Check Education Loan Interest Rates of all major banks of Amritsar Instantly
| Bank Name | Floating Interest Rate | Processing Fee |
|---|
| Kotak Mahindra Bank | 11.5 % to 24 % | upto 2% of the loan amount+ GST and other applicable statutory levies |
| Avanse Finance | 11.50 % | 1 % |
| Bank of baroda | 10.50% and 11.55%. | Nil |
| TATA CAPITAL | 11.25% | upto 2.00% |
| RBL BANK | from 14.15 % | Zero |
| HDFC | 12.13% | Maximum upto 1% of the loan amount |
| Syndicate Bank | 13.25% | nil* |
| PNB Education Loan | 8.45% and 11.05% | Nil |
| AXIS | starting from 13.7% | Nil |
| Federal Bank | 10.90% and 15.30%. | 0.50% of the loan amount |
| Incred Finance | 11.75 % to 14 % | 1 % |
| ICICI | 11.5 % | Nil |
About Amritsar
"
Historically known as Ramdaspur and colloquially as Ambarsar, the city Amritsar is located in the state of Punjab. Harmandar Sahib or “the Golden Temple” located in the town is one of Sikhism’s most spiritually significant and most visited gurudwaras. Chess manufacturing industry is a prime industry of the place.
The credit of founding the holy city of Amritsar goes to Guru Ram Das, the fourth Sikh guru of the Sikh religion. The place is also famous for the tragic Jallianwala Bagh massacre which took place, having a proximity to the Wagah Border. The region lies in one of the most agriculturally productive belts of India. Today Amritsar is a thriving city with commerce and tourism centres growing at a faster rate.
"About Education Loan in Amritsar
We aim to create a robust alternative credit ecosystem in the country. For this, we are digitizing the finance functions. Anywhere and everywhere – you can Apply for an Education Loan with just a few clicks.
Now, you can compare and make a wise choice for the best Education Loan in Amritsar also. We bring forth a myriad of options from best banks and NBFCs for your convenience. It’s simple! Pick up your desired product and win amazing assured cash backs up to Rs. 5000 on the disbursal of your loan. Get ready to build a stronger tomorrow.
Eligibility Criteria for an Education Loan in Amritsar -
No worries for strict eligibility conditions. We tie-up with all the best lenders in the Amritsar and help you with flexible eligibility criteria.
The applicant should have secured admission in any of the courses listed by the lender. The courses include but not limited to engineering, medicine, management, architecture, hotel & hospitality, pure science, and diploma. He/She needs to submit market sheets/passing or provisional certificates of S.S.C, H.S.C and degree courses (wherever required).
If you are a salaried individual and like to pursue any course with an education loan, furnish last 6 months salary slips/Form 16. In case, if you are a self-employed, provide last 2 years IT assessment/returns income certificate.
Documents Required for an Education Loan in Amritsar
We leverage existing and emerging technologies to offer you the complete digitalized process. Upload the required documents; it will take a few minutes.
Salaried Class –
- Identity Proof - Aadhaar Card /Voters ID/Passport/Driving License /PAN Card
- Residential Proof – Electricity Bill/Water Bill/Telephone Bill (not more than 3 months old)
- Admission Proof – Letter of admission on the institute/university’s letter head
- Co-applicants documents – Co-applicant should be among father, mother, sister, brother, spouse, or if these members are not able to give their collateral, then the applicant’s father-in-law, mother-in-law, first cousin, maternal or paternal uncle/aunt/ grandparents can be co-applicant.
- Income Proof – Salary slips for the last three months along with the bank statement showcasing the credited salary
- Employment Certificate – for the past 1 year
- Photographs - Two passport size
For Self-employed
- KYC documents – Identity & address and proof of date of birth
- Residence Proof - Leave and license agreement, utility bill (should not be more than three months old), and a copy of your passport if, you own one.
- Income Proof – ITR for the last 1 year
- Official Address Proof – Address proof along with your email ID and phone number
- Business Continuity Proof – Testimonials to show your business is running from the last 1 year
Benefits & features of taking an Education Loan in Amritsar
Education loan shapes the future of students. At Amritsar, we have a wide range of options with exclusive benefits. Everything is online – you don’t need to visit the bank.
Get ready to leverage the following benefits –
- Instant Approval – Yes. SBI, ICICI, HDFC and other players are offering instant paperless approval for an Education Loan. Apply at Afinoz, and we will help you avail the Education Loan at best rate.
- High Eligibility – Within just a few minutes, we will assess your education loan eligibility and suggest you the best available options in Amritsar. Our process is driven by automated technologies, and we help you get low EMI Education Loan
- Balance Transfer – We will make you pay your EMI easily by reducing your debt amount. Transfer your Education Loan balance to save on money. Some lenders charge fee for a balance transfer.
YES BANK
About
Yes Bank Limited is India’s fourth largest private sector bank headquartered in Mumbai, Maharashtra, India. Established in 00, the bank primarily operates as a corporate bank, with retail banking and asset management as subsidiary functions. As of March, 08, the bank had a network of ,00 branches; national operating centers; and ,7 ATMs and bunch note acceptors.
BankingWorking capital financeTerm loansCorporate financeLiquidity managementSalary accountFixed deposit accountSavings accountOrdinary account
ProductThe bank also offers retail banking solutions such as personal, secured business, home, construction equipment, car, super bike, commercial vehicle, gold loans, and loans against securities; business banking services to micro, small, and medium enterprises; and health care and printing equipment finance.
LoansPersonal loanSecured business loanHome loanConstruction equipment loanCar loanSuper bike loanCommercial vehicle loanGold loansLoans against securitiesMSME LoanHealth care equipment financePrinting equipment finance
Branch
AMRITSAR RANJIT AVENUE
BATALA ROAD, AMRITSAR
HALL BAZAAR, AMRITSAR
JANDIALA, PUNJAB
RAYYA , PUNJAB
AJNALA, PUNJAB
AMRITSAR,PUNJAB
RBL Bank Limited
About
RBL Bank (Ratnakar Bank Limited) is one of the fastest growing private sector banks in India, headquartered in Mumbai, Maharashtra. Established in August 9, currently the bank operates through a network of branches, 99 banking outlets and 9 ATMs spread across 0 Indian states and union territories. In August 99, the bank obtained Scheduled Commercial Bank status. It is listed on both BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).
BankingSMS BankingOnline BankingMobile/Phone Banking
ProductCorporate & Institutional BankingCommercial BankingBranch & Business BankingAgri Business BankingDevelopment Banking and Financial InclusionTreasury and Financial Markets Operationssavings accountscurrent accountsfixed deposits
Loanshome loanspersonal loansbusiness loanseducation loansauto loansloans against propertyoverdrafts against propertyloans against depositsgold metal loansworking capital finance
CardMastercard Credit Card
InsuranceLife InsuranceGeneral InsuranceHealth Insurance
Popular productCorporate & Institutional BankingCommercial BankingBranch & Business BankingAgri Business BankingDevelopment Banking and Financial InclusionTreasury and Financial Markets Operationssavings accountscurrent accountsfixed deposits
BANK OF BARODA
About
Bank of Baroda (BOB) is an Indian multinational banking and financial services institution headquartered in Vadodara in Gujrat, India. The bank was established on 0 July 908 and nationalized on 9 July 99 along with other major commercial banks of India. It has been termed as a profit-making public sector undertaking (PSU). The bank has 7 global branches including 7 India branches and 0 overseas branches. It offers a wide range of banking products and services including loans, credit and debit cards etc.
BankingInstant Banking Baroda Connect (Internet Banking) BHIM Baroda Pay Baroda M-connect Plus (Mobile Banking)Mobile Application Baroda mPassbook Baroda m-Invest App BHIM UPI Payment App
ProductAccount Savings Current Baroda E-Trade in accountDeposit FD RDLoans Personal Loan Home Loan Vehicle Loan Education Loan Fintech (Business Loan) Other Loan MUDRA Loan Mortgage Loan Debit card EMI
LoansLoans Personal Loan Home Loan Vehicle Loan Education Loan Fintech (Business Loan) Other Loan MUDRA Loan Mortgage Loan Debit card EMI
CardDebit Cards Visa Electron Card RuPay Platinum Card Baroda Master Platinum Card RuPay Classic Card Master Classic Card Visa Platinum Chip CardPrepaid Cards Gift Card TravelEasy Card Reloadable CardCredit Cards Easy Visa Platinum Select Visa Platinum Premier Visa Signature Prime Mastercard
InsuranceLife InsuranceHealth InsuranceGeneral Insurance
Popular productAccount Savings Current Baroda E-Trade in accountDeposit FD RDLoans Personal Loan Home Loan Vehicle Loan Education Loan Fintech (Business Loan) Other Loan MUDRA Loan Mortgage Loan Debit card EMI
Branch
PRATAPNAGAR BRANCH
PATTI
MAJITH MANDI BRANCH
MAJITHA ROAD BR., AMRITSAR
MAHILPUR, PUNJAB
KENNEDY AVEN BRANCH
JANDIALA GURU
TOWN HALL BRANCH
INDUSIND BANK
About
Indusind Bank Limited is a new generation private bank. Established in 99, the bank is headquartered in Mumbai, India. It stands tall today as one of the reputed banks in the country. Indusind Bank operates more than 000 branches and over ,800 ATMs spread across the country. It also has representative offices in London, Dubai and Abu Dhabi.
BankingreasuryCorporate/Wholesale Banking,recurring deposits,corporate salary,Rupee multiplier products.Retail Banking,young saver deposits,urrent, savings, defense,and RFC accountsfixed depositsmutual fundsMy Account NumberQuick Redeem Services and 0 Days banking.Choice Money ATMsDirect ConnectCash-on-MobileCheck-on-Cheque
ProductThe bank provides various banking solutions to individuals, NRIs, business owners, corporate, government and financial Institutions. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and other Banking Operations segments. The bank offers current, savings, defense, corporate salary, and RFC accounts; and fixed deposits, recurring deposits, young saver deposits, as well as Rupee multiplier products.
Loanshome loangold loansbusiness loan.Kisan loansterm loansInduind Kisan loansloan against propertytwo wheelerpersonalcar loaneducation loan
Cardcredit cards
Branch
PUTLIGHAR AMRITSAR
FATTUWAL
GUJJA PEER
KALER
SOHAN KALAN
²NEW NAG
MEERANKOT KHURD
CHHAUDHRIWALA
MAJITHMANDI AMRITSAR
G. T. ROAD, AMRITSAR
AMRITSAR