EDUCATION LOAN
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Education Loan
Education loan is a sum of money borrowed to finance post-secondary education or higher education-related expenses. Education loans are intended to cover the cost of tuition, books and supplies, and living expenses while the borrower is in the process of pursuing a degree.
Types of Education Loan
- Domestic Education Loan
- Overseas Education Loan
- Undergraduate Loans
- Postgraduate Loans
- Career Development Loans
Important Features
- The loan amount can go up to Rs.1 crore for international students and up to Rs.50 lakh for domestic students.
- 100% financing available for certain conditions.
- The financing covers other expenses, such as student exchange travel expenses and laptop.
- Preferential forex rates may be available for international disbursements.
Required Documents
- KYC documents
- Mark sheets of 10th, 12th, graduation and entrance exams
- Admission letter
- Fee structure
- Co-applicant KYC and income proof in some cases
