobile/telephone bill
        Existing house lease agreement
    Bank Statement/Pass Book of last 6 months
    Optional – Guarantor Form
    Copy of admission letter or the Institute along with Fees schedule
    Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses


Documents required for first disbursement

   Demand Letter from college or university.
    Loan agreement signed by applicant, Co-applicants.
    Sanction Letter signed by applicant, Co-applicants.
    Disbursement request form signed by applicant, Co-applicants.
    Receipts of Margin money paid to the college / university alongwith bank statement reflecting the transaction.
    Documents for collateral security ( if applicable )
    Form A2 signed by applicant or Co-applicants in case abroad Institute cases.


Documents required for subsequent disbursement

    Demand Letter from college or university
    Disbursement request form signed by applicant, Co-applicants.
    Receipts of Margin money paid to the college / university alongwith bank statement reflecting the transaction
    Exam Progress Report, Marksheet, Bonafide Certificate (Any one)
    Form A2 signed by applicant or Co-applicants in case abroad Institute cases.

Eligibility

The education loan would be provided to those students who have obtained admission to career-oriented courses e.g. medicine, engineering, management etc., either at the graduate or post-graduate level.

Secured at least 50% marks during HSC & Graduation
Secured admission in India or Abroad through entrance test / Merit based selection process post completion of HSC (10+2)

Hi, myself Guru I'm educator in India, Bangalore. Mostly guide medical aspirant students. Parents offend asking me how and where to get study loan. Looking for financial institutes support Medical Student loan. Most of them going to study MBBS in Bangladesh Cheapest Medical colleges international recognized MCI Approved. For more Direct MBBS Admission related query you can Contact SMILE EDUCATION Find MBBS Fees in Bangladesh

You'll get many more reference websites like mbbsguru dot in  mbbsadmission dot co  urguide dot in

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Minority Education Loan for MBBS Admission in Bangladesh

Minority Loan for MBBS Admission in Bangladesh

We assist Bank loan for MBBS Study in Bangladesh, all through the way, from loan application to documentation to liaison with private and national banks to ensure you have a hassle free student loan to meet tuition and living expenses in Bangladesh.

We at Smile Education understand that majority of students who want to pursue medical education require bank loans, availing them, at times becomes a nightmare for both parents and students with endless number of visits to the bank, furnishing of various documents etc., which take a heavy toll on their psyche. Medical Study in Bangladesh contact Smile Education for all documents processing to easse you Minority Loan. With all your documents you can easily apply for Education loan in Minority Cell. Smile Education process all necessary documents. It is often observed that many fail in the attempt, not because they are ineligible but simply because they are not properly guided. This is where our bank loan assistance comes in handy.

We at Smile Education provide credible advice, assistance in education loans. We have close tie ups with banks who readily offer loans to students who plan to Study Abroad.

 

Minority Education Loan for MBBS Admission in Bangladesh

 

Am I eligible for a Bank Loan?

The eligibility criteria of the bank to obtain an educational loan from any bank of India.

• The student seeking medical educational loan should be Indian national.
• The student should have secured admission to medical course through Selection program.
• The student should have secured admission to Bangladesh university approved by MCI.

Documents Required to apply Education Loan

• Mark sheets of the last qualifying examination for school studies in India.
• Proof of admission to the course.
• Scheduling of expenses to the course.
• Copies of letter confirming the scholarship.
• Copies of foreign exchange permit, if applicable.
• Two passport size photographs.
• Bank statement for the last six months of the borrower.
• Income tax assessment order not more than two years.
• Brief statements of assets and liabilities of the borrower.
• If you are not an existing bank customer you would need to establish your identity and give proof of residence.

