1. #1
    Unregistered

    Educational loan for doing Engineering in Dubai? how much I can get and what's the procedure?

    sir, i want to complete my engineering in dubai and total fees for that is nearly 35 lac..
    would i get any educational loan for any nationalise bank??

    how much loan would i get??

    what is it process?





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  3. #2
    Expert
    Join Date
    Jun 2010
    Posts
    6,639

    Re: Educational loan for doing Engineering in Dubai? how much I can get and what's the procedure?

    All nationalized banks provide educational loan facility, they all have same kind of guidelines for providing loans. Private banks may have some difference in some terms. Basically the key things you need to look at getting educational loans is the interest rate, margin money (sometimes bank could offer only 80% of the total amount you need for doing your course) as well as processing fees. Nationalised banks doesnt take processing fees, where as private banks sometime charge up to 2.5% of the loan amount. Margin amount could vary from 15 to 20 percentage. You also need to ensure that the college you have applied to and the course you are taking in are approved by nationalised banks. Please be careful on that part. All colleges and courses are not approved by banks for availing loans.




  4. #3
    Advisor
    Join Date
    Jun 2010
    Posts
    1,107

    Re: Educational loan for doing Engineering in Dubai? how much I can get and what's the procedure?

    The Government is promoting education loan in a big way thereby bringing education within the reach of all students. Education loan cover the cost of all expenses such as College/ School fees, hostel expenses, Cost of book. The maximum amount of education loan provided for a student abroad is Rs 15 Lakh. This amount is offered against a third party guarantee. The repayment period is about 5 to 7 years. It is also subjected to the approval of course and institution to which you are applying to.

    The different nationalized bank providing education loans are:

    Bank of India
    Central Bank
    Dena Bank
    Punjab National Bank
    State Bank Of India
    Allahabad Bank
    Karnataka Bank
    Bank of Baroda
    Indian Overseas Bank
    IDBI
    Vijay Bank
    Indian Bank
    Oriental Bank of Commerce
    Mysore Bank
    Syndicate Bank
    Canara Bank

    Please check out for things like interest rates, margin money, processing fees etc since this varies from bank to bank.

  5. #4
    Qamar202
    Join Date
    May 2011
    Posts
    559

    Re: Educational loan for doing Engineering in Dubai? how much I can get and what's the procedure?

    Yes, you can get Educational loan for doing Engineering in Dubai various nationalize bank provide loan for it. You should take Educational loan from SBI State Bank Of India,it is one of the largest lending bank in ion India.

  6. #5
    Qamar202
    Join Date
    May 2011
    Posts
    559

    Re: Educational loan for doing Engineering in Dubai? how much I can get and what's the procedure?

    Yes, you can get Educational loan for doing Engineering in Dubai various nationalize bank provide loan for it. You should take Educational loan from SBI State Bank Of India,it is one of the largest lending bank in ion India.

  7. #6
    anil
    Join Date
    May 2011
    Location
    delhi
    Posts
    239

    Re: Educational loan for doing Engineering in Dubai? how much I can get and what's the procedure?

    You can get Educational loan for doing Engineering in Dubai.
    Various nationalize bank provides loan.
    There are many banks -
    Bank of India
    Central Bank
    Dena Bank
    Punjab National Bank
    State Bank Of India
    Bank of Baroda
    Indian Bank

  8. #7
    ROSHAN LAHORANI
    Join Date
    May 2011
    Posts
    741

    Re: Educational loan for doing Engineering in Dubai? how much I can get and what's the procedure?

    Education loan cover the cost of all expenses such as College/ School fees, hostel expenses, Cost of book.The repayment period is about 5 to 7 years. It is also subjected to the approval of course and institution to which you are applying to.there are many banks like Bank of India,Central Bank, Dena Bank,IDBI,Vijay Bank, Indian Bank ,Oriental Bank of Commerce,Mysore Bank
    ,Syndicate Bank who gives loan for education . approximately the interest is 12 to 18% many times some of the bank does not cover your full fees. so for more information please visit the nearest bank to you.

