Features and Benefits:

Maximum loan amount of Rs 30 lakhs for NRI students; no limit for others.

Comprehensive coverage, including living expenses, food, college fees, study materials, laptops, library fees, etc.

Opportunity to build a positive credit history through timely EMI payments.

Lower interest rates compared to other loan types.

Tax benefits on interest paid under section 80E of the Income Tax Act.

Steps to be followed:
1. Visit the nearest branch of the bank offering education loans.
2. Schedule a meeting with a loan officer to discuss your loan requirements.
3. Ask the loan officer for the education loan application form.
4. Complete the application form with accurate information. Ensure all required fields are filled correctly.
5. Collect all necessary documents such as identity proof, address proof, income proof, academic records, admission confirmation, course fee details, etc.
6. Attach photocopies of the required documents to the application form.
7. 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.