jeet2329 said:
GUYS I M FOR CANADIAN UNIVERSITY...!!! I LIVE IN INDIA. CAN ANYONE TELL ME ABOUT EDUCATION LOAN REQUIREMENTS AND WHEN I HAVE TO START PAYING BACK THE LOAN AND WHEN WILL BANK START CHARGING INTEREST ON THE AMOUNT? PLZZZZ HELP ME OUT...!!!
if you want to apply for a Canadian University ...then u will be applying under University Category
u will need...first of all
the "letter of acceptance" from one of the university of canada
after that you will easily get Loan Sanction from any Bank in India by showing them ur offer letter.. + ITRs of ur Father +they may ask you to show some collateral property like house ,land etc in order to support your loan application. After that....they will give u two option
first one
is to pay the EMIs each and every month during the duration of studies and afterwards and
second is
you can repay it after the completion of ur studies...!
and rate of interest for all banks is approximately 12 to 14 percent.. !
best of luck !!