Various banks i.e. Bank of Baroda, Canara Bank, Axis Bank, ICICI, Indian Overseas Bank, SBI etc. (List is not complete) give bank loan from 20-40 lakhs for studies abroad on interest between 11% to 14%. It is recommended that the bank selected for loan, if required, be approached earliest but not later than 6 months from the date when loan is required. The interest is normally margin money i.e. fluctuating.
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