In today's time, higher education has become very expensive. In such a situation, many people want to do higher education but they are not able to do it. In such a situation, many people want to take a loan for higher education. Today we will tell you how you too can take a loan for higher education.
Who gets an education loan?
Be it a child or a parent, anyone can apply for an education loan. In this case, you will get a loan at a very low-interest rate. You should know about all the banks before taking the loan. Whichever bank or company is giving you the cheapest loan, you should take the loan from it only.
Take a loan from SBI
Talking about the present time, at this time SBI is giving loans at the lowest interest rate. In such a situation, you can also take a loan for higher education from here. The bank's annual interest rate on education loans starts from 8.55 per cent. Compared to other banks, this bank is very cheap. It is much easier to take a loan from this.
How much loan is available on the 12th mark sheet?
Some people's numbers are much higher. Such children easily get loans for higher education. You can get a loan of up to 2 lakhs on the 12th mark sheet.
How much loan is available?
If you want to study within the country, then you can apply for a loan of Rs 10 lakh. However, you can take a loan of Rs 20 lakh from the bank for studying abroad. Taking a loan for higher education is not very difficult but you need to be well informed about everything. Otherwise, you may face problems in getting the loan.
What documents are needed?
- Identity proof
- Address proof
- Income document
- Academic record
- Admit card
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