Education Loan -Education Minister in India

Education Loan

Education Loan

Our current education minister name is Ramesh Pokhriyal ji . He is a Union Minister of Indian government .The ministry is held currently by Ramesh pokhriyal is divided into two department:

* First is  the department of school education and literacy.

* Second is deal with Primary secondary and higher Education,  adult education, department of Higher Education, which deal with University education.

For Student Educational Loan following banks have very best scheme for education lone.

 Axis Bank education loan :

Axis Bank bring for  education loan for student in India and  abroad the limits of educational loan is Rs 50,000 up to maximum Rs 75 lacs,  for attractive interest rate this loan is very quick and tax benefit under section 80(E) . 

The student loan benefits :

1.This loan taking within 15 working days after the complete application along with the all document. 

2.Axis Bank education loan starting from Rs 50000 .who is Indian citizenship and 50% marks in HSC and graduation .Who have admission for course medicines engineer management etc.

3.      Loan upto Rs 4 lacs                   Interest rate is 15.2%

Rs 4 lacs and up to Rs 7.5 lacs                 Interest rate it is 14.7%

          Loan greater than Rs 7.5 lacs                   Interest rate is  13.7%

Marginal Cost Based Lending rate MCRL is 8.5%.

4.No margin on education loan upto  Rs 400000 Indian student education loan above 4 lacs. It will be 5% margin for Overseas student education loan above 4 lacs the  margin will be e 15%.

And more detail of education loan from Axis Bank you can go on the legal website of www.axisbank.com.

SBI educational Loan scheme 

This loan granted to do Indian nationals for or higher education in India or abroad where admission you has been secured.

SBI student loan benefits :

1. SBI is no processing charge will be we lived on education loan.

2. Payment period up to 15 years after course period.

3. EMI is fixed on principal amount only.

4. The loan amount foreign studies  is maximum Rs  20 lacs.

5. The loan amount studies in India is maximum Rs 10 lacs.

6. If higher loan limit foreign studies abroad are considered under SBI global Ed- vantage scheme.

7. If loan up to Rs 7.5 lacs the effective interest rate is 10.25 %. One year concession 0.5% concession in interest for girls students.

8..If the loan above Rs 7.5 lakh  the interest rate is 10.50%  find 0.5% concession in the interest of girls student  and 0.5% concession for availing of SBI Rinn Raksha scheme.

And more detail of SBI student  educational loan scheme you can go  you there legal website www.sbi.co.in.

The educational loan from HDFC Bank

HDFC Bank gives Indian education  loan fuel for children aspirations. apply for educational loan upto Rs 10 lacs, bank will get the option of an insurance cover.

The educational loan from HDFC Bank it service  will very quick disbursal of fund for Indian education. HDFC Bank  provide the financial support for every Indian child for giving the opportunity for your goals and  achieve our educational needs.

If you get EMI of educational loan from HDFC Bank you can visit the www.hdfcbank.com