Hi myself Guru I'm educator in India, Bangalore. Mostly guide medical aspirant students. Parents offend asking me how and where to get study loan. Looking for financial institutes support Medical Student loan. Most of them going to study MBBS in Bangladesh Cheapest Medical colleges international recognized MCI Approved. For more Direct MBBS Admission related query you can Contact SMILE EDUCATION FindMBBS Fees in Bangladesh

You'll get many more reference other websites like mbbsguru.in mbbsadmission.co/ urguide.in

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Study Loan With Low Interest Rates Medical Study Abroad

Medical Aspirants looking for study MBBS out side country. Before planning to go study abroad you have look for low cost study destination with cheap college fees. Most of their parents apply for Study loan from financial institutes like Bank or any other financial company.

Look in consolidating your loans: if you have multiple federal loans, You may consolidate your bills in single individual monthly range because of the government's straight Loan program. Interest on the consolidated federal loan is actually calculated from taking your current average rate associated with all the loans you're combining, therefore it's possible that you should will probably not save money from interest payments.

Consolidation will often lower the monthly payments, but in case ultimately cost an individual further from the life of any loan since repayment timeline will be extended. Still, combining ones loans can reduce the number associated with bills you'll want to pay, which makes it simpler for you to track the obligations, said Persis Yu, a great attorney at the National user Law Center.

Such as MBBS Fees in Bangladesh ranges from US $27,000 to $38,000 for complete five years degree course. Fees depend on ranking of the Institutes to institutes. Its believed that Medical Study in Bangladesh in Cheapest compare to any country of the World. For MBBS Admission students/parents can contact Smile Education Consultancy head office in Kolkata (Calcutta).

She encourages borrowers in order to beware regarding scams of which charge a person cash to consolidate federal loans. the government provides your own technique with regard to free. You may convert federal loans into discreet loans for you to consolidate many of the student debt, but experts caution against this.

"While The item can be cheaper for the short run, an individual also could possibly help lose mouse clicks rights AND options, similar to deferments, income-based repayment, AND death AND disability cancellations," Yu said. She recommends That borrowers consolidate federal loans in an federal program, IN ADDITION TO many involving it's top secret loans in a great secret Bank program, once they've read each of the fine print.

If you make use of private loans, store of around pertaining to a good consolidation system having a fixed interest rate, rather as compared to a great variable rate The idea will scoot up, Asher said.





"Be aware It with many cases, You could end up finding an variable rate," she said. "All federal student loans given because the 2006 make application for a fixed rate, where your current rate stays your current same, but top secret loans often acquire variable rates."

A growing number regarding community banks AND ALSO credit unions will probably consolidate top secret student loans with rates Equally low Just as 4.75 percent. the actual is usually a great press button whether you make use of confidential loans throughout interest rates over six to eight percent, but don't forget your current rate depends at your own credit history AND ALSO a number of lenders call for anyone for getting a good co-signer.

Put added income toward ones high interest loans: whether or not you're capable of put further funds in the direction of the loans, pay off your own your current because of the highest interest rate first. It often means paying straight down top secret loans Just as easily As possible.

You In case also consider doubling up at your federal loan payments for you to along your own principal balance. Remember to let the servicer recognize that you should want The idea additional dollars to zero in the direction of ones principal, rather as compared to future payments. ones charges a person send throughout cover the principal, interest IN ADDITION TO virtually any late fees, inside funds typically applied towards the principal balance last.

Understand your difference between forbearance AND deferment: whether you're possessing trouble generating charges because regarding unemployment as well as health problems, act easily IN ADDITION TO contact your current loan servicer to help look at regardless of whether You'll suspend ones payments.

You may either put your loans straight into forbearance or perhaps deferment. a great deferment lets a person postpone your monthly payments, devoid of damaging your current credit rating or even accruing interest in subsidized loans - such as Federal Perkins, direct Subsidized, Grad as well as or maybe Subsidized Federal Stafford loans.

Forbearance also lets an individual temporarily suspend ones payments, but interest will continue to help grow at both unsubsidized IN ADDITION TO subsidized loans. ALONG WITH regardless of whether people don't pay the interest although you're throughout forbearance, the interest is usually added to your own principal balance.

