Education loan info

[rohit911]

Hii,
I need education loan of about 40-50lakhs for MBBS in India.
I have already payed the 1st year fee.(48.6lakh)
Can I get the paid fees in my account?
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.)

 

[praful47]

it only shows for abroad can you help with the link of the site please

I am not able to see the abroad also .
No site is showing for HDFC credila .

 

[drvirag]

Hii,
I need education loan of about 40-50lakhs for MBBS in India.
I have already payed the 1st year fee.(48.6lakh)
Can I get the paid fees in my account?
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.)

afaik no bank will transfer education loan in ur ac. they will issue dd in the name of colg.
if u want to pre close then go to bank of india, pnb ets public sector bank they hv zero preclosure charges (plz clarify it wid bank). but for taking loan frm psu u hv to proove that u have money and u dont need loan. usually dey dont take collateral bt if u show dem ur worth den process will b easy.
interset rate of education loan is always higher than any loan. bcoz its unsecured n its not easy to predict how mch u ll earn after mbbs. Bank will say after mbbs u ll come to us for doing pg. And no income surity after doing pg. Ur income will depend upon if u r 1st gen doctor or 2nd gen.
if u have worth n u want to repay in 2 year den u can take personal loan its easy n cheaper n u cn negotiate interst rate with hdfc, icici go to small branch dey hv more pressure dey will giv u easily
for recent emi u cn increase the loan amount to cover emi for few months.

 

[V360]

afaik no bank will transfer education loan in ur ac. they will issue dd in the name of colg.
if u want to pre close then go to bank of india, pnb ets public sector bank they hv zero preclosure charges (plz clarify it wid bank). but for taking loan frm psu u hv to proove that u have money and u dont need loan. usually dey dont take collateral bt if u show dem ur worth den process will b easy.
interset rate of education loan is always here. if u have worth den u can take personal loan its easy n cheaper n u cn negotiate interst rate with hdfc, icici go to small branch dey hv more pressure dey will giv u easily
for recent emi u cn increase the loan amount to cover emi for few months.

Incred transfers directly in Bank account.

 

[drvirag]

Incred transfers directly in Bank account.

ask ur bank i hv been in educational institute from 15 year. psu bank will never do dat. private bank u have to ask dem n convince dem y u want it

 

[V360]

ask ur bank i hv been in educational institute from 15 year. psu bank will never do dat. private bank u have to ask den n convince dem y u want it

Incred is an NBFC and they transfer directly to your Bank account. At one point in time, I had 80 Lacs cash in my account when their Team had disbursed the amount. I am not talking about PSU Banks here.

 

[drvirag]

Incred is an NBFC and they transfer directly to your Bank account. At one point in time, I had 80 Lacs cash in my account when their Team had disbursed the amount. I am not talking about PSU Banks here.

yes nbfc can do anything. but dere interest rates are higher n dey mst hv preclosure charges