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Maharashtra Bank Education Loan
Maharashtra Bank Education Loan
Bank of Maharashtra provides an education loan scheme tailored for Indian students pursuing studies abroad, offering competitive interest rates. The security requirements, including collateral, are flexible and vary based on factors such as the course, college, and other considerations. This ensures that students can access financial support for their overseas education without significant hurdles. With Bank of Maharashtra's education loan, aspiring students can pursue their academic goals abroad with peace of mind, knowing that their financial needs are being taken care of.
Documents Required
  • Prescribed loan application form
  • Latest Photograph, Photo Identity Proof, Residence proof of the Applicant and Guarantors
  • Proof of confirmed admission & Estimate of course fees & other expenses (traveling/lodging/boarding)
  • Fee receipts or proof of payments made.
  • Copy of Passport & Visa and related documents, if the student is going abroad for higher education.
  • Income proof of the applicant
    Salaried:
  • Last 3 months’ salary slip/certificate or copy of the last three years IT returns or form 16 of last two years, 3 month bank statement.
    Businessman:
  • Last 3 years’ profit & loss and balance sheet, ITR copies of last three years, 3 month bank statement.
  • Eligibility Criteria
  • Applicants must be Indian nationals.
  • This education loan is applicable to all courses in various fields.
  • This education loan schemes cater to both students studying within the country (India) and those studying abroad.
  • Typically, students between 18 to 50 years of age are eligible, but this may vary based on the specific scheme.
  • Minimum academic performance criteria may apply, such as achieving a certain percentage in previous exams or entrance tests.
  • Full-time undergraduate, postgraduate, Ph.D., or other eligible courses from recognized institutions may be covered.
  • Co-applicants may include parents, parents-in-law, spouse, or siblings.
  • Some schemes may have specific income criteria for both the applicant and co-applicant
    In India:
  • Graduate and postgraduate courses (Masters & PhD degrees, PG Diplomas) conducted by recognized colleges/universities.
  • Courses in Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer Science, etc.
  • Computer certificate courses from reputed institutes accredited by the Department of Education (DoE), ICWA, CA, CFA, etc.
    In Abroad:
  • Graduation: Job-oriented professional/technical courses offered by reputed universities.
  • Post-Graduation: Courses like MCA, MBA, MS, etc.
  • Courses conducted by institutions like CIMA-London, CPA in the USA, etc..
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    Kotak Mahindra Bank Education Loan
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    Indian Overseas Bank Education Loan
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    7,50,000

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    World Bunts Foundation Trust Education Loan
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    4,00,000

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    Saraswathi Educational Support Trust Education Loan
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    20,00,000

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    Punjab Gramin Bank Education Loan
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    8,00,000

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    Jayoti Vidyapeeth Womens University Education Loan
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    1,00,000

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    Masters
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    Success Educational Trust Education Loan
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    4,00,000

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    Suman Ramesh Tulsiani Charitable Trust Education Loan
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    2,00,000

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    RBL Bank Education Loan
    RBL Bank

    2,00,00,000

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    Punjab And Sind Bank Education Loan
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    8,00,000

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    Masters
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    Karnataka Bank Education Loan
    Karnataka Bank

    20,00,000

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    UCO Bank Education Loan
    UCO Bank

    30,00,000

    31 December

    All
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    Kotak Mahindra Bank Education Loan
    Kotak Mahindra Bank

    20,00,000

    31 December

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    Indian Overseas Bank Education Loan
    Indian Overseas Bank

    7,50,000

    31 December

    All
    How To Apply
    Steps to be followed:
    1. Visit our official website.
    2. Click on register
    3. Login and Get more information about loans.
    4. After, Visit the nearest branch of the bank offering education loans.
    5. Schedule a meeting with a loan officer to discuss your loan requirements.
    6. Ask the loan officer for the education loan application form or download from our website.
    7. Complete the application form with accurate information. Ensure all required fields are filled correctly.
    8. Collect all necessary documents such as identity proof, address proof, income proof, academic records, admission confirmation, course fee details, etc.
    9. Attach photocopies of the required documents to the application form.
    10. Submit Application to the documents to the loan officer.

    Note: After approval, the loan amount will be disbursed to the educational institution directly or to your account, as per the bank's policies.

    20,00,000

    Maharashtra Bank Education Loan
    SCHOLARSHIP PROVIDER
    Bank of Maharashtra
    APPLICATION DEADLINE
    31 December
    EDUCATION LEVEL
    All
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    Bank of Maharashtra provides an education loan scheme tailored for Indian students pursuing studies abroad, offering competitive interest rates. The security requirements, including collateral, are flexible and vary based on factors such as the course, college, and other considerations. This ensures that students can access financial support for their overseas education without significant hurdles. With Bank of Maharashtra's education loan, aspiring students can pursue their academic goals abroad with peace of mind, knowing that their financial needs are being taken care of.