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SearchYourCollege.com understands that financing education can be a significant concern for students and their families. That's why we offer comprehensive Education Loan Services to help students navigate the complex world of student loans and secure the funding they need to pursue their educational dreams.
Our Education Loan Services team consists of experienced professionals who are well-versed in various loan programs, scholarships, and financial aid options. We guide students through the entire loan application process, providing personalized assistance and expert advice every step of the way.
At SearchYourCollege.com, we believe in simplifying the loan process and ensuring transparency. We help students evaluate different loan options, compare interest rates, and understand the terms and conditions associated with each loan program. Our team assists in filling out loan applications accurately and efficiently, minimizing the chances of errors or delays.
Furthermore, we provide guidance on exploring scholarships and grants that can offset the burden of student loans. Our team helps students identify potential scholarship opportunities and provides tips on writing compelling scholarship essays.
We understand the importance of responsible borrowing and emphasize financial literacy. Our Education Loan Services team educates students on managing their finances effectively, including loan repayment strategies, budgeting tips, and resources for financial planning.
With SearchYourCollege.com's Education Loan Services, students can focus on their education and career goals, knowing that they have a dedicated team working diligently to secure the best possible financing options for their education. We are committed to supporting students in their pursuit of higher education by offering reliable and comprehensive Education Loan Services.
| Bank Name | Loan Limit | Margin | Processing Time | Tax Benifit | Compare |
|---|---|---|---|---|---|
|
SBI , State Bank of India |
Upto 1.5 Crore | 10% | Usually 15-30 days. | The interest paid on an SBI education loan qualifies for a tax deduction as per Section 80E of the Income Tax Act, 1961. | More Detail Apply |
|
Bank of Baroda , Bank of Baroda |
Maximum Education Loan limit is Rs.125.00 lakh for study in India and Rs.150.00 lakh for study abroad. | 5% to 15% | 15 to 30 working days | Yes,Under Section 80C of the Income Tax Act, 1961 | More Detail Apply |
|
ICICI Bank , Industrial Credit and Investment Corporation of India |
Up to Rs 1 crore for domestic courses, Up to Rs 2 crore for international courses | Margin requirement for premier institutes is waived, while for other category institutes, a 15% margin is applicable (which can be fulfilled through FD, scholarship, or initial fee paid to the institute). | 7 to 10 working days | Yes | More Detail Apply |
|
HDFC Bank , Housing Development Finance Corporation |
Up to ₹150 lakhs, Avail loans of up to Rs. 50 lakh without collateral for select Institutes | 5% to 25% | 15 to 30 days | Save on taxes with a rebate on the interest you pay on an education loan under Section 80-E of the Income Tax Act 1961 | More Detail Apply |
|
Union Bank of India , Union Bank of India |
Up to ₹200 lakhs | 5-15% | 15 to 30 days | Yes,Under Section 80C of the Income Tax Act, 1961 | More Detail Apply |
|
Central Bank of India , Central Bank of India |
Up to ₹20 lakhs | 10% | 15 to 30 days | Yes,Under Section 80C of the Income Tax Act, 1961 | More Detail Apply |
|
PNB Bank , Punjab National Bank |
Upto 10 Lac | Up to Rs. 4 lac - NIL, Above Rs. 4 lac - 15% | 15-30 days | Yes | More Detail Apply |
|
Axis Bank , Axis Bank |
Up to Rs. 50 lakhs | No margin for loans up to Rs. 4 lakhs, 5% margin for loans above Rs. 4 lakhs | 15 to 30 days | Yes,Under Section 80C of the Income Tax Act, 1961 | More Detail Apply |
|
Indian Bank , Industrial Bank of India |
Up to Rs. 50 lakhs | 0% to 25% | 15-30 days | Yes,Under Section 80C of the Income Tax Act, 1961 | More Detail Apply |
|
Canara Bank , Canara Bank |
Up to Rs. 50 lakhs | 10% of the loan amount | 15-30 days | Eligible for tax benefits under Section 80E of the Income Tax Act, 1961 | More Detail Apply |
|
IDBI Bank , Industrial Development Bank of India |
Up to INR 20 lakhs for studies in India and INR 50 lakhs for studies abroad | 5% to 25% | 15 to 30 days | Yes | More Detail Apply |
|
Allahabad Bank , Allahabad Bank Limited |
INR 50 Lacs | 5% for loans above INR 4 lakhs | 15-30 Days | Yes,Under Section 80C of the Income Tax Act, 1961 | More Detail Apply |
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