{"id":6012,"date":"2025-02-06T10:59:33","date_gmt":"2025-02-06T05:29:33","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=6012"},"modified":"2025-02-06T10:59:35","modified_gmt":"2025-02-06T05:29:35","slug":"bandhan-bank-education-loan","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/","title":{"rendered":"Bandhan Bank Education Loan: A Quick Guide"},"content":{"rendered":"\n<p>Bandhan Bank education loan to study abroad is the perfect solution for you to pursue higher studies. Bandhan Bank offers a variety of education loan options designed to support Indian students pursuing higher education, both in India and abroad. These include the &#8220;Sushiksha Loan&#8221; designed exclusively for existing micro-banking customers, and personal loans for educational needs. <\/p>\n\n\n\n<p>With interest rates at 13.45 per annum, flexible repayment tenures, and loan amounts up to INR 10,000, Bandhan Bank aims to make education accessible and affordable. This blog post will explore the features, benefits, eligibility criteria, and application process for Bandhan Bank education loans, providing you with the information needed to finance your academic aspirations.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-bandhan-bank-education-loan\" data-level=\"2\">Bandhan Bank Education Loan<\/a><ul><li><a href=\"#h-about-bandhan-bank\" data-level=\"3\">About Bandhan Bank<\/a><\/li><\/ul><\/li><li><a href=\"#h-bandhan-bank-education-loan-interest-rates\" data-level=\"2\">Bandhan Bank Education Loan Interest Rates<\/a><\/li><li><a href=\"#h-benefits-of-bandhan-bank-education-loan\" data-level=\"2\">Benefits of Bandhan Bank Education Loan<\/a><\/li><li><a href=\"#h-eligibility-criteria\" data-level=\"2\">Eligibility Criteria<\/a><\/li><li><a href=\"#h-fees-or-hidden-charges-of-bandhan-bank-education-loan\" data-level=\"2\">Fees or Hidden Charges of Bandhan Bank Education Loan<\/a><\/li><li><a href=\"#h-documents-required\" data-level=\"2\">Documents Required<\/a><\/li><li><a href=\"#h-bandhan-bank-education-loan-process\" data-level=\"2\">Bandhan Bank Education Loan Process<\/a><\/li><li><a href=\"#h-faqs\" data-level=\"2\">FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bandhan-bank-education-loan\"><span id=\"bandhan-bank-education-loan\">Bandhan Bank Education Loan<\/span><\/h2>\n\n\n\n<p>Bandhan Bank provides education loans for students wanting to pursue higher education in India and abroad through their personal loan products. They offer loan amounts up to INR 10,000 with interest rates at 13.45% p.a. The repayment period can extend up to 12 months.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Feature<\/th><th class=\"has-text-align-left\" data-align=\"left\">Description<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">Loan Amount<\/td><td class=\"has-text-align-left\" data-align=\"left\">Up to INR 10,000<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Interest Rate<\/td><td class=\"has-text-align-left\" data-align=\"left\">13.45% p.a<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Repayment Period<\/td><td class=\"has-text-align-left\" data-align=\"left\">Up to 1 year<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Processing Fee<\/td><td class=\"has-text-align-left\" data-align=\"left\">NIL<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Moratorium Period<\/td><td class=\"has-text-align-left\" data-align=\"left\">Course duration + 1 year<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Co-Applicants<\/td><td class=\"has-text-align-left\" data-align=\"left\">Parents, in-laws, spouses, and siblings<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Eligible Expenses<\/td><td class=\"has-text-align-left\" data-align=\"left\">Tuition fees, examination fees, transport, medical, books, apparatus, and incidental expenses<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Collateral<\/td><td class=\"has-text-align-left\" data-align=\"left\">Immovable property and cash instruments (the latter is subjected to minimum value)<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Other<\/td><td class=\"has-text-align-left\" data-align=\"left\">The interest collected during the moratorium period is added to the repayment and principal amount.