Bank of Rajasthan Education Loan or Shiksha Sarthi Loan can rightly be called a blessing for all those who would like to pursue their dreams of higher studies in India or abroad. The loan is a hassle free means of helping out students by providing them financial assistance to pursue their dreams. Bank of Rajasthan Education Loan can be availed through the banks hassle free procedure and easy documentation process. These loans provide the much needed assistance to all those who have not been able to qualify for a full time scholarship program due to scores and have been successful so far in ensuring a bright career ahead.

Bank Of Rajasthan Education Loan Interest Rate:

The Bank of Rajasthan Education Loan interest rate is competitive and attractive and can be availed for study in India and abroad.

Bank of Rajasthan Education Loan rate is 4 % below BPLR which is subject to change. Most students looking for Bank finance for higher education find Bank of Rajasthan Education Loan interest rate competitive and affordable for repayment.

Interest rate for Studies in India is

Loan upto Rs. 25,000 12.75%

Loan from Rs. 25,000 Rs. 2,00,000 -14%

Interest rate for studies abroad is

Loan upto Rs. 25,000 12.75%

Loan from Rs. 25,000 Rs. 2,00,000 -14%

Above Rs.2,00,000 - 16%

Bank Of Rajasthan Education Loan Eligibility And Expenses Covered:

Bank of Rajasthan Education Loan can be availed by any resident Indian in the age group 16 to 40 years. The loan can be availed for any graduation and post graduation courses. All Recognized Courses like:

• ·ICWA
• ·CA, CFA
• ·IIM
• ·IIT, XLRI, NIFT, IISc

Loan is also offered for courses by UGC/Govt./AICTE/ICMR programs that qualify for Bank of Rajasthan Education Loan eligibility.

The loan applicant has to pay margin money ranging from 5-15 % of the total loan amount applied for courses in India & Abroad.

Other Qualifications For Bank Of Rajasthan Education Loan Eligibility Are:

1To avail Bank of Rajasthan Education Loan interest rate the candidate should be a Resident Indian.

2Admission to technical courses in India is possible through Bank of Rajasthan Education Loan eligibility.

3A co-applicant is required for full time courses.

4The maximum loan for studies in India is at the maximum is Rs.10 lacs

5The maximum loan for studies abroad is at the maximum is Rs. 20 lacs.

The expenses covered under the loan is

1. College Fee

2Hostel and Library charges

3Caution deposit

4Money to go abroad

5Money for Study tours, Project work, Computer etc.

Bank Of Rajasthan Education Loan Rate And Documentation:

According to the Bank of Rajasthan Education Loan review the student would need to provide the following documents for the processing of the loan apart from Proof of Age, Signature, Identity and Residence:

1Fully completed loan application form along with Institutes Admission letter with Fee Break up.

2Two Photographs

Bank Of Rajasthan Education Loan Review And Documentation For The Salaried Co- Borrower:

1Bank Statement for last 6 months.

2Income Tax Statement for the last two years

3A brief about the asset and liabilities possessed by the borrower

4Latest 2 Salary slips

Bank Of Rajasthan Education Loan Review And Documentation For The Self Employed Individual:

1Bank Statement

2Income Tax Return

3Profit and Loss Account or Balance Sheet of the Company

4Proof of Qualification.

Bank Of Rajasthan Education Loan Review And Application Procedure:

Bank of Rajasthan Education Loan application forms are available at all bank branches across India. The filled up forms can be then submitted along with the loan application at the branch. The loan will be disbursed in installments to the college or institute directly.

Bank Of Rajasthan Education Loan Rate Repayment Option And Pre Closure Process:

The loan needs to be paid back in maximum 3 to 5 years from the date of disbursement of the loan. The student can avail a repayment holiday for a period of six months or till the person gets a job or whichever is earlier. Check with your nearest branch for pre closure charges or late fee charges.

Bank of Rajasthan Education Loan Tax benefits: One can get tax benefits if any according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.

More details on Bank of Rajasthan Education Loan eligibility and Bank of Rajasthan Education Loan Rate etc. are on the official site at

https://net.rajbank.com/BankAwayRetail/