"Forbearance is often a very costly solution to try AS WELL AS manage debt," Asher said. "It can be a handy short-term debt management tool, but This can be not a great long-term tool since interest accrues AS WELL AS capitalizes. next you end up owing added principal ALONG WITH paying additional interest on The item larger principal."

Being delinquent in ones loan costs will certainly harm your own credit rating. Not paying your current federal loans with regard to 8 months will probably throw a person in to default, of which can ruin your credit. AND ALSO having bad credit will certainly make This tough for you to buy a great car, get a mortgage, rent a great apartment as well as land a great job.

"While It is important to help try in order to stay upon all loans, federal loans have especially draconian consequences regarding default, such as wage garnishment AS WELL AS intercepting tax refunds," Yu said. "Luckily, federal loans have the countless flexible check possibilities Should borrowers need them.

Hi myself Guru I'm educator in India, Bangalore. Mostly guide medical aspirant students. Parents offend asking me how and where to get study loan. Looking for financial institutes support Medical Student loan. Most of them going to study MBBS in Bangladesh Cheapest Medical colleges international recognized MCI Approved. For more Direct MBBS Admission related query you can Contact SMILE EDUCATION Find MBBS Fees in Bangladesh

You'll get many more reference other websites like mbbsguru.in mbbsadmission.co/ urguide.in

Author 

Guru

Professional Medical Studies Loans for MBBS BDS MD/MS

Professional Studies Medical Student Loan Lending options

Professional Reports or Instruction Bank loan is often a mortgage to pay expenses, existing costs or distinct charges (eg an elective). Repayments are generally deferred right up until when you move on including curiosity that is also billed whilst you’re mastering. Professional Studies/Training Lending options are available for you to BRITISH people solely.


Professional Studies/Training Lending options won't be the same like a Professional and also Career Progress Lending options (PCDL). PCDLs usually are not typically offered to professional medical college students, since they are just said to be readily available in which various other sources of open capital, like college students lending products usually are not readily available. When you can find So to speak . a person can’t get a PCDL however, you just might get a Professional Studies/Training Bank loan whenever they are available.

Before the credit crunch, a few banking institutions supplied Professional Studies/Training Lending options, just about every having a different brand.


More Education Bank loan -- Lloyds TSB
Professional Student Bank loan -- NatWest
Professional Reports Bank loan -- HSBC

At the moment, a person apply for Professional and also Career Progress lending products with the Nation's Employment opportunities Program. You are able to contact them upon 0800 100 nine hundred Mon -- Weekend 8am -- 10pm. To learn more understand the Gov. British site right here.

Exactly what to consider in a very mortgage loan
Ahead of getting a mortgage loan it’s imperative that you shop around seeing that rates, expenses and also eligibility intended for analyze lending products can differ between banking institutions. Allow me to share items you ought to seek out in case you are trying to find any type of mortgage loan.

The particular twelve-monthly portion monthly interest (APR) – this might be preset or adjustable (e. grams. ‘floats’ 5% previously mentioned the lending company of Great britain foundation rate). Do not forget that the adjustable fee will probably currently possibly be a lesser amount than this preset fee however is far more risky seeing that rates could climb

Could be the mortgage loan offered in installment or united transaction? Awareness is billed from whenever you have the cash so you really should instantly move this mortgage loan to a high-interest checking account or an ISA. Simply maintain the lowest a person currently require within your recent account

Possibly there is an agreement price? Verify if at all compensated upfront or included with this mortgage loan (where you'll possibly be paying out curiosity upon it)

The quantity of a long time perform I need to pay back this mortgage loan? Guarantee that repayment schedules appear inexpensive (remember you can be paying down student education loans seeing that well). The particular more time this reimbursement period of time, greater curiosity you can be paying out in total

Possibly there is the redemption (early repayment) price? You are able to help save big money in curiosity by means of trying to repay this mortgage loan early on but the bank may perhaps hit a person having a price intended for the process

Perform I must hold my principal account using the bank supplying this mortgage loan?

