Best Student Loan Offer in India:- Bank of Baroda offers education loans to Indian students. This bank provides up to 20 lakh in education loans. However, customers must pay a 15% loan margin. This loan is offered on terms of a moratorium period. For this reason, it is important to compare student loan offers from different banks and choose the best option for your needs.
ICICI Bank
In India, ICICI Bank has many branches and ATMs to help its customers in any financial need. Besides this, the bank also has a presence in 17 countries, so you can take assistance from ICICI Bank wherever you are. With global education being a trend, there is a great demand for trained professionals, who can make a mark in their chosen field. ICICI Bank offers a wide range of educational loans to help you meet your educational requirements.
ICICI Bank is one of the best banks in India for student loans. It understands the importance of education and helps students realize their dreams. The bank has a loan scheme that is flexible and easy to repay. Besides, the interest rates are competitive. In addition, the bank also offers a wide range of educational loans for both domestic and overseas study.
Apart from covering your education costs, ICICI Bank student loan offers special interest rates for premier institutions. Apart from this, you can also apply for a subsidy for your education loan if you earn less than Rs. 4.5 lakhs a year. The bank also offers education loans with no processing fees. However, this depends on the course and college you are attending. Moreover, you can also qualify for a tax-deductible loan for parents under section 80 E of the Income Tax Act of 1961. This will allow you to claim the interest you pay on the loan as a deduction on your income tax returns.
ICICI Bank’s education loan is one of the best in India. The bank offers loans for students up to Rs 50 lakh within India and up to Rs 1 crore abroad. This loan will cover your tuition fees, housing, travel, and any other course-related expenses. In addition, ICICI also covers the refundable deposit required to buy a house.
IDBI Bank
IDBI Bank offers an education loan for students studying non-vocational courses. The maximum loan amount is INR 30 lakh or 100 percent of the cost of the program. However, the borrower has to make a margin contribution of Rs. 1 lakh for domestic study, and Rs. 3 lakh for study abroad. The bank will then offer the rest of the money for the course fees.
The education loan is payable in five to seven years. The interest rate offered is lower than the general rate. IDBI also offers a special interest rate for premier institutes. Furthermore, the parent or guardian of the student can make a payment on the loan amount during the moratorium period. This way, the student can reduce the loan amount and still complete the course.
Students can apply for this loan if they are Indian citizens and have secured admission to an Indian college or university. They must have passed their HSC (10+2) or secured a seat under a merit quota. They should also fulfill the general and ST/SC/OBC criteria.
IDBI Bank offers loans against gold at low-interest rates. Their service is quick and easy, and the gold pledged is safely stored in the bank. Moreover, IDBI Bank Gold Loan does not require many documents and is approved within an hour. The bank also offers special offers for its existing customers. The minimum documentation required is basic identification and address verification.
If you are a student, IDBI Bank offers different schemes that can help you pay for your education. These educational loans also cover the expenses of studying abroad. The loan is available in different amounts. It is easy to qualify if you have a stable financial base.
HDFC Bank – Student loan offer in India
HDFC Bank offers hassle-free education loans to students. These loans are available for courses from undergraduate to postgraduate. They are also available for distance learning courses and air hostess training courses. These loans are designed to provide funds for the cost of tuition and hostel fees, examination fees, library and laboratory fees, caution deposits, and other costs associated with the course. In addition to this, the HDFC student loan also covers travel expenses and the cost of essential articles needed to complete the course.
HDFC education loan is designed to help students pursue a higher education degree in a recognized university or college. It features flexible repayment options and easy documentation processes. These loans are tailored to meet the needs of various academic institutions and programs. However, HDFC education loan schemes require collateral security. If you are applying for a loan amount of more than Rs. 7.5 lakhs, you should ensure that you have a property or other asset that can be used as collateral for repayment. This collateral can be in the form of residential property, HDFC Bank Fixed Deposit, LIC, or a valid document.
You can apply for an HDFC Bank student loan if you are studying full-time. To be eligible for this loan, you must be 16 to 35 years old. You must have a co-applicant, such as a parent, guardian, or spouse. If you are 16 or older, you must have a property that can be pledged as collateral.
Students who wish to study abroad may also apply for an HDFC Credila education loan. This loan covers tuition fees, living expenses, books, and travel costs for students studying in more than 35 countries. It also provides tax benefits under Section 80(E) of the Income Tax Act 1961. The loan can be used as proof of funds, thereby helping you qualify for a visa.
Discover
Educational loans in India can be taken for several reasons. Generally, these loans are available for undergraduate and postgraduate programs. However, some banks may also offer loans for specialized courses. These include nursing certificates, IT courses, pilot training, and job-oriented diplomas. The repayment period of these loans can start as soon as the course is over.
One of the greatest advantages of Discover student loans is that they allow you to postpone payments until graduation or a later date. They also offer forbearance options for borrowers who may run into financial difficulties. This can help students who cannot pay their loans promptly. However, this type of loan may not be suitable for everyone. This is because the repayment period is only 15 years for undergraduates, and 20 years for graduates. However, this type of loan has the advantage of not requiring a cosigner, which is helpful when you have limited funds to pay off your loan.
Another advantage of Discover is its 24-hour customer support. The company has both US and international numbers for borrowers to call. Additionally, Discover has a reputable app that has received great reviews from users. This app is available for Android and Apple users. You can use it to apply for loans, make payments, and track your payments.
Another advantage of Discover student loans is that it offers both fixed and variable-rate loans. It also offers a minimum rate of 0.25 percent and no origination or refinances fees. Its low-interest rates are good news for students with decent credit. In addition, you won’t have to pay a loan application fee, origination fee, or late fees. The company also has an “A+” rating from the Better Business Bureau (BBB) for its excellent reputation with customers.
PNB Student loan offer in India
Students who are pursuing higher education in India have a variety of financial options to choose from. One option is to go for a PNB student loan. This option offers lower interest rates for students who study at reputed institutions. These institutions include IITs, NITs, and XLRI. PNB is one of the largest student loan lenders in India. With more than $11 billion in student loans, PNB offers a wide variety of financial products to fit every need.
There are three loan options offered by PNB. The first is the PNB Udaan education loan, which provides financial assistance to meritorious students pursuing higher education abroad. This loan is available to Indian citizens attending recognized institutions abroad. To qualify for this loan, you must have obtained admission to the institution through an entrance test or merit-based selection process. The loan will cover college tuition, hostel accommodation, course-related travel, examination/laboratory expenses, and the purchase of course-related equipment.
PNB student loan India requires a bank account statement of the borrower’s savings or loan account for the past year. A parent’s ITR or form 16 is also needed to qualify for this loan. Students must also submit proof of insurance and a copy of receipts from institutional payments. The lender will verify these documents and send you a confirmation email with the details.
PNB offers an education loan that is accepted by hundreds of universities in India. The maximum loan amount depends on the course you are pursuing, as margins and collateral requirements differ for different courses. Each loan also has its repayment period and a different interest rate. Additionally, you can take advantage of other scholarships to finance your studies. For instance, HDFC Scholarship, Canara Bank Scholarship, and Inspire Scholarship to provide funding for studies in India and abroad.