{"id":5659,"date":"2023-06-19T15:57:24","date_gmt":"2023-06-19T10:27:24","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=5659"},"modified":"2023-06-19T15:57:25","modified_gmt":"2023-06-19T10:27:25","slug":"oriental-bank-of-commerce-education-loan-for-study-abroad","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/education-loan\/oriental-bank-of-commerce-education-loan-for-study-abroad\/","title":{"rendered":"Oriental Bank of Commerce Education Loan for Study Abroad\u00a0"},"content":{"rendered":"\n<p>Students who aim to pursue higher education from a reputed university abroad realize that the process isn\u2019t as easy as it seems. Sometimes, deserving candidates also fail to continue their higher education journey due to the higher expenses involved in the process. This is where education loans will undoubtedly prove extremely beneficial for them. The Oriental Bank of Commerce Education Loan is one of the best options for students who are looking for education loans at an extremely competitive rate.&nbsp;<\/p>\n\n\n\n<p>One of the most eye-catching things about OBC Bank is that they have extensive network connections. You can use the OBC education loan to pursue your higher education abroad while also leveraging the benefit of flexible payment options. The repayment period is also eye-catching for the students so that they can repay the borrowed amount without any problem.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background\"><tbody><tr><td><strong>Maximum Amount of Loan<\/strong><\/td><td>For elite institutions: 20 Lakh INROther institutions: 10 Lakh INR<\/td><\/tr><tr><td><strong>Loan Period&nbsp;<\/strong><\/td><td>15 years<\/td><\/tr><tr><td><strong>Interest Rate<\/strong><\/td><td>7.30% &#8211; 9.30%<\/td><\/tr><tr><td><strong>Repayment Period<\/strong><\/td><td>Students need to be an Indian citizen and be accepted to the technical courses or professional courses&nbsp;<\/td><\/tr><tr><td><strong>Eligibility<\/strong><\/td><td>Students need to be an Indian citizen and be accepted to the technical courses or professional courses\u00a0<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-required-documents\"><span id=\"required-documents\">Required Documents&nbsp;<\/span><\/h2>\n\n\n\n<p>This is one of the most important things you need to know about the Oriental Bank of Commerce education loan. Here are the essential documents you need to provide:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Make sure you present proof of address such as voter ID, passport, utility bills, etc<\/li>\n\n\n\n<li>You need to showcase income proof of your family such as pension valuation certificate, ITR, etc<\/li>\n\n\n\n<li>You need to present your academic records such as the 10th and 12th mark sheets. If you\u2019re applying for a master\u2019s degree, a UG certificate is a must<\/li>\n\n\n\n<li>Don\u2019t forget to provide your collateral documents such as registry documents, insurance company policy, etc<\/li>\n\n\n\n<li>Age proof&nbsp;<\/li>\n\n\n\n<li>An affidavit&nbsp;<\/li>\n\n\n\n<li>Fees details&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-type-of-security-do-you-need-to-provide\"><span id=\"what-type-of-security-do-you-need-to-provide\">What Type of Security Do You Need to Provide?<\/span><\/h2>\n\n\n\n<p>This is another important thing you need to know about Oriental Bank of Commerce education loans. Make sure you know the type of security that you need to provide so that you don\u2019t face any problems while applying for an education loan.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>If the loan amount is less than INR 4 Lakh, students don\u2019t need to pledge any type of security or collateral<\/li>\n\n\n\n<li>When the loan amount is between INR 4 Lakh and INR 7.5 Lakh, you need to consider a third-party co-applicant&nbsp;<\/li>\n\n\n\n<li>When the loan amount is over INR 7.5 Lakh, parents need to be co-applicants while also choosing a sufficient amount as collateral.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-advantages-of-oriental-bank-of-commerce-education-loan\"><span id=\"advantages-of-oriental-bank-of-commerce-education-loan\">Advantages of Oriental Bank of Commerce Education Loan&nbsp;<\/span><\/h2>\n\n\n\n<p>Some of the most eye-catching advantages of the Oriental Bank of Commerce education loan are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You will be able to leverage the benefits of low-interest rates. As the interest rates are lower, you won\u2019t need to worry about the amount accumulated during repayment<\/li>\n\n\n\n<li>Not only the bank doesn\u2019t require any processing fees but also the paperwork is lower<\/li>\n\n\n\n<li>You don\u2019t need to worry about any administrative fees or hidden costs&nbsp;<\/li>\n\n\n\n<li>Female students can receive 0.50% of discounts&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-process-to-apply-for-obc-education-loan\"><span id=\"the-process-to-apply-for-obc-education-loan\">The Process to Apply for OBC Education Loan<\/span><\/h2>\n\n\n\n<p>Here are the steps you need to keep in mind if you want to apply for the OBC education loan. Don\u2019t forget to pay close attention to these steps.