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Bharat Overseas Bank: Saraswathi Educational Loan

Exclusive features:
Maximum loan amount is Rs. 15 lakhs for education abroad
Loan repayment period is 5 to 7 years
Interest rates: Only PLR (13.5% at present) for over Rs. 4 Lakhs and a reduction of 1% for loans less than Rs. 4 lakhs*
Repayment
The students can repay the loan immediately on getting an employment after his education or after the moratorium period granted by the bank, which will range from 6 months to one year on completion of the course.

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