Know More About Education Loan for Masters Now.
Education loans for masters.png

Education Loan for Masters

Updated on Nov 15, 2022
10k views

It's expensive to manage higher education with a student loan. You must choose a product that covers your costs and does not drain your bank account. After all, an education loan is a ten-year financial commitment, so choose a package that will allow you to save money while paying for your Master's degree.

To determine the overall cost of pursuing a Master's degree at a foreign university, one must start at the beginning of the application process. The sum varies depending on where the institutions you've been admitted to are located. While having scholarships in hand is always beneficial, many students may achieve their Master's degree goals by taking out a complete loan that covers tuition, living fees, and other extraneous expenditures.

Name of the bank

Loan amount limit

Processing Fees

Loan tenure

Moratorium period

Margin Money

State Bank Of India

For India - Upto INR 20 Lakhs

For abroad - Upto INR 1.5 crore

INR 10,000 + GST

Maximum 15 years

Course period + 6 months

10%

Bank of Baroda

For India - Upto INR 60 Lakhs

For abroad - Upto INR 80 lakhs

INR 10,000 + GST

Maximum 15 years

Course period + 12 months

Above INR 4 lakhs - 10%

Canara Bank

Upto INR 40 lakhs

Nil

Maximum 15 years

Course period + 12 months

5% to 15%

Bank of India

For India - INR 10 lakhs

For abroad - INR 20 lakhs

For India - NIL

For abroad - INR 5000

Maximum 15 years

Course period + 12 months

15%

Central Bank of India

No upper limit

Loans upto INR 10 lakhs - INR 500

Loan above INR 10 lakhs - INR 1000

10 - 15 years

Course period + 6 or 12 months

15%

Indian Overseas Bank

For studies in India - INR 30 lakhs

For abroad studies - INR 40 lakhs

Nil

15 years

Course period + 12 months

5% to 15%

IDBI Bank

INR 20 lakhs

For India - NIL

For abroad - INR 5000 (refundable)

10 - 15 years

Course period + 6 months

upto 15%

Karur Vysya Bank

For India - INR 10 lakhs

For abroad - INR 20 lakhs

Nil

Upto 7 years

Course period + 6 or 12 months

upto 15%

United Bank of India

For India - INR 10 lakhs

For abroad - INR 20 lakhs

Nil

10 - 15 years

Course period + 6 or 12 months

upto 15%

Union Bank of India

No upper limit

Nil

15 years

Course period + 12 months

15%

Indian Bank

For India - INR 15 lakhs

For abroad - INR 25 lakhs

-

10 - 15 years

Course period

5% to 15%

UCO Bank

For India - INR 10 lakhs

For abroad - INR 20 lakhs

Nil

Up to 15 Years

Course period + 1 year

For India - 5%

For abroad - 15%

Punjab National Bank

INR 40 lakhs to INR 60 lakhs

1% of the loan amount

15 years

Course period + 12 months

15%

Oriental Bank of Commerce

For premium colleges - INR 20 lakhs

For others - INR 10 lakhs

-

Up to 15 Years

Course period + 12 months

15%

Andhra Bank

INR 20 lakhs

-

5-7 years

Course period + 12 months

upto 15%

Want to download The Complete Guide to IELTS? Sign up below -

Browse Study Abroad Countries

Study in USA

Study in USA

Study in Canada

Study in Canada

Study in Australia

Study in Australia

Study in UK

Study in UK

Study in Germany

Study in Germany

Study in Ireland

Study in Ireland

Recent Articles

Top 5 government education loan schemes to study abroad!
Top 5 government education loan schemes to study abroad!

Updated on Apr 05 ,2022

Student loan calculator | Calculate loans, interest, EMI, and more!
Student loan calculator | Calculate loans, interest, EMI, and more!

Updated on Mar 28 ,2022

Student loan interest rates | Everything you should know about it
Student loan interest rates | Everything you should know about it

Updated on Mar 22 ,2022

share

  • Icon: Facebook
  • Icon: Twitter
  • Icon: LinkedIn
  • Icon: WhatsApp
  • Icon: Email