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Can I get education loan before admission?
You can apply for education loan before getting admission confirmation from University / College. If your case is approved, you’ll get a conditional loan sanction letter. Students and parents feel confident to apply for better colleges, without worrying about how to fund the education cost.
Can I get education loan after admission?
Eligibility to Get an Education Loan at either postgraduate level or graduate level. Students who wish to obtain an education loan must submit the admission letter or offer letter or conditional offer letter to the bank. Without admission letter, it is difficult to obtain an education loan.
How much percentage is required for study loan?
The bank filed the present appeal saying candidates who have secured 60\% marks and above alone are eligible to get education loan as they alone can be treated as meritorious candidates.
Can you apply for student loan after the deadline?
Don’t panic if you miss the deadline. You can apply for Student Finance up to nine months after the start of the academic year, but the longer you leave it, the more of your own cash you’ll have to shell out in the meantime.
Which bank give more education loan?
Compare Top Education Loan Offers 2021
| Name of Bank | Interest Rate (p.a.) | Loan Amount |
|---|---|---|
| Bank of Baroda | 7.85\% to 9.85\% | Up to 4 Lakh and above |
| HDFC | 9.55\% to 13.25\% | Max Apr |
| Tata Capital | 10.99\% onwards | Up to 30 Lakh |
| Union Bank of India | 8.80\% to 10.05\% | Need-based finance |
Is 12th marks important for education loan?
So generally Banking institutions ask the students for a better result , base and good ranking for being eligible to get a loan . It is generally 80\% average in 10 and 12 .