Education loan is provided by many banks to qualified candidates for securing higher studies in India and abroad. However, the candidate needs to fulfill certain criteria in order to be eligible for taking a loan. The banks terms and condition may also differ with other banks and hence needs careful examination before applying for any such debt. Moreover, banks do not grant loans for all courses. MBA is one of the department where loans are easily approved, but B.Tech is also eligible and your concern about the loan amount of Rs.4 lacs is also available in most of the Indian Banks schemes. It may not be possible to discuss the rates and other criteria about the loans or any banks here, as the same keeps on changing from time to time. However, for your information and to have a rough idea about various such schemes I am submitting a link which will give you all the information that you need regarding educational loans in India. This can be found from the reference link below.
Regards,
Chharugh S. Konwar