Rajasthan Marudhara Gramin Bank is a joint venture of the Government of India, the Government of Rajasthan, and the State Bank of India. The education loan provided by the bank aims to extend financial assistance to meritorious students interested in studying in India or abroad for higher education. In this blog, we will understand the major features of this loan scheme, its eligibility criteria, and other important details.
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How To Apply Online for Rajasthan Gramin Bank Education Loan?
It is simple to apply for this loan scheme. Students can visit the nearest bank branch of Rajasthan Gramin Education Loan Bank and follow the below-mentioned steps-
- Step 1- Approach the loan department of the bank branch.
- Step 2- A nodal officer will be assigned to you who will start your loan application process.
- Step 3- Collect the loan application form. Fill out the application form carefully with all the necessary details.
- Step 4- Submit your application form along with the required documents.
- Step 5- The bank will approve your loan application after verifying your documentation part.
- Step 6- The bank will contact you after your verification process is done and inform you about the further steps.
Eligibility Criteria for Rajasthan Marudhara Gramin Bank Education Loan Scheme
To avail of this scheme, students must have completed HSC (10+2 or equivalent examination) and must have secured admission to a recognised university.
To know more details students can visit the Rajasthan Marudhara Gramin Bank’s nearest branch and speak to its representative. The location of the bank’s branch can be found on its official website and it operates in many districts of Rajasthan including Jalore, Pali, Sirohi, etc.
Also Read: If you are looking for a quick education loan then you must read this blog KBL Vidyanidhi Quick Education Loan
Major Features of the Loan Scheme
The Rajasthan Marudhara Gramin Bank Education loan scheme provides loans to Indian nationals interested in studying abroad. It is crucial to know about education loan interest rates while applying for a loan. The interest rate of the scheme starts from 9.30% p.a. Below are some of the major features of this loan scheme-
Note:- The interest rate is subject to change. Please contact the bank to know about the latest interest rates.
Also Read: Check Out this Blog on How To Apply For a Vidya Lakshmi Education Loan Through the YONO App?
FAQs on Rajasthan Marudhara Gramin Bank Education Loan
Yes, the banks provide different types of loans, education loans being one of them. Students can take an education loan for higher studies in India or abroad.
Under the Rajasthan Marudhara Gramin Bank education loan scheme, a maximum of INR 10 Lakhs is available for studies in India and INR 20 Lakhs for studies abroad.
The interest rate is not available on the bank’s official website and students must contact the bank to confirm the latest rate of interest.
A maximum amount of INR 20 Lakhs is available for studies abroad.
Yes, the scheme is applicable for both studies in India and abroad.
This blog was all about details regarding the Rajasthan Marudhara Gramin Bank education loan scheme. To know more about study abroad education loans, the best bank accounts for students, forex and banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
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