Q1
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How the interest of the education loan is paid?
I heard that Banks will charge interest from the same month of the loan(Education Loan) sanctioned and the borrower has to pay it from the same month. Is that true?
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Asked by Sukesh on 2010-03-16 20:03:38. |
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Yes , banks will charge interest from the very day they have given money. They will charge interest on the amount they have given. If the loan is released in three instalments , then interest on second and third instalments will not be charged from the first day , but from the days on which those instalments were released.The charged interest need not be paid by the borrower till the 'holiday period' or 'moratorium' (for interest) is over.There may be different moratoriums for principal and interest. Sometimes Bank does not allow any moratorium for interest. In that case interest has to be paid from the first month itself. It is necessary to ascertain the stipulated manner of payment while availing first instalment of loan. Banks do not compond interest on housing loans till end of the moratorium period.
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Answered by serviceuser on 2010-03-16 23:03:34. |
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A1
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Q2
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What is the procedure to get an education loan?
i m planning to do a course in animation from MAAC Delhi.
Can any one tell the procedure to get an education loan?? What are the formalities involved in it?
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Asked by rakesh s on 2009-03-04 16:03:05. |
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You can approach the nearest branch of a bank in your area or the bank at which your father, mother or any of your family members have account: Your previous educations records: fathers income details: admission details for the above course: details about the course and job opportunity after the completion
You go to the Bank with above details: approach the education loan officer: Give will ask the details and you show all the documents you have:I hope you will get if the course is eligible for aid:
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Answered by AR.SAMY on 2009-03-05 08:03:44. |
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A2
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Q3
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What are the formalities for getting education loan for learning MBA?
Hai I've completed B.A English and now desired to do MBA in any one of the colleges in Chennai.I think that I'm not so intelligent to get a seat for MBA on merit basis and i don't have sufficient money for getting enrolled in a management college.So could anyone inform about the formalities and documents required for getting an instant education loan in a trusted bank.
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Asked by yuppie on 2009-02-11 11:02:44. |
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http://getinfo.biz.tm
A very informative website you can also get much information in website
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Answered by Mirabelle M on 2009-02-11 11:02:17. |
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A3
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Q4
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What are the formalities to get an education loan?
Hai I've completed my U.G(B.A English) and desired to go for a MBA with the assistance of an education loan.Could anyone guide me
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Asked by yuppie on 2009-02-28 15:02:26. |
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Many Banks, financial institutions, online lenders etc are ready to offer the loans for students. But students considering their precious time and finds easy to via online as it provides easy access than other source. There are a large number of requirements other than college or course fees. Some of the most crucial are computer expense, hostel charges, and books and so on. The best college student loans are one which comprises all such expenses. But, to qualify for any such one, you have to give it your best shot as far search is concerned. Such purpose can be accomplished by exploring World Wide Web. You will find an innumerable number of lenders offering college student loans.
http://loan-house.we.bs/studentloan.html
http://loan--house.blogspot.com/2008/03/private-student-loans.html
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Answered by Chunnu on 2009-02-28 19:02:13. |
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A4
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Q5
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I want to take a education loan for my MBA in TAPMI?I have no Property to give as security?What to do?
Hi.I am planning to do my MBA from TAPMI.Looking to seek an education loan of around 8-9 lakhs for 2year period.I have no property to show as security.I am working for a company,so can my Account or Income tax file work as security.If not,what are other options???
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Asked by ankit_rg on 2008-04-17 10:04:56. |
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Dear ankit,
you do not need to put property papers for education loan.
Go to a nationalized bank and they will guide you through. Normally all they want is an Term insurance equalant to the loan amount.
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Answered by cancerians_are_emperors on 2008-04-17 14:04:07. |
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A5
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Q6
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Can a detained student get education loan?
If I am detained at 6th sem, B.E., Computer Science & Engineering, can i get education loan for 7th sem?
For my 7th sem fee and to buy a laptop?
detained means failed,
not allowed to enter into next semester without clearing some subjects.
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Asked by prabhu on 2008-04-03 11:04:54. |
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There are a lot of student loans lenders.Before you go for a check on the interest rate and also see that the lender is legitimate.
Do not pay any money to get the loan.
For more information, please visit
http://clg.klik-au.com/
and
http://clg1.klik-au.com/
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Answered by Aranta on 2008-04-06 09:04:32. |
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Q7
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Can I get Education Loan for studying abroad?
I am willing to do MSc Software Engineering in London. For that can I get Education Loan for studying? Which of the banks are giving Education Loan for studying abroad? If possible means how much money could I get? What are the qualification does I need for eligible for that? Shall I want to show any security? Shall I give any security deposit for that? Give me the suggestions. Thanks.
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Asked by Ramyakiruba RK on 2010-04-21 13:04:33. |
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Student Loan, Educational Loan, study loans, loan for Education in USA. Try CREDILA.
Credila is a Non Bank Finance Company and is the only lender which is exclusively focused on Education Loans
http://www.credila.com/student.html
http://www.credila.com/
hsj
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Answered by Harinder S. Johal on 2010-04-24 04:04:24. |
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A7
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Q8
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How can withdraw PF for my PF account without the 30% tax deduction, want to deposit all in education loan 80E
I would like to withdraw my PF amount with my current employer without any tax deduction and would like to deposit it into the interest payment of my education loan under Section 80E --- is that possible ?
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Asked by gemini_shooter on 2008-01-06 13:01:27. |
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Try the link below
http://www.firstappeal.com/search.php?s=&q=provident+fund
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Answered by prakunna on 2008-01-06 13:01:15. |
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A8
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Q9
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Income tax Rebate on interest paid on education loan is applicable to higher education in india or abroad also?
Income tax rebate on higher education loan is applicable or on interest paid on education loan ? Is it applicable only in India or abroad also.
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Asked by Vivekanand on 2009-10-05 17:10:22. |
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There is no condition that the course should be in India.
Please read the full article on above at the following link:-
http://www.taxguru.in/income-tax/deduction-under-section-80e-for-interest-on-education-loan-taken-for-self-and-relatives.html
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Answered by sandeep on 2009-10-05 18:10:28. |
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A9
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Q10
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Can I get any benefits of my father being a previous staff member(retired) of SBI, in my education loan?
Is there any clause that the child of Staff member of SBI would have to pay less interest than usual one in education loan? I mean if my father is co-applicant of my education loan and I am dependent on his pension??
Thanks.
Is there any clause that the child of Staff member of SBI( presently VRS retired) would have to pay less interest than usual one in education loan? I mean if my father is co-applicant of my education loan and I am dependent on his pension??
Thanks.
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Asked by james on 2009-09-24 14:09:44. |
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Yeah Dear, being an officer in loan processing department in SBI, I can confirm you that if u r a ward of an official or ex-official of SBI, u get the concession of 0.5% in interest rates.
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Answered by Legal_help on 2009-09-24 18:09:09. |
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A10
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