Kalvimalar

Education loan has become handy to students as well as parents to ensure to fulfill the education dream of a family or an individual. But, many are not aware of the intricate process of education loans. Here it is for you ...!

76. If the applicant happens to have savings account in the same branch where they got the educational loan, do they get any special assistance/discount or rebate? 

No. 

77. Which is the best bank (government or private) to get education loan?

Both are suitable for education loans.

78. Can a student get interest subsidy on education loan? Yes. It will be added to the loan amount. 

79. Can a student who has taken an education loan pay off the interest on the loan?

If they can, they can start paying. 

80. Can any applicant get two education loans at the same time in different banks?

Not at all possible. 

81. Will the bank give the education loan directly to the student or to the college?

It will be sent to the college directly. 

82. Is there any specific time limit to enquire about educational loan in banks?

There is no such thing. Can be accessed anytime.

83. Is educational loan provided for vocational studies? 

Yes.

84. Is education loan provided for nursing studies?

Yes.

85. What is the eligibility criteria for educational loan for nursing studies?

Letter of admission for degree/diploma program from a recognized university/college.

Must have passed 10+2 (12th standard) for Undergraduate and Degree for Postgraduate.

Graduate/Post Graduate programs in colleges/ universities recognized by UGC/Government/AICTE/AIPMS/CMR 

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