Education loan

[rohit911]

Hii,
I need education loan of about 40-50lakhs for MBBS in India.
I have already payed the 1st year fee.
From which bank should I take the loan ?
We will preclose the loan in 1-2 years.
What things should I keep in mind before taking it. ?
Any tips ?
(I talked to HDFC credilla , they r giving loan at 10.25% with EMI starting immediately.)

 

[Teja-]

Hii,
I need education loan of about 40-50lakhs for MBBS in India.
I have already payed the 1st year fee.
From which bank should I take the loan ?
We will preclose the loan in 1-2 years.
What things should I keep in mind before taking it. ?
Any tips ?
(I talked to HDFC credilla , they r giving loan at 10.25% with EMI starting immediately.)

Things to keep in mind, Roi while taking loan , emi should start only after education , in your case pre closing it , doesn’t matter with EMIs and usually bank ask of collateral for loans above 7 lakh , arrange collateral documents , compare different banks Roi , some bank cover whole cost for education, stationary, travel expenses and laptop etc ..