FAQ

Is education loan available for BCOM students?

Is education loan available for BCOM students?

Yes, banks lend for graduate and postgraduate studies in any discipline including ‘B.Com’. The education loans are generally provided for courses where the chances of employ ability of the student is high post completion of course.

Can I get a student loan for an undergraduate degree?

What you can apply for. Eligible full-time and part-time undergraduate students can apply now for both a tuition fee loan and a maintenance loan. If you have been classified as an EU student by Student Finance England, you can apply for a tuition fee loan, but not for a maintenance loan – EU students are ineligible.

How much undergraduate student loans can I get?

Undergraduates can borrow up to $12,500 annually and $57,500 total in federal student loans. Graduate students can borrow up to $20,500 annually and $138,500 total. But just because you can borrow that much doesn’t mean you should.

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How can I fund a degree without student finance?

Full-time students will not be eligible to receive the Maintenance Loan for the duration of the course. If you study Architecture there is an exception in the rules that allow a Maintenance Loan to be available for a new course. You will be eligible to receive the Disabled Students’ Allowance depending on your needs.

Which is the best bank for education loan in India 2021?

First, let’s check the 11 best banks for education loan in India 2021. #1. HDFC Bank Education Loan Maximum Loan Limit: Rs. 20 Lakhs and above. HDFC Bank grants education loans to study in India and abroad. The maximum loan amount for studying in India is limited to Rs. 20 Lakhs.

How much student loan can I get without collateral in India?

Public banks – Public banks like SBI, BOB, etc according to their policies can only provide up to 7.5 lakhs student loan without collateral irrespective of the course and country. But for some top-tier institutes in India, you can avail up to 40 lakhs of unsecured education loans from SBI.

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How can I get foreign education loan from South Indian Bank?

You can get foreign education loan from South Indian Bank (SIB) for pursuing a full-time UG/ PG/ PhD and diploma, skill development courses abroad with a duration of more than a year. The SIB Global education scheme provides funding for tuition fees, exams, library & lab fees, travel expenses, hostel, insurance and books costs.

What is the maximum loan amount for studying in India?

The maximum loan amount for studying in India is limited to Rs. 20 Lakhs. Whereas, all the cost of education is covered under the loan for foreign education, with no upper limit. But you need to provide collateral in the form of a fixed deposit or immovable property to the bank.