[Students from India] Regarding Education Loan from India

[jai kumar]

Hello everyone,

This letter is intended, but not limited, to students from India who, like me, are applying for education loan from India.

I am applying for education Loan from UCO Bank. The interest rate is two point above the usual 'Bank rate'. However the maximum allowed loan amount is INR 20 lakhs.

What all options are you guys taking up (if any) ? What are important considerations for deciding the same? Which bank is better?

I have heard Credila provides higher amount in Loan but the collateral demanded is somewhat risky. Please provide your insight. That will help.

Also, we didn't discuss that we got our t-shirts. My younger brother wore it and went to office (show off.. you know ;) )

So, looking for opinions and some talk here...

Regards

Jai

[r.srinivasan3]

Hi Jai ,

I am applying with Credilla . I have had a long relationship with HDFC . This is the reason for going with credilla . Let me know your experience with UCO ..

Regards

R>Srinivasan