Education Portal for Students in India

Documents Required – You are required to submit a list of documents along with your duly filled application form and 2 passport size photographs, see the documents mentioned below.

Aadhaar CardPAN Card (Parent or Guardian)PassportAdmission LetterSalary Slip/CertificateITR ReportLast 6 months bank statementCollateral documents such as property papers, Fixed Deposit receipts, Insurance, etc.

Note – Income documents like salary slip/certificate, ITR report, last 6 months bank statement are to submitted by the Once these documents are verified by the lender, the loan processing comes to its next procedure i.e. the processing fee accounting for upto 1% of the loan amount. A few lenders don’t charge a processing fee.
View complete answer

Can I get 40 lakhs education loan in India?

Processing Fees – 0 (Up to 20 Lakhs) | INR 750 per lakh (More than 20 Lakhs) Apply Loan Online Established in 1994 as UTI Bank, Axis bank provides education loans to students who want to study in India or abroad. Axis bank is the third largest commercial private bank in India.

1. Prime A: This list contains mostly Masters programmes from top universities.
2. Prime B: Besides Masters programmes, it includes a few Bachelors degrees as well.
3. Non-prime: Courses and institutes which do not form a part of Prime A & B lists are included in this category.

” frameborder=”0″ allow=”accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture” allowfullscreen=”” title=”Axis Bank education loans: GyanDhan”> Axis education loan does not just help students to realize the financial requirements of studying abroad but also offers a 100% tax benefit to them on the interest paid under Section 80(E) of the IT Act. Other than these features, as a scheduled commercial bank, government schemes such as Central Government Interest Subsidy Scheme ( CSIS ) for Economically Weaker sections (income up to Rs.4.5 Lakhs) are available at Axis Bank. Check Axis Education Loan Eligibility
View complete answer

What is max student loan amount?

$57,500 for undergraduates-No more than $23,000 of this amount may be in subsidized loans. $138,500 for graduate or professional students -No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study.
View complete answer

Do student loans stop after 10 years?

The Public Service Loan Forgiveness (PSLF) program was established in 2007 to help borrowers pay off their student loan debt easier and faster. Under the federal program, eligible borrowers can have their loans discharged after 10 years if they meet eligibility requirements.
View complete answer

What will be the interest for 20 lakh education loan?

The interest rates will be floating for entire period of loan – Education Loan Portal mean rate of interest 9.37%.

SBI STUDENT LOAN SCHEME
Loan Limit	EBR	CRP	Effective Interest Rate	Rate Type
Upto Rs 7.5 Lakhs	8.55%	2.00%	10.55%	Floating
Concession	0.50% concession in interest for girl students
Above Rs 7.5 Lacs	8.55%	2.00%	10.55%	Floating
Concession	0.50% concession in interest for girl students
0.50% concession for students availing of SBI Rinn Raksha or any other existing policy assigned in favour of our Bank

table>

SBI SCHOLAR LOAN SCHEME (Including TAKEOVER and PART-TIME COURSES for select institutes) List EBR CRP Business Strategy Discount Effective Interest Rate Rate Type AA All IITs 8.55% 0.00% (-) 0.60% 7.95% (With or without co-borrower) Floating Other institutes 8.55% 0.05% (-) 0.60% 8.00% (With or without co-borrower) Floating A All IITs 8.55% 0.00 (-) 0.60% 7.95% Floating Other institutes 8.55% 0.50% (-) 0.60% 8.45% Floating B All NITs 8.55% 0.50% (-) 0.60% 8.45% Floating Other institutes 8.55% 1.00% (-) 0.60% 8.95% Floating C All NITs 8.55% 0.50% (-) 0.60% 8.45% Floating Other institutes 8.55% 1.50% (-) 0.60% 9.45% Floating

table>

SBI SKILL LOAN SCHEME Loan Limit EBR CRP Effective Interest Rate Rate Type Upto Rs 1.5 Lacs 8.55% 1.50% 10.05% Floating Concession No Further Concession

table>

SBI GLOBAL ED-VANTAGE SCHEME Loan Limit EBR CRP Effective Interest Rate Rate Type Above Rs.7.50 lacs & Upto Rs 1.5 Cr 8.55% 2.00% 10.55% Floating Concession 0.50% concession for students availing of SBI Rinn Raksha or any other existing life policy assigned in favour of our Bank Further Concession 0.50% concession for girl students

table>

SBI TAKEOVER EDUCATION LOANS SCHEME (Under Student Loan & Global Ed-Vantage Scheme) Loan Limit EBR CRP Effective Interest Rate Rate Type Above Rs 10 lacs & Upto Rs 1.5 Cr 8.55% 2.00% 10.55% Floating Concession 0.50% concession for students availing of SBI Rinn Raksha or any other existing life insurance policy assigned in favour of our Bank Further Concession 0.50% concession for girl students

table>

SHAURYA EDUCATION LOAN (For wards of Defence & Indian Coast Guard ) Loan Limit EBR CRP Effective Interest Rate Rate Type Upto 7.50 lakhs 8.55% 2.00% 10.55% Floating Concession 0.50% concession for girl students Above Rs.7.50 Lakhs & Upto Rs.1.50 Cr In case of Secured Loan 8.55% 2.00% 10.55% Floating In case of Unsecured Loan 8.55% 2.00% 11.15% Floating Concession 0.50% concession for girl students 0.50% concession for students availing of SBI Rinn Raksha or any other existing life insurance policy assigned in favour of our Bank

Last Updated On : Tuesday, 15-11-2022
View complete answer

Can I get 20 lakhs education loan with collateral?

There is no need for any collateral security or a third party guarantee. For a loan above Rs.7.5 lakh, a parent or a guardian is required along with tangible collateral security.
View complete answer

Is it possible to get 20 lakhs education loan without collateral?

Collateral Required for Education Loan The highest sum allowed for a study loan, according to RBI, is Rs.10 lakh for programs in India and Rs.20 lakh for programs abroad. According to the rules, collateral security is not needed for loans up to Rs.
View complete answer

How much EMI can I get for 20 lakhs?

FAQs – At 7.55% interest, currently being charged by State Bank of India, your home loan EMI for a month will be Rs 14,053 for a tenure of 30 years. Banks keep changing home loan interest rates, based on changes in the RBI’s repo rate. As on June 2022, leading banks in India are charging interest above 7%.

Keeping it Real: Housing.com podcast Episode 9 Keeping it Real: Housing.com podcast Episode 8 Keeping it Real: Housing.com podcast Episode 7 Keeping it Real: Housing.com podcast Episode 6 Keeping it Real: Housing.com podcast Episode 5 Keeping it Real: Housing.com podcast Episode 4

: Rs 20 lakh home loan EMI: Based on interest rates in 2022
View complete answer