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Madras High Court Ruled that Education Loan of Over Rs 4 Lakh Can’t be Demanded as Right

Education Loan above 4 Lakh to be covered as per Bank Guidelines - In a big relief to encounter the higher Non performing Assets (NPA) under Education loan, Madras High Court has ruled that any individual can't demand the Education...

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Whether Vocational Courses eligible for Education Loan ?

Vocational / skill development study courses, off-campus courses and on-site/partnership programmes are not eligible for loan under the IBA scheme.

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What is the Eligibility Criteria For Education Loan in India ?

Student eligibility: The student should be an Indian National.Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test/Merit Based Selection process after completion of HSC(10 plus 2 or equivalent). However, entrance...

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What are the Course Eligible For Education Loan ?

Courses Eligible : a) Studies in India: i) Approved courses leading to graduate/ post graduate degree and P G diploma conducted by recognized colleges/ universities recognized by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc. ii) Courses like ICWA, CA, CFA etc....

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What is the Quantum of Finance Under Education Loan ?

Need based finance to meet the expenses worked out as per eligible expenses referred above will be considered taking in to account margins as per Sl no 5 mentioned below subject to the following ceilings: -Studies in India -Maximum upto...

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How To Get Education Loan for Nursing Courses ?

The Indian Nursing Council gives permission to Nursing colleges to start new courses for a period of 1 year which is renewed on a yearly basis. The practice of renewing the permission is done on a year-to-year basis for both...

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How To Get Education Loan By NRI’s ?

Requests received from NRIs can be considered if student is Indian passport holder and they meet other eligibility requirements. However, it would be necessary to accept as security any collateral which is enforceable in India.

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