How much loan can I get? And when does the repayment start?
The loan amount is as per the bank policy and maximum loan amount can very from Rs 10 lakh to Rs 100 Lakhs depending upon the eligibility policy of the lending institution.
The educational loan normally covers the tuition fee and the living expenses for the entire study program.
The educational loan tenor for international studies ranges from 7.5 years to 10 years. Generally, the repayment starts one year after the completion of the course or six months after the student Is employed, whichever is earlier. The interest on the loan has to be serviced during the study period itself.