Education Loans In India, List Of Banks Offering Student Education Loans In India, Study Abroad Education Loans

Until a few years ago higher education institutions in quality was not available to students deserved due to financial constraints. So there was no alternative but to enter the job market fairly soon. All this means premature end of many budding talents and the subsequent transformation forced into mediocrity. Although some scholarships were available, but these were so few in numbers that only the lucky few could obtain.

The boom in the banking sector has led to release of large amount of funds for education loans. Now, education loans are easily available from various banks in India and this change is encouraging more and more students to take up higher education despite their financial shortcomings. Many nationalized banks have come up with various educational loan schemes that

students can benefit from.Even private banks are not lagging far behind. The wave of change could be well gauged from the amusing situation that immediately after the results announcements of CAT or PMT/ IIT JEE, the representatives of the banks queue up for giving education loans to the successful candidate even with very flexible conditions. This scenario is certainly helping the illustrious students to pursue higher education and realize their dreams. Here, we have tried to list the name of banks and the details about various educational loans provided by them.

Education loans cover cost of the school/college fee, hostel expenses, and cost of books and stationery. Apart from this, any other expense required to complete the course can also be considered. The maximum amount of education loan is up to Rs. 7.50 lakh in case of study in india and Rs 15 lakhs for study abroad. The sum of money offered is against a third-party guarantee. The third-party guarantee can come from an uncle, neighbor or friend standing guarantee for the full amount of the loan.  Till some years back higher education in india and quality education was not affordable to some illustrious students because of the financial constraints. There was no any alternative but to jump in the job market prematurely.

Education Loans from Banks in India

Most private banks in India offer flexible options related to education loans. Certain private banks offer very low interest rates and give various allied benefits to the borrowers, by opening a savings account for them or providing them with debit cards. Some banks also provide customized education loans, created for specific requirements. Please click on the name of the banks below to access the details of the education loans provided by them

	Allahabad Bank		Axis Bank		Bank of Baroda
	Bank of India Loan		Bank of Maharashtra		Bank of Rajasthan Loan
	Canara Bank Student Loans		Federal Bank Vidya Loan		HDFC Bank
	ICICI Bank		IDBI Bank		Indian Overseas Bank
	Oriental Bank of Commerce		Punjab and Sind Bank Loan		Punjab National Bank
	State Bank of India		Syndicate Bank Loans		UCO Bank Education Loan
	Union Bank of India		United Bank of India Loans		Vijaya Bank Education Loan