COMPARE : EDUCATION LOANS
Bank of Maharashtra Education Loan
Introduction
Bank of Maharashtra offers education loan for studies in India and abroad. Student should be an Indian National and have secured admission to professional/ technical courses through entrance test / selection process. In case of abroad also student should have secured admission to foreign university / institutions before applying for loan. Loan covers all expenses right from tuition fees to purchase of books, equipments, etc.
Highlights
  Study Abroad Study India
Course Graduation Graduation
Loan Type Term Loan Term Loan
Loan Purpose The loan is provided for Job oriented Prof./Technical / PG courses/ Post Graduation: - MCA, MBA, MS etc The loan is provided for
Graduation courses/Colleges under Universities approved by UGC.
Other courses leading to diploma / degree etc. conducted by colleges / universities approved by UGC / Govt. / AICTE / AIBMS / ICMR etc.
Loan Amount Min. - Rs 50000
Max. - Rs 2000000
Min. - Rs 50000
Max. - Rs 1000000
Margin Money Up to Rs. 4.00 lac - Nil
Above Rs.4.00 lac - 15%
Up to Rs. 4.00 lac - Nil
Above Rs.4.00 lac - 5%
Tenure Min. - 5 Yrs.
Max. - 5 Yrs.
Min. - 5 Yrs.
Max. - 5 Yrs.
Interest Rate Loans up to Rs. 4.00 lac: 12.90%
Loans above Rs. 4.00 lac up to 7.50 lacs : 12.40%
Loan above Rs 7.50 lacs : 11.65%
Loans up to Rs. 4.00 lac: 12.90%
Loans above Rs. 4.00 lac up to 7.50 lacs : 12.40%
Loan above Rs 7.50 lacs : 11.65%
Time to Process Loan   7 days
 Fees & charges
 Security
 Terms & Conditions
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