what educational loan will i get?

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what educational loan will i get?

Asked by Rakhi muraleedharan on 22 November 2007 at 3:10 PM.
Answered by Studyplaces Counsellor Student Loan

Education loans are given for pursuing all types of education viz. general, professional, technical and vocational courses.

All public sector banks and few private sector banks are providing education loan to meet student’s study expenses in India and abroad.
The scheme enables the students to meet the following costs for studies in India as well as abroad: admission fees, books & stationery, instruments required for the course, monthly fees, examination fees, insurance premium for policy on life of the borrowing student, caution deposit/ building fund/ refundable deposit supported by bills/ receipts, expenses like study tours/ project work/ thesis etc. required to complete the course, boarding and lodging expenses, and travel expenses/ passage money including air fare for joining the course abroad.

Eligibility to secure education loan:

• Should be an Indian National.
• Secured admission to Professional / Technical courses through Entrance Test / Selection process.
• Secured admission to foreign University / Institutions.
• Student should have secured pass marks in the qualifying Examination for admission to Graduation Courses.