\u00a0The primary account must process at least 1 customer-induced transaction every month.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-about-bandhan-bank\"><span id=\"about-bandhan-bank\">About Bandhan Bank<\/span><\/h3>\n\n\n\n<p>Bandhan Bank can\u2019t be considered a new bank as it has been present in the market since 2014. Since its foundation, Bandhan Bank has been one of India&#8217;s leading financial institutions that provides a wide range of banking services like savings accounts, loans, insurance policies, etc. <\/p>\n\n\n\n<p>It was founded by a Bengali enthusiast known as Chandra Sekhar Ghosh with the main vision of making banking more easy and accessible to the masses. This bank is scaling up quickly to compete against market leaders like <a href=\"https:\/\/leverageedu.com\/blog\/hdfc-education-loan\/\"><strong>HDFC Bank<\/strong><\/a>, <a href=\"https:\/\/leverageedu.com\/blog\/sbi-education-loan\/\"><strong>SBI Bank<\/strong><\/a>, etc and currently has over 6,000 banking outlets across India.\u00a0<\/p>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also, Read- <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/loan-related-terms\/\"><strong>LOAN RELATED TERMS THAT EVERY STUDENT SHOULD KNOW!<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bandhan-bank-education-loan-interest-rates\"><span id=\"bandhan-bank-education-loan-interest-rates\">Bandhan Bank Education Loan Interest Rates<\/span><\/h2>\n\n\n\n<p>Bandhan Bank\u2019s education loan interest rates are linked to the Marginal Cost of Funds Based Lending Rate (MCLR), which has been in effect since April 1, 2016. Currently, the interest rate for education loans stands at 13.45%.<\/p>\n\n\n\n<p>Check out some important points on Bandhan Bank education loan interest rates-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>MCLR-linked interest rates mean that interest rates on Bandhan Bank education loans can fluctuate depending on the bank\u2019s policies and market conditions.<\/li>\n\n\n\n<li>Since the interest rate is linked to MCLR, it may change periodically, impacting the total cost of the loan.<\/li>\n\n\n\n<li>Students from economically weaker sections availing of Bandhan Bank education loans may check for any interest rate concessions from the Bank.<br><br><strong>Please note:<\/strong> At 13.45%, the education loan interest rate is on the higher side compared to some public sector banks. This means students may face a higher repayment burden. It is ideal to consider the <strong><a href=\"https:\/\/fly.finance\/blog\/question-answer\/can-i-get-an-education-loan-without-collateral\/\">banks offering the lowest interest rates on education loans<\/a><\/strong>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-benefits-of-bandhan-bank-education-loan\"><span id=\"benefits-of-bandhan-bank-education-loan\">Benefits of Bandhan Bank Education Loan<\/span><\/h2>\n\n\n\n<p>Though Bandhan Bank&#8217;s education loan interest rates are high compared to other banks, reasons like quicker loan approval, disbursement, and shorted loan tenure make it an ideal choice for Bandhan Bank&#8217;s existing customers. Check out the key benefits of financing your study abroad dream via Bandhan Bank Education Loan-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Exclusive for Existing Micro-Banking<\/strong> Customers \u2013 This loan is designed specifically for Bandhan Bank\u2019s micro-banking customers, ensuring financial support for their children\u2019s education.<\/li>\n\n\n\n<li><strong>Quick Loan Approval &amp; Disbursement<\/strong> \u2013 Bandhan Bank Savings Account holders benefit from a <strong>faster approval process<\/strong> and <strong>quick fund disbursement<\/strong>, reducing waiting time.<\/li>\n\n\n\n<li><strong>Flexible Loan Amount<\/strong> \u2013 Students can avail of a loan ranging from <strong>INR 1,000 to INR 10,000<\/strong>, catering to smaller educational expenses.<\/li>\n\n\n\n<li><strong>Short Loan Tenure<\/strong> \u2013 With a tenure of up to <strong>1 year<\/strong>, borrowers can quickly repay the loan without long-term financial stress.