Education loan Interest details while returning | What are the recognized institutes for giving education loans

July 31st, 2010| Education, Finance.

Education loan Interest details while returning | What are the recognized institutes for giving education loans

The conditions while returning educational loan are very simple and the loan need not be paid from the next month only like other loans. They can pay this loan in the form of installments after completing the course and getting the job. The amount should be returned in a maximum time of 5 to 7 years. The interest is from 10.5% to 13% based on the bank. There is concession for the girl students.

Only for recognized institutes:

We should remember that the educational loans are provided for the students studying in recognized institutes only. In our country, UGS, AICTE, MCA and other government colleges and universities are applicable for these loans.