Education Loan: Process: Overview

The education loan process is relatively simple. One can also apply for a loan online and get a loan sanctioned in principle. One can visit a bank branch for further formalities to be completed. The loan process is as follows:

Filling in the loan application form.
Personal Discussion.
Provide validated supporting documents.
Stage of loan approval or denial.
Borrower's signature on a Promissory Note.
Loan disbursal.

Education Loan: Process: Basics

Education loan has several steps, one can also apply online

Education loan has several steps such as application, discussion and supporting documents; before the loan is sanctioned or disbursed. One can also apply for loans online. ......

Good intentions -Not so good results

Education is seen as a poverty breaking tool. It is heavily subsidized by the government and its loans are part of priority sector lending for banks. Why is it still lying low? ......

What expenses are covered by a student loan?

Education loan covers for expenses like books, tuition fee, stay etc ......

Special education loan packages from banks

Special packages for study loan from institutes like IIM, IIT from SBI ......

Education Loan: Process: Did you know...?

Clear education loans within 15 to 30 days says FM

Clear education loans within 15 to 30 days says FM ......

Government to consider installment-free education loan proposal

Government to consider installment-free education loan proposal, banks to lend without collaterals ......

Best Interest Rates

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As on 19 Mar, 2010


	Product	Rate
	Home Loan Fixed Rate (20 Years)	9.25% - 14%
	Home Loan Fixed Rate (20 Years)	9.25% - 14%
	Personal loan (5 years):	12% - 35%
	Small Ticket Personal loan:	29% - 45%

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