Are there any various other expenses or requirements (eg existence insurance)?

How much time should it decide on organise this mortgage loan? An individual just might utilize before you begin the studies when you already have a spot in Mediterranean institution however always allow the required time

May i take a mortgage loan from my 1st yr of analyze? The rules range between banking institutions. More youthful college students who are mastering treatments like a 1st diploma are not typically eligible prior to the later years in their training. Many banking institutions allow graduates or mature college students to carry a borrowing arrangement from other 1st yr of professional medical studies however might have to have evidence of past analyze or employment.

Hi myself Guru I'm educator in India, Bangalore. Mostly guide medical aspirant students. Parents offend asking me how and where to get study loan. Looking for financial institutes support Medical Student loan. Most of them going to study MBBS in Bangladesh Cheapest Medical colleges international recognized MCI Approved. For more Direct MBBS Admission related query you can Contact SMILE EDUCATION Find MBBS Fees in Bangladesh

You'll get many more reference websites like mbbsguru dot in  mbbsadmission dot co  urguide dot in

Author 

Guru

Tips on applying for your Student loan for Medical Study

Suggestions about obtaining the Medical Study loan

Schedule an appointment with the lending company (preferably having a student or move on account manager). On this achieving be ready to make clear at length for you to use cash. Operate the achieving to acquire a obvious description of curiosity, expenses and also reimbursement specifics. If you are undecided or sad using any element of this mortgage loan, don’t sense pressurized in affixing your signature to anything – get rid of the data you just read a highly effective period.

Don’t overlook to create these types of coupled for your session:

Some sort of accomplished form and also any papers inquired from the bank

An in depth spending budget and also evidence of your current or possible cash flow (student mortgage loan assertion, evidence of any bursaries, pay falls, bank assertions demonstrating various other cash flow or savings)

It is a great idea to supply information on exactly how you want to pay back this mortgage loan. Wage data from NHS Employment opportunities can assist for you to tell the lending company you are the protected investment.

The particular bank’s unique leaflet or web page info on this mortgage loan for you to verify which you satisfy the eligibility requirements. Bank staff members are not always obvious with regards to regulations intended for graduates and also mature college students – distress may be avoided if you have the information practical.

If you have a history of unpaid debts, too many outstanding debts or even no history of borrowing you could be refused a Professional Development Loan. For a small fee you can check your credit rating.

Check: Low Fees MBBS Colleges

AIIMS MBBS Admission 2018

Top Medical Colleges in India

Hi, myself Guru I'm educator in India, Bangalore. Mostly guide medical aspirant students. Parents offend asking me how and where to get study loan. Looking for financial institutes support Medical Student loan. Most of them going to study MBBS in Bangladesh Cheapest Medical colleges international recognized MCI Approved. For more Direct MBBS Admission related query you can Contact SMILE EDUCATION Find MBBS Fees in Bangladesh

You'll get many more reference websites like mbbsguru dot in  mbbsadmission dot co  urguide dot in

Author 

Guru

Top Education Loan Provider for Medical Study

As we all know now a day Medical Courses like MBBS, BDS, PG Medical MD/MS are most expensive in India aswell Abroad  colleges with self-finance scheme.

A more expert transfer inside training, escalating vocation advantages of a foreign training, conveyance in addition to verbal exchanges ease in addition to the lack of adequate world-class instructional institutions inside acquiring places such as India, offers enhanced multifold the quantity of college students planning abroad regarding reports. Notwithstanding a range involving strengths, monetary emergency is one of the key down sides of which shadow the analysis abroad goals of a college student.

