Need for educational loans for students in Tamil Nadu
The many peoples of Tamil Nadu are living under the poverty line. They are having many struggles in their life for the day to day activities. So,It is very difficult to give good education for their children by their regular earnings and their income is only sufficient to meet their day to day family expenses. The many parents of Tamil Nadu children are believing that the educational loan is a mandatory requirement to give education to their child. The school and college fees are too high nowadays. It is not possible to give good education to the children in family having more than one child. The education loans are very useful to the students to do their higher studies in India or in other countries.
Repayment and interest rate of educational loans in Tamil Nadu
The Banks in Tamil Nadu are giving more educational loans for the benefit of students without any security and the requirement of documents. The banks are providing educational loan within a day to the students community. They are also giving more flexible repayment period to repay the loan amount. Some banks are allow the students to repay the loan amount after they get the jobs. So, the students can repay the loan amount by their own earnings. A few banks are giving loan with minimum interest. The list banks in Tamil Nadu offering educational loans are given below.
Educational loans in State Bank of India in Tamil Nadu
The biggest corporate bank known as State Bank of India offers educational loan to the students with minimum interest (6 percentage) and more flexible repayment years (10 years). They are giving loan and completes all formalities within 10 minutes. The students are requested to give their fee certificate to get the loans.
Educational loans in Punjab National Bank in Tamil Nadu
The Punjab National Bank is providing educational loans for the deserving and meritorious students of Tamil Nadu for pursuing higher education in professional and technical courses in India and abroad. The basic eligibility to get the loan is that the student should be a citizen of India and must have more marks in HSC. The loan amount can be used for College fee, Hostel fee, Books and examination fee, Caution deposit fee and purchasing of Computers also. The repayment period is 10 years and the interest rate is subject to RBI regulations. The student can get up
to 4.00 lakhs for Indian study and 10 to 15 lakhs for study in abroad.
Educational loans in Canara Bank in Tamil Nadu
The most popular bank of Tamil Nadu known as Canara Bank offers educational loans to the students with very minimum interest rate and also giving more repayment period. The documentation work and loan processing time is very less in this bank.
Educational loans in Indian bank, Bank of India, Bank of baroda in Tamil Nadu
The Indian bank, Bank of India and Bank of baroda are also offering bank loans for students education with more benefits. The above said banks are giving more amount as education loan with flexible repayment mode and gets very less interest.
Educational loans in the Karur Vysya Bank and Lakshmi Vilas Bank in Tamil Nadu
The most famous private Banks like the Karur Vysya Bank and Lakshmi Vilas Bank in Tamil Nadu are much interested in the welfare of students community and they are also giving huge amount as a educational loan to the
Tamil Nadu students.
Education loans in other private banks in Tamil Nadu
The other popular private banks in Tamil Nadu like ICICI bank, HDFC bank, Axis Bank are also giving educational loans to the students.