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You can apply for the OBC education loan through offline mode. All you need to do is visit the local branch, fill the application form out, and submit it along with the necessary documents.&nbsp;<\/li>\n\n\n\n<li>You can also apply for an education loan from the official website of the bank. Make sure you choose the appropriate courses before you click on the \u2018Apply Now\u2019 button.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1687169675807\"><strong class=\"schema-faq-question\"><strong>Q1. Can I get a 100% loan to study abroad?<\/strong><\/strong> <p class=\"schema-faq-answer\">A. Getting a 100% loan for study abroad is completely possible. But it depends on the university you\u2019re choosing and the bank itself.\u00a0<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1687169685880\"><strong class=\"schema-faq-question\">Q2.<strong> Can I get a visa if I have a loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">A. Once the loan has been sanctioned successfully, you will be able to apply for a visa using the application form of the bank.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1687169711616\"><strong class=\"schema-faq-question\"><strong>Q3. Can I get an education loan without my parents?<\/strong><\/strong> <p class=\"schema-faq-answer\">A. Yes, you can receive an education loan without any parents. However, you need to make sure that you have a primary co-applicant.\u00a0<\/p> <\/div> <\/div>\n\n\n\n<p>This is everything you need to know about the Oriental Bank of Commerce education loan for studying abroad. If you have queries regarding loan applications, money transfers, and others, make sure you contact <a href=\"https:\/\/fly.finance\/\"><strong>Fly Finance<\/strong><\/a><strong>.&nbsp;<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Students who aim to pursue higher education from a reputed university abroad realize that the process isn\u2019t as easy as it seems. Sometimes, deserving candidates also fail to continue their higher education journey due to the higher expenses involved in the process. This is where education loans will undoubtedly prove extremely beneficial for them. The &#8230; <a title=\"Oriental Bank of Commerce Education Loan for Study Abroad\u00a0\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/education-loan\/oriental-bank-of-commerce-education-loan-for-study-abroad\/\" aria-label=\"Read more about Oriental Bank of Commerce Education Loan for Study Abroad\u00a0\">Read more<\/a><\/p>\n","protected":false},"author":16,"featured_media":5661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-5659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Oriental Bank of Commerce Education Loan for Study Abroad\u00a0 | Fly Finance<\/title>\n<meta name=\"description\" content=\"Here is everything you 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Chakraborty","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7ebad9987d31e3c52fb90ef41eaa2d3008873b243476dfa903249f486c9ea48?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7ebad9987d31e3c52fb90ef41eaa2d3008873b243476dfa903249f486c9ea48?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7ebad9987d31e3c52fb90ef41eaa2d3008873b243476dfa903249f486c9ea48?s=96&d=mm&r=g","caption":"Biprojit Chakraborty"},"url":"https:\/\/fly.finance\/blog\/author\/biprojit\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/oriental-bank-of-commerce-education-loan-for-study-abroad\/#faq-question-1687169675807","position":1,"url":"https:\/\/fly.finance\/blog\/education-loan\/oriental-bank-of-commerce-education-loan-for-study-abroad\/#faq-question-1687169675807","name":"Q1. Can I get a 100% loan to study abroad?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"A. Getting a 100% loan for study abroad is completely possible. But it depends on the university you\u2019re choosing and the bank itself.\u00a0","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/oriental-bank-of-commerce-education-loan-for-study-abroad\/#faq-question-1687169685880","position":2,"url":"https:\/\/fly.finance\/blog\/education-loan\/oriental-bank-of-commerce-education-loan-for-study-abroad\/#faq-question-1687169685880","name":"Q2. Can I get a visa if I have a loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"A. Once the loan has been sanctioned successfully, you will be able to apply for a visa using the application form of the bank.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/oriental-bank-of-commerce-education-loan-for-study-abroad\/#faq-question-1687169711616","position":3,"url":"https:\/\/fly.finance\/blog\/education-loan\/oriental-bank-of-commerce-education-loan-for-study-abroad\/#faq-question-1687169711616","name":"Q3. Can I get an education loan without my parents?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"A. Yes, you can receive an education loan without any parents. 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