New Delhi (India), June 18: Higher education is widely seen as the key to personal and professional growth and opting for higher education is a dream that many young minds aspire to, but tuition, textbooks and hostel fees The staggering cost of could change that. This dream turned into a difficult challenge. Recognizing these financial needs, Bank of Maharashtra has designed the Maha Scholar Education Loan with interest rates starting at 8.10% for students seeking admission to premier educational institutions across the country. This comprehensive scheme aims to reduce financial constraints and facilitate the pursuit of academic excellence. Students are encouraged to visit the official website to apply for the loan: Education Loan Scheme.scheme eligibility
Under the scheme, eligible courses include executive management courses for working professionals as well as full-time degree/diploma programs offered by recognized premier institutions. Indian citizens seeking admission in eligible courses can apply.
amount of finance
The scheme provides need-based finance to various categories of institutions with a loan amount up to Rs 80.00 lakh.
The expenses covered under the scheme include tuition fees, examination fees, purchase of books, insurance premiums and many other expenses, ensuring that students can focus on their studies without financial worries.
100% financing, collateral-free, with special ROI concessions
A significant relief for students wishing to study in prestigious institutions is the availability of education loans from Bank of Maharashtra, which offers up to 100% financing and eliminates the need for margin money and collateral security.The interest rates are determined based on the institution in which the student has got admission. Interest rates for List-AAA institutions start from 8.10%, which is one of the best in the industry and ensures that loans remain affordable for all eligible students. Additionally, female students are offered interest rate concessions for institutions under B and C category, thereby increasing access to education loans. The bank also provides instant in-principle approval before registration with institutions, thereby ensuring a seamless loan approval process for students.
Extended repayment period: A boon for students
The financial responsibility of repaying education loans is often a concern for students and their families.To address this, the repayment period of these education loans has been extended to 15 years excluding the moratorium period, thereby ensuring that borrowers get adequate time to repay their loans without undue financial stress.
Maha Scholar Education Loan Scheme is a testament to the commitment to nurture talent and empower youth through education. By providing accessible and affordable financial aid, this initiative opens doors to a brighter future, enabling students to realize their educational dreams and contribute to the progress of society.For more information, please visit: https://bankofmaharashtra.in/educational-loans?utm_source=Article&utm_medium= _EL&utm_campaign=Article_ _EL
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Under the scheme, eligible courses include executive management courses for working professionals as well as full-time degree/diploma programs offered by recognized premier institutions. Indian citizens seeking admission in eligible courses can apply.
amount of finance
The scheme provides need-based finance to various categories of institutions with a loan amount up to Rs 80.00 lakh.
The expenses covered under the scheme include tuition fees, examination fees, purchase of books, insurance premiums and many other expenses, ensuring that students can focus on their studies without financial worries.
100% financing, collateral-free, with special ROI concessions
A significant relief for students wishing to study in prestigious institutions is the availability of education loans from Bank of Maharashtra, which offers up to 100% financing and eliminates the need for margin money and collateral security.The interest rates are determined based on the institution in which the student has got admission. Interest rates for List-AAA institutions start from 8.10%, which is one of the best in the industry and ensures that loans remain affordable for all eligible students. Additionally, female students are offered interest rate concessions for institutions under B and C category, thereby increasing access to education loans. The bank also provides instant in-principle approval before registration with institutions, thereby ensuring a seamless loan approval process for students.
Extended repayment period: A boon for students
The financial responsibility of repaying education loans is often a concern for students and their families.To address this, the repayment period of these education loans has been extended to 15 years excluding the moratorium period, thereby ensuring that borrowers get adequate time to repay their loans without undue financial stress.
Maha Scholar Education Loan Scheme is a testament to the commitment to nurture talent and empower youth through education. By providing accessible and affordable financial aid, this initiative opens doors to a brighter future, enabling students to realize their educational dreams and contribute to the progress of society.For more information, please visit: https://bankofmaharashtra.in/educational-loans?utm_source=Article&utm_medium= _EL&utm_campaign=Article_ _EL
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