  9. #8
    41sumitkumar
    Join Date
    May 2011
    Location
    Rohtak
    Posts
    351

    Re: Educational loan for doing Engineering in Dubai? how much I can get and what's the procedure?

    different banks provide loan in differt quantity. These provide about 10 lakh

    Bank of India
    Central Bank
    Dena Bank
    Punjab National Bank
    State Bank Of India
    Allahabad Bank
    Bank of Baroda
    Indian Overseas Bank
    IDBI

    Oriental Bank of Commerce

  10. #9
    manoj198702
    Join Date
    Jun 2011
    Posts
    341

    Re: Educational loan for doing Engineering in Dubai? how much I can get and what's the procedure?

    you have to apply for it in banks and on the basis of your course and merit criteria you will get the loan

  11. #10
    Lakshmi
    Join Date
    May 2011
    Location
    andhrapradesh,vizag
    Posts
    273

    Re: Educational loan for doing Engineering in Dubai? how much I can get and what's the procedure?

    HIIIII,
    Private banks may have some difference in some terms. Basically the key things you need to look at getting educational loans is the interest rate, margin money (sometimes bank could offer only 80% of the total amount you need for doing your course) as well as processing fees. Nationalised banks doesnt take processing fees, where as private banks sometime charge up to 2.5% of the loan amount. Margin amount could vary from 15 to 20 percentage. You also need to ensure that the college you have applied to and the course you are taking in are approved by nationalised banks.approximately the interest is 12 to 18% many times some of the bank does not cover your full fees. so for more information please visit the nearest bank to you.

  12. #11
    prema
    Join Date
    Jul 2011
    Posts
    607

    Thumbs up Re: Educational loan for doing Engineering in Dubai? how much I can get and what's the procedure?

    Hii
    • Private banks may have some difference in some terms.
    • Basically the key things you need to look at getting educational loans is the interest rate, margin money (sometimes bank could offer only 80% of the total amount you need for doing your course) as well as processing fees.
    • Nationalised banks doesnt take processing fees, where as private banks sometime charge up to 2.5% of the loan amount.
    • Margin amount could vary from 15 to 20 percentage.
    • You also need to ensure that the college you have applied to and the course you are taking in are approved by nationalised banks.
    • Please be careful on that part. All colleges and courses are not approved by banks for availing loans.
    Good luck..!


  13. #12
    aishu
    Join Date
    Jul 2011
    Posts
    165

    Re: Educational loan for doing Engineering in Dubai? how much I can get and what's the procedure?

    Hiii
    Private banks may have some difference in some terms. Basically the key things you need to look at getting educational loans is the interest rate, margin money (sometimes bank could offer only 80% of the total amount you need for doing your course) as well as processing fees. Nationalised banks doesnt take processing fees, where as private banks sometime charge up to 2.5% of the loan amount. Margin amount could vary from 15 to 20 percentage. You also need to ensure that the college you have applied to and the course you are taking in are approved by nationalised banks. Please be careful on that part. All colleges and courses are not approved by banks for availing loans.
    Good luck..!

  14. #13
    sailabala
    Join Date
    Nov 2011
    Posts
    290

    Re: Educational loan for doing Engineering in Dubai? how much I can get and what's the procedure?

    dear friend,

    The Government is promoting education loan in a big way thereby bringing education within the reach of all students. Education loan cover the cost of all expenses such as College/ School fees, hostel expenses, Cost of book. The maximum amount of education loan provided for a student abroad is Rs 15 Lakh. This amount is offered against a third party guarantee. The repayment period is about 5 to 7 years. It is also subjected to the approval of course and institution to which you are applying to.

    The different nationalized bank providing education loans are:

    Bank of India
    Central Bank
    Dena Bank
    Punjab National Bank
    State Bank Of India
    Allahabad Bank
    Karnataka Bank
    Bank of Baroda
    Indian Overseas Bank
    IDBI
    Vijay Bank
    Indian Bank
    Oriental Bank of Commerce
    Mysore Bank
    Syndicate Bank
    Canara Bank


    good luck

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