Despite the fact that quite a few scholarship grants as well as other educational funding choices really exist regarding review abroad aspirants, only a few college students turn into qualified to apply for these. Therefore, instructional financial loans emerged as one of the essential aspects of the analysis abroad prepare of a college student. Training financial loans regarding understanding abroad are provided by means of virtually all the particular key banking institutions inside India. To offer that you simply nut-shell look at, all of us present underneath names involving some of the Prime Training Financial institutions inside India to study abroad.

Government involving India

Inside assessment along with Arrange Traditional bank involving Reserve Bank of India www.rbi.org.in (RBI) in addition to IIndian Bankers Association (IBA) www.iba.org.in, the government involving India offers presented a comprehensive Educative Mortgage loan Scheme. The revolutionary program protects just about all type of classes such as expert classes inside educational facilities in addition to colleges inside India in addition to abroad.

The particular salient popular features of the particular program relevant to review abroad usually are:

The particular program envisages financial loans as much as Rs. 15 lacs regarding reports abroad.
Regarding financial loans as much as Rs. several lacs zero assets or margin is needed plus the rate of interest isn't to go beyond the particular Perfect Credit Costs (PLR). Regarding financial loans previously mentioned Rs. several lacs the eye fee won't go beyond PLR additionally 1 per cent.
The particular financial loans need to be repaid over a period of 5 to 7 several years along with supply involving leeway period of one year after achievement involving reports.

Some other Top Education Loan Providers in India to study abroad on similar terms as that of Allahabad Bank Education Loan are: ICICI Bank Union Bank of India J & K Bank Bank of Maharashtra Bank of Baroda Central Bank of India Bank of India

 State Bank of India (SBI)

Their state Traditional bank involving India provides SBI Education loan Scheme regarding Indian native nationals to practice their own training abroad. The training loan regarding understanding abroad will be furnished regarding career driven expert, specialized University Stage classes, or Article University Health care Stage in addition to Diploma or degree classes such as MBBS, BDS, PG Diploma Medical, and so forth proposed by respected educational facilities.

Regarding understanding abroad, what involving loan presented will be Rs. thirty lacs plus the repayment will start one year after achievement of course or 6 months after securing work, no matter what will be before. The particular repayment period differs coming from as much as 10 years to as much as 12 several years depending on the loan total.

Allahabad Bank

The particular Allahabad Bank gives Study financial loans to Indian native nationals that secure admission to expert or specialized classes inside identified institutions abroad by way of entrance check or value based selection procedure after achievement involving HSC (10 additionally 3 or equivalent). The analysis abroad classes qualified to apply for the particular Allahabad Traditional bank Training Mortgage loan usually are:

University: Regarding Job driven expert or specialized classes proposed by respected educational facilities
Article University: MCA, MBA, MILLISECONDS and so forth
Training done by means of CIMA London, CPA inside UNITED STATES and so forth
Normal Stage or Diploma or degree classes such as aeronautical, preliminary coaching, delivery and so forth, the particular initiate usually recognized by the particular proficient college, Talk about Body, Regional Aviation, or Shipping and delivery Specialist.

The particular quantum involving loan furnished will be require based governed by trying to repay capacity of the mothers and fathers or college students having a ceiling involving Rs. 20 lacs.

 IDBI Bank

IDBI Traditional bank gives training loan to worthy in addition to meritorious college students regarding chasing advanced schooling inside India in addition to abroad. The particular capability is usually on offer to the meritorious college students with collateralized admission by way of Management Quota.

The particular Quantum involving Financial will be at the most Rs. 20 lacs regarding understanding abroad. The particular repayment period will be coming from as much as 10 years to as much as 15 several years. Locate underneath the particular IDBI Traditional bank training loan Interest dining room table.


