Can I get education loan merchant navy?
You are eligible to apply for an education loan if you are a resident of India and you are 18-35 years old during the loan application. One should have secured admission in a college or university affiliated with UGC/AICTE/Govt. Bank.
Which bank provide education loan easily?
Banks offering Education Loans and Collaterals Required
| Bank | Loan Amount and Collateral Required |
|---|---|
| HSBC | Loan up to Rs.5 lakhs do not require collateral |
| State Bank of India (SBI) | Domestic Education – Up to Rs.15 lakhs Foreign Education – Up to Rs.20 lakhs For loans up to Rs.7.5 lakhs no collateral is required |
How can I get loan from merchant navy?
Home Loan Documents Required for Merchant Navy Employee
- 1.1 Copy of Valid Visa.
- 1.2 Copy of Valid Passport.
- 1.3 Latest Employment Contract.
- 1.4 Latest Salary Certificate.
- 1.5 Latest Work Permit.
- 1.6 Overseas Bank Account (NRE/ NRO) statement for the last six months.
- 1.7 Continuous Discharge Certificate (CDC)
Which bank is best for education loan without collateral?
ICICI Bank – This is another leading private bank that offers education loans without collateral for up to INR 40 lakhs for selected programs and institutes. The rate of interest for unsecured education loans from ICICI Bank starts at 10.75\%. The loan tenure is between 10 to 12 years for a post-graduate program.
Which bank is best for education loan for abroad?
Top Education Loans Providers in India for Study Abroad
- HDFC Bank. HDFC Bank offers education loans with preferential interest rates for reputed universities.
- State Bank of India.
- Axis Bank.
- Punjab National Bank.
- Bank of Baroda.
- Canara Bank.
- IDBI Bank.
- Avanse Financial Services.
How much percentage is required for education loan?
The bank filed the present appeal saying candidates who have secured 60\% marks and above alone are eligible to get education loan as they alone can be treated as meritorious candidates.
What is the minimum amount of education loan?
Education Loan Interest Rate in 2021
| Interest Rate | 8.40\% onwards |
|---|---|
| Minimum Tenure (excluding grace period) | 5 years |
| Moratorium Period (after course completion) | 1 years |
| Minimum Loan amount | ₹ 50,000 |
| Maximum Loan without collateral | ₹ 4,00,000 |
Can NRI get personal loan India?
NRIs can get the personal loan amount from the bank in their NRE or NRO accounts. Most lenders provide the loan amount in Indian rupees. However, some banks also provide these loans in foreign currency.
Is 12th marks important for education loan?
There is no rule that a candidate has to secure atleast 60℅ marks for getting an education loan in India.
Which is the best bank for education loan in India 2021?
First, let’s check the 11 best banks for education loan in India 2021. #1. HDFC Bank Education Loan Maximum Loan Limit: Rs. 20 Lakhs and above. HDFC Bank grants education loans to study in India and abroad. The maximum loan amount for studying in India is limited to Rs. 20 Lakhs.
What do the education loan banks cover?
The education loan banks cover a number of expenses incurred by students such as education fees, books, hostel fees, travel, examination fees, etc. Census shows that banks have funded more than 15 Crore (150 million) students of the nation with almost 80000 Crore (800 billion Indian rupees) worth of education loans till the financial year 2017-18.
What is the maximum amount of Education loan given by HDFC Bank?
HDFC Bank grants education loans to study in India and abroad. The maximum loan amount for studying in India is limited to Rs. 20 Lakhs. Whereas, all the cost of education is covered under the loan for foreign education, with no upper limit.
Which banks in India do not charge processing fee for education loan?
The proof documents are the last three years IT returns, a copy of CA certificate, sale deed of immovable properties, FD and NSC receipt, Bonds or Demat statement. ” #3. Union Bank of India Education Loan Union Bank does not charge any processing fee from Indian students for education loans irrespective of the loan amount.