Table of Contents
What is the minimum percentage for education 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.
Does marks matter in education loan?
Factors taken into account: When banks receive an educational loan application, the main factors they would consider are: Academic background of the student: The bank study through the track record of marks, credits, and achievements of the applicant.
What are the eligibility to get education loan?
Education Loan Eligibility Tabular representation
| Particulars | Eligibility |
|---|---|
| Nationality | Indian |
| Age | Minimum- 18 years Maximum- 35 years |
| Academic record | Proven- good |
| Qualification | Pursuing graduate/postgraduate degree or a PG diploma. |
What documents are required for education loan?
Documents required for Education Loan
- KYC documents.
- Bank Statement / Pass Book of last 6 months.
- Optional – Guarantor Form.
- Copy of admission letter of the Institute along with fees schedule.
- Mark sheets / passing certificates of S.S.C., H.S.C, Degree courses.
Can I take personal loan after education loan?
The answer to the question, ‘can students get Personal Loan’ is yes, you can. You can apply for a personal loan and use the money to finance your education.
What is the age limit for a student loan?
There is no upper age limit for students applying for student finance but if the student is over 60 the amount they can get depends on their household income. Students can usually only get student finance for their first higher-education qualification.
Can a salaried person apply for education loan?
Both self-employed professionals/non-professionals and salaried applicants can apply for this Education Loan in India.
Which bank is best for education loan in Tamil Nadu?
Education Loan In Tamil Nadu
| Bank | Interest Rate(\%) | |
|---|---|---|
| State Bank of India | 8.3-10.7\% | Find My Rate Know More >> |
| Axis Bank | 10.5-15\% | Find My Rate Know More >> |
| Avanse | 12-14.5\% | Find My Rate Know More >> |
| InCred | 11.75-14\% | Find My Rate Know More >> |