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Top 10 banks offering low interest rates on educational loans

 

In today's time ia a lot more easier to apply for educational loan in our country. In comparison, to the past we can get educational loans in minutes with new online companies opening up, new NVFS are coming up, there are many online forms that can easily get you educational loan but the drawback to this online, you might have to pay a lot of interest rate or procedure fee or many different types of fess that make your overall educational loan a bit expensive as you need to pay additional acharges for the procedures in addition to high interest rates on your educational loans. 


That's why it's very often said or advised by experts and people around that you should take or get your educational loan from the banks. If you'll are serious about applying for educational loan then this article is for you as I'll be telling you the top ten banks of India that give educational loans at a low afforable interest rate and not only that I'll be telling  you'll about the documents needed while applying for educational loan so that your educational loan can be approved faster.


Let's start. Starting off I'll be telling you about the document needed for educational loans along with whatare the requirement and eligibility for applying for an educational loan. Here, is the list of documents needed to apply for an educational loan. While applying for an educational loan, make sure that you have kept the below listed documents ready with you:

.  Statement of admission from the educational establishment.

. Marksheets from the past educational expirences.

. Age proof, ID proof, address proof of the student.

. Salary slip of last 3 months.

. Bank account statement of the last 6 months.

. Recent passport size photographs

. Valid VISA for students going to study abroad.


Now, Let's talk about the banks that give educational loan with cheap and affordable interest rates for the students. Starting off, the first in the list is Union Bank of India, which gives you an interest rate of upto 6.80. Followed up by, Central Bank of India that gives you an interest rate of upto 6.85.Bank of India that gives you an interest rate of upto 6.85. Bank of Baroda that gives you an interest rate of upto 6.85. State Bank of India that gives you an interest rate of upto 6.85. Punjab National Bank that gives you an interest rate of upto 6.90. IDBI Bank that gives you an interest rate of upto 6.90.Canara Bank that gives you an interest rate of upto 6.90. Bank of Maharashtra that gives you an interest rate of upto 7.05.Finally, last butnot the least comes,Indian Bank that gives you an interest rate of 7.15 on educational loans. That's all for this article, hope it helps those who are serious about their careers.Best of luck to all. Hope for the best!




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