How to get education loan for college in Karnataka?
L K Monu Borkala
2 months ago
105 views
I need an education loan for engineering. Which banks give education loans? What documents are needed and what is the interest rate?
1 Answers
L K Monu Borkala
2 months ago
Education loans for engineering in Karnataka: SBI (interest 8.5-10.5%), Bank of Baroda (8.5-10%), Canara Bank (8.5-10%), Indian Bank, and private banks like HDFC Credila, Avanse. For loans up to Rs 7.5 lakh: no collateral needed. Above Rs 7.5 lakh: collateral or co-borrower required. Documents: admission letter, fee structure, 12th marksheet, Aadhaar, PAN, income proof of parent/guardian, bank statements. Process: Apply at the bank branch near your college. Processing takes 7-15 days. Many government schemes also available: Vidyasiri, Arivu loan scheme for SC/ST students.