Resources@Loan Facility Briquer Logo

Education Loan Facility

Reserve Bank of India offers educational loan facility through various banks. As per its scheme, no collateral security is required to be provided to the bank for up to Rs 4 Lakhs loan. For loans from 4 lakhs to 7.5 lakhs, only a third party guarantee is sufficient and this can also be waived off at the discretion of the bank. Only for loans above 7.5 lakhs, collateral security is needed. The timeframe for obtaining such loans varies between 15 days to 1 month. All sorts of degree/certificate programmes are eligible for this loan facility. The procurement and repayment of loan is made by mutual agreement between the student and loaning Bank.

Sponsored Advertisements

  •  
  •  
  •  
  •