How much amount we get as education loans?

July 31st, 2010| How To.

How much amount we get as education loans?

The amount of education loan provided is based on the amount required for the candidate to complete the course selected. The education loan is provided to a maximum amount of Rs.10 lakhs and Rs.20 lakhs for foreign courses. They take the following aspects into consideration.

  • Tuition fee
  • Examination/library/laboratory fee
  • Expenses for books/uniform/instruments
  • Computer purchases
  • Other expenses to complete the course like project work etc.

The bank authorities will send the fee in the form of check to the related institution or college based on the estimations given by the students in the year wise. They won’t give the amount to the student in any situation.