Expenses Covered under Education Loan by IDBI Bank:

Fee payable to college / school / hostel
Examination / Library / Laboratory fee
Purchase of books / equipments / instruments / uniforms
Caution deposit / building fund / refundable deposit supported by Institution bills / receipts
Travel expenses / passage money for studies abroad
Purchase of computers - essential for completion of the course
Any other expense required to complete the course - like study tours, project work, thesis, etc.
Insurance premium for student borrower, if insurance cover sought

Axis Bank

Axis Bank's Study loan seeks to deliver monetary assist to worthy college students regarding chasing greater expert or specialized training inside India in addition to abroad. The training loan will be furnished to college students with attained admission to career-oriented classes e. grams. medication, anatomist, administration and so forth., sometimes for the graduate or post-graduate stage.

The particular quantum involving financing under the Axis Traditional bank Training Mortgage loan program will be assigned in Rs 20. 00 lacs regarding reports abroad, which will handle tuition expenses, hostel costs (if any), expense involving guides, and so forth. The particular minimum amount amount of training loan will be Rs 50, 000. There is absolutely no margin regarding training loansup to INR several lacs, in addition to regarding financial loans previously mentioned Rs several lacs there exists 15% margin regarding reports offshore.

 HDFC Bank

The features of the HDFC Bank Education Loan for Foreign Education are:
Education loans up to Rs. 20 lacs and unsecured lending up to Rs. 7.5 lacs are provided.
No collateral is required for loans up to Rs. 7.5 lacs.
The maximum repayment tenure is up to 15 years post moratorium period.

Credila

Credila is a low lender financing corporation exclusively aimed at training financial loans. This is a subsidiary involving HDFC Ltd.

Punjab Nation's Bank (PNB)

The particular PNB provides PNB Saraswati program regarding offering Student loan to meritorious college students to practice greater expert in addition to specialized training inside India in addition to abroad.

The particular key ideas of the PNB training loanscheme usually are:

Training accredited:
University: Regarding career driven expert or specialized classes proposed by respected educational facilities.

Article college: MCA, MBA, MILLISECONDS, and so forth.
Training done by means of CIMA -- London, CPA inside UNITED STATES and so forth.
Stage or Diploma or degree classes such as aeronautical, preliminary coaching, delivery and so forth. furnished these include recognized by proficient regulating figures abroad for the purpose of employment inside India or abroad.

Quantum involving Financial: as much as 20 lacs
Reimbursement period: as much as 10 years regarding financial loans involving Rs. 7. 50 lacs or underneath or higher to 15 several years regarding loan previously mentioned Rs. 7. 50 lacs
Margin involving 15% regarding loan previously mentioned Rs. several lacs

Loan amount	Rate of Interest
Loans qualifying as Priority Sector Lending (PSL):  Up to Rs. 20 lacs for studies Abroad	BR+1% (currently 11.25%)  (Floating)
Loan amounts not qualifying as Priority Sector Lending(PSL) :  Above Rs. 20 lacs for studies abroad	BR+2% (currently 12.25%) (Floating)

Also See: Most Cheapest Fees College Search

Hi, myself Guru I'm educator in India, Bangalore. Mostly guide medical aspirant students. Parents offend asking me how and where to get study loan. Looking for financial institutes support Medical Student loan. Most of them going to study MBBS in Bangladesh Cheapest Medical colleges international recognized MCI Approved. For more Direct MBBS Admission related query you can Contact SMILE EDUCATION Find MBBS Fees in Bangladesh

You'll get many more reference websites like mbbsguru dot in  mbbsadmission dot co  urguide dot in

Author 

Guru

Education loan to study Medicine Top 5 Banks

Education loan is one major breather for the students who wish to study abroad. You can take an education loan to fund your studies. All major banks provide educational loans to the students who go abroad for higher studies up to INR Twenty lakhs. Some major banks provide loans of up to INR Thirty lakhs. The study loan in India is provided to any student who wants to pursue Medical Study in Bangladesh or abroad irrespective of the course he/she has chosen. However, the course and university must be recognized and the candidate must meet all the demands set by the bank. The interest rate will vary from bank to bank and ranges from 11.45 to 13% per year.

