Student loans in India
Student loans in India (popularly known as Education loans) have become a popular method of funding higher education in India with the cost of educational degrees going higher. The spread of self-financing institutions(which has less to no funding from the government) for higher education in fields of engineering, medical and management which has higher fees than their government aided counterparts have encouraged the trend in India. Most large public sector and private sector banks offer educational loans.
[edit]Income Tax benefits
Under section 80(e) of the Indian Income tax act, a person can exempt the amount paid against the interest of the education loan - either for self or for his/her spouse or children - for eight years from the year (s)he starts to repay the loan or for the duration the loan is in effect, whichever is lesser.[1]
Education loan is becoming popular day by day because of the rising fee structure of higher education. It came into existence in 1995 started first by SBI bank and after that many banks started offering study loan. If you looking for education loan then visit here first to check out the latest rates and then the general eligibility criteria of all major banks.
[edit]The Education Loan Provider BANKS & Financial Institutes in India are
Andhra Bank (http://andhrabank.in/scripts/ABDrPattabhiVidyaJyothi.aspx)
Allahabad Bank (http://www.allahabadbank.com/education.asp)
Axis Bank (http://www.axisbank.com/personal/loans/studypower/Education-Loan.asp)
Bank of Baroda (http://www.bankofbaroda.com/pfs/eduloans.asp)
Bank Of India (http://www.bankofindia.com/eduloans1.aspx)
Bank of Maharashtra (http://www.bankofmaharashtra.in/credit_fac_edu.asp)
Canara Bank (http://www.educationobserver.com/Loans/Canara_Bank.htm)
Central Bank of India (http://www.centralbankofindia.co.in/english/loan_vidyarthi.asp)
Centurion Bank of Punjab (http://www.centurionbop.co.in/retailloan/eduloans.html)
City Union Bank (http://www.cityunionbank.com/home/cubvidyavani.htm)
Corporation Bank (http://www.corpbank.in/asp/0100text.asp?presentID=110&headID=99)
Credila Financial Services (http://www.credila.com)
Dena Bank (http://www.denabank.com/viewsection.jsp?id=0,4,26,68)
Development Credit Bank (http://www.dcbl.com/disclosures/educational_loan.html)
Dhanalakshmi Bank (http://www.dhanbank.com/asp/0100page.asp?mainlink=17&pagename=retail&sublink=86&linkname=0100page.asp)
HDFC Bank (http://www.hdfcbank.com/personal/loans/express_loans/express_loans.htm)
HSBC (http://www.hsbc.co.in/1/2/personal/loans/educational-loan)
Indian Bank (http://www.indian-bank.com/educational_loan.htm)
IDBI Bank (http://www.idbibank.com/products/educationalloan.asp)
Karnataka Bank (http://www.karnatakabank.com/ktk/Loans.jsp)
Oriental Bank of Commerce (https://www.obcindia.co.in/obcnew/site/inner.aspx?status=2&menu_id=40)
Punjab & Sind Bank (http://www.psbindia.com/education.php)
Punjab National Bank (http://www.pnbindia.com/english_web/c_vidya.htm)
State Bank of Bikaner & Jaipur (http://www.sbbjbank.com/We_offer/pb_advance4.htm#SBBJEDUCATION LOAN SCHEME)
State Bank of Hyderabad (http://www.sbhyd.com/advances_educationalloan.asp)
State Bank of India (SBI) (http://www.sbi.co.in/viewsection.jsp?id=0,1,20,118)
State Bank of Indore (http://www.indorebank.org/personal.htm)
State Bank of Mysore (http://www.statebankofmysore.co.in/gnanamitra.htm)
State Bank of Patiala (http://www.sbp.co.in/personal-banking/education-loan.htm)
State Bank of Saurashtra ( is now SBI)
State Bank of Travancore (http://www.statebankoftravancore.com/domloan.htm#gjyothi)
Syndicate Bank (http://syndicatebank.in/scripts/SyndVidya.aspx)
Tamil Nadu Mercantile Bank Ltd (http://www.tnmbonline.com/r_education.htm)
UCO Bank (http://www.ucobank.com/loan.htm#EDUCATIONALLOAN)
Union Bank of India (http://www.unionbankofindia.co.in/ln_Union_Education.aspx)
Vijaya Bank (http://vijayabank.com:8081/vijaya/vijaya/internet-en/menus/loans-advances/retail-lending-schemes/educational-loans.html)
