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Expenses considered for loan generally include the fee to be paid to either of the college / university / school where the applicant had got admission. The other expenses may include the travel and passage expense for the case if student studying abroad. Other expenses include those which are considered necessary for studying course and suggested by the university guidelines for students.
Maximum amount of loan granted for studying in India is Rs. 30 lakhs whereas the maximum amount of loan granted for studying abroad is Rs 40 lakhs.
Interest rate is subject to change, but the current rates are :
No fee for processing loan for India is taken from the candidate. However a little charges might be taken for abroad study. Contact the nearest branch for further current information
The tenure of repaying the loan is usually 5 to 7 years for the borrower after commencement of repayment period. It usually starts from smaller time either of the two from course period + one year or course period + 6 months of job.
Nil for 4 lakhs loan otherwise 5 % for studying in India and 15 % for abroad