Here, we are having a comprehensive look at the various educational loan schemes in India:

 

Top Five Banks offering Education Loan

State Bank of India Educational Loan Scheme

If you couldn’t arrange for the finances, you can also look for some loan scholarships such as State Bank of India Educational Loan Scheme. It is a loan scholarship that is given to the students who go abroad for higher studies for certain courses such as Engineering, Medicine, Architecture, Technology, Management, Business Administration etc. The loan amount is up to 10 lakhs. The borrower needs to show a security that is equal to 200% of the loan amount. At the passing of the loan, the Bank directly pays the amount to the University.

Bank Of Baroda Educational Loan: 

Bank of Baroda provides educational loans for medical students under the scheme Baroda Gyan. They provide loans, the limit of which is specified up to Rs.10 lakhs. The loan margin is provided above Rs.4 lakhs, which is 5 per cent and above Rs 4 lakh it is 15 per cent. Students wanting to study abroad can availd loan upto Rs 20 lakhs.  There is no need of collateral or security for loan upto rs 4 lakhs. For loan above 7.5 lakh, a t angible collateral security equal to 100 per cent of the loan amount along with assignment of future income of the students is required. The loan has to be repaid in 120 maximum Installments for loan amount upto Rs 7.50 lakhs and in 180 maximum Installments for loan amount above Rs 7.50 lakhs. Interest counted on loan is calculated on the loan amount over a base rate.

Punjab National Bank Educational Loan Scheme

Another loan scholarship is Punjab National Bank Educational Loan Scheme. The loan amount includes the tuition fee, boarding and lodging and the living expenses of the student. One major problem with the education loan is that the student needs to start repaying the amount after six months of completion of the course. All basis expenses like costs of books, tuition fees, lodging expenses, caution deposits and the like are covered under the educational loan that can be availed upto a maximum limit of Rs. 10 lakhs. Repayment period for loans upto Rs.7.50 lakh is 10 years and for loans    above Rs.7.50 lakh upto 15 years. Tangible collateral security of suitable value is required with the assignment of future income of the student for payment of installments for loan above rs 7.5 lakhs.
 

IDBI Bank Education Loan: 

With IDBI Bank, one can avail educational loan for medical courses upto Rs 10 lakh. The bank puts no loan margin up to an amount of Rs. 4Lakhs but above for applying loan above Rs 4 Lakh, 5 per cent is applied to the total expenditure on the course if a student studies in India. For students studying abroad, the bank loan bears all possible expenses from college tuition fees, examination, library, laboratory fees, travel expenses, expenses for study material like books, caution deposits, travel expenses, , computers and even insurance premium for any student borrower. The  student taking the loan have to repay the loan  after getting a job or Plus 1 years after the course completion.

HDFC Bank Student Loan:

The bank provides education Loan upto Rs. 10 lakh and unsecured lending upto Rs. 7.5 lakh. No collateral will be required for loans upto Rs. 7.5 lakh. For applying for a loan above Rs 7,5 lakh, the bank provides a wide range of bank approved collateral securities like Residential Property, HDFC Bank Fixed Deposit, LIC, NSC or a KVP policy.The maximum repayment tenure  of the loan is upto 15 years after getting a job or +1 years after the course completion.

For Career counseling and Admission Advice 

Contact: Smile Education Consultancy

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Hi, myself Guru I'm educator in India, Bangalore. Mostly guide medical aspirant students. Parents offend asking me how and where to get study loan. Looking for financial institutes support Medical Student loan. Most of them going to study MBBS in Bangladesh Cheapest Medical colleges international recognized MCI Approved. For more Direct MBBS Admission related query you can Contact SMILE EDUCATION Find MBBS Fees in Bangladesh

You'll get many more reference websites like mbbsguru dot in  mbbsadmission dot co  urguide dot in

Author 

Guru