Can UPSC students get loans for coaching?
Table of Contents
Can UPSC students get loans for coaching?
No,U can’t get the loans for upsc preparation but if any of your parents has a salaried account then u can ask for any personal loan. Thats the only way possible … Reason that the bank doesn’t give loan is that they are not sure whether one can clear the exam or not.
Which bank provides education loan easily?
Banks offering Education Loans and Collaterals Required
| Bank | Loan Amount and Collateral Required |
|---|---|
| HSBC | Loan up to Rs.5 lakhs do not require collateral |
| State Bank of India (SBI) | Domestic Education – Up to Rs.15 lakhs Foreign Education – Up to Rs.20 lakhs For loans up to Rs.7.5 lakhs no collateral is required |
Which government bank is best for education loan?
Top Public Sector Banks Education Loan Interest Rates December 2021
| Public Sector Banks | Education Loan Interest Rates | Tenure |
|---|---|---|
| State Bank of India (SBI) | 6.90\% – 9.30\% | 15 Years |
| Punjab National Bank (PNB) | 6.90\% – 9.55\% | 15 Years |
| Bank of Baroda | 6.85\% – 9.95\% | 15 Years |
| Canara Bank | 7.40\% – 9.40\% | 15 Years |
How can I get education loan for IAS coaching?
The documents you’d need to apply for this would include identity proof, address proof, admission proof in coaching institute, fee receipt for the institute, supporting educational documents, and passport size photographs. Some banks might further ask for certain affidavits.
What are required for education loan?
Documents for Education Loan for salaried individuals: Bank Statement / Pass Book of last 6 months. Optional – Guarantor Form. Copy of admission letter of the Institute along with fees schedule. Mark sheets / passing certificates of S.S.C., H.S.C, Degree courses.
Which Indian bank is best for education loan?
Compare Top Education Loan Offers 2021
| Name of Bank | Interest Rate (p.a.) | Loan Amount |
|---|---|---|
| Bank of Baroda | 7.85\% to 9.85\% | Up to 4 Lakh and above |
| HDFC | 9.55\% to 13.25\% | Max Apr |
| Tata Capital | 10.99\% onwards | Up to 30 Lakh |
| Union Bank of India | 8.80\% to 10.05\% | Need-based finance |
Who is eligible for education loan subsidy?
The scheme is applicable to students belonging to Economically Weaker Sections, i.e. students whose annual gross parental income is up to Rs. 4.5 lakhs. Subsidy is admissible only once either for undergraduate or post graduate or integrated course.
Is there any scholarship for UPSC?
To help budding UPSC civil service aspirants pursue their dream, many private and government led/funded institutions provide scholarships and free coaching to aspirants. The commission has opened a helpline, toll free number 1800118711. File.