Educational Loans Easing Higher Education in India

With the number of banks rising in India, seeking higher education has become very easy now with the help of educational loans provided by them.

Educational Loans-Boon to Higher Education in India:

Higher education in earlier days of Indian history remained a dream of many students. It was not that India lacked in masterminds and brilliant folks, but their education often found an end due to financial constraints. People could merely afford to pass matriculation and could not even think of higher education due to the heavy expenses involved. Only the people from elite class could benefit the higher education abroad or in the renowned universities in India.

However, the scenario has taken a complete turn now with the flood of banking sector in the India. Numerous banks have come up with variety of educational loans in India providing an opportunity for common folks to take up higher education.With these educational loans, finance is not a problem in India now to those who are determined to prioritize their education. Not only public owned banks are providing educational loans but the private sector banks have also jumped into this move of providing loans to the students who find it difficult to pay the expense of higher education on their own.
Flexible conditions and nominal interests are imposed on educational loans to make their repayment easy.

Various Educational Loan Schemes by Various Banks in India:

1. Vidya Vardhini Sceme: Educational loan scheme by Bank of India.
2. Cent Vidyarthi Scheme: Educational loan scheme by Central Bank of India.
3. Dena Vidya Lakshmi Scheme: Educational loan scheme by Dena Bank.
4. Vidya Lakshyapurti Scheme: Educational loan scheme by Punjab National Bank.

Other Banks in India Offering Educational Loans are: Allahabad Bank, Bank of Baroda, India Bank, Development Credit Bank, Canara Bank, Bank of Rajasthan; Bank of Maharashtra, Karnataka Bank, State Bank of Indore, Federal Bank, HDFC Bank, United Bank of India, Vijaya Bank, Vysya Bank, United Western bank, UCO Bank,Syndicate Bank, State Bank of Hyderabad,Indian Overseas Bank, Mysore Bank, Oriental Bank of Insurance.

Benefits of Educational Loans in India:

1. Educational loans offered by various banks in India are making higher education in India and abroad easy for the students.
2. Educational loans helps students to take up general, professional, technical and vocational courses.
3. Educational loans not only includes the fee structure of the higher education but also includes the hostel fees, maintenance costs, books, equipments, laboratory fees, other fees etc. Thus relaxing needy students from all kinds of heavy expenses.
4. People in India are becoming capable for employment opportunities by seeking higher education on educational loans which was otherwise beyond the hands of lower class due to financial problems.
5. Flexible conditions on educational loans makes their repayment easy in future.
6. Educational loans have filled the gap between higher and lower class in terms of seeking higher education.
7. Education loans have been beneficial in increasing the literacy rate of the country in terms of higher education.

Related Articles

Educational Loan An Overview

Read this article to get the overview of educational loan and also the advantage and dis advantage of educational loan. This article also deals with the study of educational loan from the State bank of India.

Student Loan Consolidation Program

Students loan consolidation programs helps students to lower their interest rates with longer period to repayment of the consolidated loan.

Vidyanidhi scheme: a unique education loan from South Indian Bank

South Indian Bank offers a unique scheme by which students taking admission in academic institutions of Kerala are granted loan upto Rs. 1 lakh to enable them to pay 'refundable deposits' demanded by the educational institutions. The article discusses the details of the scheme named Vidyanidhi scheme.

New Zealand A Perfect Place For Higher Studies

New Zealand is combination of a perfect country, metropolitan cities, serene towns and Educational Institutions. Most colleges there offering Higher Education are well known all over the world. It is the goal of the New Zealand Government to make all colleges there at par with International quality learning institutions.In this resource I will review New Zealand as a place for higher studies and as a country in general.

Educational loan at low interest from KSBCDC

Are you looking for loan at low interest. KSBCDC is giving educational Loan at 4% interest in Kerala. KSBCDC is giving self-employment loan, agricultural loan and personal loan at low interest. I have mentioned how to apply and the document to be submitted to get the loan.

More articles: Educational Loans CAT India Higher Education Higher Education Higher education in India Education Loans Education in India


  • Do not include your name, "with regards" etc in the comment. Write detailed comment, relevant to the topic.
  • No HTML formatting and links to other web sites are allowed.
  • This is a strictly moderated site. Absolutely no spam allowed.
  • Name: