Private College Student Loan

how much maximum education loan i can get by using 5.5 lakhs fixed deposit as collateral surity in SBI?

how much loan i will get using 5.5lakhs fixed deposit as collateral in SBI for offer letter conataining 12 lakhs including[fees and accomdation in uk]?

Public Comments

1. Student loans are meant to help students who are unable to bear their educational expenses. Student loans are different in different countries in the way they are devised, but then the common types of student loans available are the undergraduate loans, college student loans, private student loans and federal family educational loans. http://www.worldbestloans.com/student-loans.htm Student loan repayments are not made until the student completes his graduation. This facility helps him to concentrate on his studies and earn some little amount of money while he is studying, but repayment has to start once he finishes his education.
2. Ravi, usually education loans are granted based on your fathers salary and the fees required for your education. most banks would fund upto 90% of your education fees. if you are placing a collateral of 5.5 lakhs they might enhance your loan eligibility by 80 to 90% of the FD value. Cheers, Anand http://anandvijayakumar.blogspot.com mail me at anandvijayakumar@ymail.com if you need any more details.
3. Hi, I don't know the exact amount which SBI can give. But you can check with Credila Financial Services. They specially deals with education loan. I heard that they give the loan more than the value of your FD which they accecp as a collateral. Please visit at http://www.credila.com for more details. Regards SM