Yes Bank Abroad Education Loan Parameters

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Loan Limit

Upto: 1Cr


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R.O.I

10.99 %


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Moratorium\Repayment

12 Months \ 15 Years

Feature Description
Margin Money 15%
Processing Time 20 - 25 days
Prepayment Charges Nil
Study Level & Course Professional and technical courses offered by reputable institutions for career improvement.
Post-graduate programs including MCA, MS, and MBA.
Professional courses offered by CIMA-London and CPA-USA.
Diploma and degree programs in pilot training, shipping, and aeronautics that have been approved for employment by regulatory organisations in India and overseas.
Expenses Covered Examination, library, and laboratory fees.
Course fees.
Travel expenses.
Health insurance (if applicable).
Caution fee requested by the university
Expenses for books, equipment, instruments, and uniforms.
Equipment expenses
Miscellaneous expenses.
Eligibility for scholarships will be considered at the time of calculating the loan amount.
Property Acceptable Liquid property (LIC policy, fixed deposit, government bonds): Minimum value: 1.1 times the requested education loan amount.
Immovable property (non-agricultural land, house, flat): Minimum value: 1.25 times the requested education loan amount.
Collateral & Non-Collateral Yes
Co-Applicant: Parents
Parents-in-law
Spouse
Siblings
Offer Letter Yes

Study Abroad & Get Loan Sanction

Within 72 Hour

Eligibility
Students

Professional and technical courses offered by reputable institutions for career improvement.

Post-graduate programs including MCA, MS, and MBA.

Professional courses offered by CIMA-London and CPA-USA.

Diploma and degree programs in pilot training, shipping, and aeronautics that have been approved for employment by regulatory organisations in India and overseas.

Benefits

Save income tax under Section 80E on the interest paid.

Hassle-free disbursal with a quick process for timely loan disbursement.

Flexible tenure and repayment options to suit your needs.

Attractive interest rates for female students with competitive simple interest on the education loan.

Loan available for working executive programs or management development programs

How To Apply

Apply online and upload your documents.

Processing and approval of your loan application.

Loan sanction and disbursal.

Documents

KYC documents of the applicant and co-applicants (such as identity proof, address proof, etc.).

Academic Records

Proof of admission to the educational institution.

Entrance exam results (if applicable).

Statement of the cost of study or schedule of expenses.

Income proof for salaried co-applicant or guarantor (if applicable).

Bank account statements for the last 6 months.

Property Documents (if applicable)