Women Education Loan Schemes: Results of class 10th and 12th board exams are coming from all the states including Jharkhand, UP, Haryana, Uttarakhand, Punjab, Bihar. It is important that you plan smartly so that you do not face financial obstacles in fulfilling the future plans that you have made for your daughter, or the dreams that your daughter has regarding her career. In India, student loan i.e. education loan is also available for children’s education. In this too, education loans are given with terms and conditions for the education of the daughter. There are many banks and financial institutions that provide education loans for girl children with special discounts and facilities. Let us know further about such loans and latest interest rates.
Central Bank of India St Vidyarthi It is a term education loan whose maximum amount is Rs 10 lakh for education within the country and Rs 20 lakh for education outside the country. There is no upper restriction on the loan amount if the borrower provides security against the loan. The interest rate for Female, Scheduled Caste (SC), Scheduled Tribe (ST), Indian Institute of Technology (IIT) students ranges between 8.10% per annum to 10.60% per annum. This includes college, school or hostel fees, laboratory, library or examination fees, travel expenses for education abroad, purchase of equipment, books, uniforms, insurance premium of the student borrower, any expenses related to the course.
State Bank of India Education Loan Also gives loans to those women who want to go to college abroad. Provides loan amount up to Rs 7.5 lakh with repayment period of 15 years, no collateral is required for this. The bank gives maximum loan amount of Rs 50 lakh. In this, women can get 0.50% discount on their student loans. The interest rate offered for this loan is up to 11.15% per annum. For more such information related to women and personal finance, you can click here.
Indian Overseas Bank education loan name is Vidya Jyoti, 0.5% reduction in interest rate on this educational loan is available for all female students. It offers a maximum of Rs 1.5 crore for courses within the country and a maximum of Rs 3 crore for courses outside the country. Students can repay the principal amount or additional interest during their studies. This loan interest rate ranges between 9.75% to 11.00% per annum with a flexible repayment tenure of up to 15 years.
HDFC Bank Credila Education Loan Gives under student loan. HDFC Credila offers different types of education loans for different countries like USA, Canada and Germany. Many times students may have to disburse a portion of their education loan before the visa application process. Credila provides loans up to Rs 75 lakh to girl children with a repayment period of up to 15 years. (If you want information about some more education loans, then click on this link)
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Tags: Bank Loan, Beti Bachao-Beti Padhao, Education Loan, Girl Child Record, Women’s Finance
FIRST PUBLISHED: May 1, 2024, 10:31 IST