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Education loan scheme, GCC, LUCC, APY , PMAY , CGTMSE , SHG
What is the maximum loan amount under the IBA Model Education Loan Scheme for studies in India?
Under the IBA Model Education Loan Scheme, the maximum loan amount for studies in India is Rs. 10 lakh, while for studies abroad it is Rs. 20 lakh.
What is the maximum age limit to apply for an education loan under IBA Model Scheme?
No specific age bar; generally up to 35 years.
What collateral security is required for education loans between Rs. 4 lakh and Rs. 7.5 lakh?
For education loans between Rs. 4 lakh and Rs. 7.5 lakh, a third-party guarantee is required as collateral security instead of tangible assets.
What is the interest rate concession given to girl students under the education loan scheme?
0.50% concession on interest rate for girl students.
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