4th year undergrad student
Here is a list of banks offering cheapest loans for studying abroad
Axis Bank:
Interest Rate     13.70% p.a. onwards
Maximum Loan Amount     Rs.20 lakh
Maximum Tenure     15 years
Processing Fees     At the discretion of the bank
Bank of Baroda:
Interest Rate     Up to 9.85% p.a.
Maximum Loan Amount     Rs.80 lakh
Maximum Tenure     15 years
Processing Fees     Nil
Canara Bank:
Interest Rate     Up to ongoing one-year MCLR+1.50 %
Maximum Loan Amount     As per eligibility
Maximum Tenure     15 years
Processing Fees     Nil
Federal Bank:
Interest Rate     Up to 10.05% p.a.
Maximum Loan Amount     Rs.20 lakh
Maximum Tenure     15 years
Processing Fees     Nil
HDFC Bank
Interest Rate     9.55% p.a. onwards
Maximum Loan Amount     Rs.30 lakh
Maximum Tenure     15 years including moratorium period
Processing Fees     Maximum of 1% of the loan amount or minimum of Rs.1,000 whichever is higher
State Bank of India (SBI):
Interest Rate     8.65% p.a. onwards
Maximum Loan Amount     Rs.1.5 crore
Maximum Tenure     15 years
Processing Fees     Rs.10,000
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Documents Required to avail an education loan
Liabilities and assets of all the borrowers.
Proof of identity.
Proof of address.
Income Tax Returns that are less than 2 years old.
Passport-size photographs (two).
Foreign exchange permit.
Letter that confirms the scholarship.
Course expenses.
Admission proof.
Relevant mark sheets.
You should get in touch with Study Abroad Experts here. They have been assisting students for scholarships, loans and visa for FREE for a long time now. I’m sure getting in touch with them will help you save a lot of time and hassle.Â
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