Disclaimer: This Story is of information purpose and not any financial advise, please check concerned bank site for more details.
It offers education loan scheme of up to Rs. 10 Lakh for women wanting to pursue higher studies in India. If they want to study abroad, the loan of up to Rs. 20 Lakh can be sanctioned. Interest rate for women belonging to the ST and SC is MCLR = 1.5%.
The Corporation Bank of India education loan scheme for women provides a concession of up to 50 bps below the interest rate on loans. The loan takes care of travel expenses, accommodation cost, college fees etc.
Axis Bank offers education loans for women to cover a wide range of graduate and post graduate courses abroad. The loan amount can cover the tuition fees, cost of the books, and hostel fees.
It offers education loans for women students pursuing a graduate, post graduate, or doctorate course abroad. Moreover, the interest accrued during the moratorium period is calculated as simple interest.
This allows women to apply for an education loan to cover the expenses of specialised courses such as shipping, aeronautics, pilot training, and other professional courses.
This education loan for girls a concession of 0.5% on interest. The maximum loan for studying in India is Rs. 30 Lakh and for pursuing courses abroad is Rs. 40 Lakh. The repayment tenure is flexible and ranges from 5 years to 7 years.
Credila, a HDFC Ltd. Company offers education loans to women who wish to pursue higher education overseas. There is no cap in the upper limit for the loan sanctioned for higher studies overseas.