Get the basics right before applying for an education loan
By Neelima Shankar
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Processing fee

Most banks do not charge a processing fee for education loan. Therefore if your bank asks for a processing fee you can request them to waive it off.

Prepayment fee

Again, in almost all cases, banks allow foreclosure or pre-payment of the education loan without charging a penalty if the borrower makes the payment from her/his own sources.

Special schemes

Many banks, especially government-owned, have special schemes for girl students. Some banks offer 1 per cent lower interest rate for girl students. So check with your bank about all special schemes.

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(Comments Posted : 3) Post Your Comments
1. hiiii
your artical for education loans is very nice.
i just want some more information regarding this.
my topic is impact of education loans on indian economy.
if there is some information than plese submit it on my e mail id .
thank you
pooja pawar (Posted: Oct 1, 2011)
2. Such a important & valuable information given!!! Really Nice!

D. N. Raut (Posted: Aug 15, 2011)
3. A good article explaining the basics.
Ved Prakash (Posted: Dec 29, 2010)
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