<\/li>\n\n\n\n<li><strong>Convenient Doorstep Banking<\/strong> \u2013 The bank provides <strong>biometric authentication<\/strong> and <strong>loan disbursement at the borrower\u2019s doorstep<\/strong>, making the process hassle-free.<\/li>\n\n\n\n<li><strong>Minimal Documentation<\/strong> \u2013 The loan application process is <strong>simple and requires minimal paperwork<\/strong>, making it accessible to a wider section of society.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-criteria\"><span id=\"eligibility-criteria\">Eligibility Criteria<\/span><\/h2>\n\n\n\n<p>You need to certain eligibility criteria to get your Bandhan Bank education loan approved. This includes fulfilling age, academic, and financial criteria for the bank to verify your details. Take a look at who is eligible to apply for a Bandhan Bank education loan.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You should be an Indian citizen or a permanent resident of India.<\/li>\n\n\n\n<li>Your minimum age should be 16 years and your maximum age should be 35 years.<\/li>\n\n\n\n<li>You should have secured admission or have an offer letter from a recognized university abroad for a full-time degree or diploma course.<\/li>\n\n\n\n<li>You should have an impeccable academic record and a valid score on entrance exams like GMAT, GRE, or any other relevant entrance exam scores.<\/li>\n\n\n\n<li>You should have a co-applicant with a regular source of income and a good credit history.<\/li>\n\n\n\n<li>You need to provide collateral security such as property, fixed deposit, gold, or any other asset as per the bank\u2019s norms.<\/li>\n\n\n\n<li>You and your co-applicant both need to be creditworthy.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Relevant Read- <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-against-property\/\"><strong>HOW TO GET AN EDUCATION LOAN AGAINST PROPERTY TO STUDY ABROAD?<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-fees-or-hidden-charges-of-bandhan-bank-education-loan\"><span id=\"fees-or-hidden-charges-of-bandhan-bank-education-loan\">Fees or Hidden Charges of Bandhan Bank Education Loan<\/span><\/h2>\n\n\n\n<p>Bandhan Bank is one of the most trusted and transparent banks in India, there are no hidden charges or convenience fees but here are the charges and penalties you need to be aware of before opting for a Bandhan Bank education loan:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-base-3-background-color has-background\"><tbody><tr><td><strong>Fee Type<\/strong><\/td><td><strong>Charges<\/strong><\/td><\/tr><tr><td>Processing fee&nbsp;<\/td><td>NIL<\/td><\/tr><tr><td>Prepayment fee\/ Foreclose<\/td><td>NIL<\/td><\/tr><tr><td>Late payment fee<\/td><td>2% per month on the overdue amount<\/td><\/tr><tr><td>Cheque bounce fee<\/td><td>INR 500 per cheque&nbsp;<\/td><\/tr><tr><td>ECS bounce fee&nbsp;<\/td><td>INR 500 per request<\/td><\/tr><tr><td>Loan cancellation fee<\/td><td>INR 1,000\u00a0<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-documents-required\"><span id=\"documents-required\">Documents Required<\/span><\/h2>\n\n\n\n<p>Here are some of the necessary <strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/documents-required-for-education-loan\/\">documents needed for an education loan<\/a><\/strong> at Bandhan Bank:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Identity Proof like an Aadhaar card or Driving License&nbsp;<\/li>\n\n\n\n<li>Pan Card&nbsp;<\/li>\n\n\n\n<li>Birth Certificate for age verification<\/li>\n\n\n\n<li>Academic proof such as mark sheets, certificates, degrees or any previous qualification<\/li>\n\n\n\n<li>Admission proof such as an offer letter from the university<\/li>\n\n\n\n<li>Income proof such as salary slips, and bank statements<\/li>\n\n\n\n<li>Collateral security proof like property papers or fixed deposit receipts<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read- <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/consolidate-student-loans-meaning-benefits-process\/\"><strong>CONSOLIDATE STUDENT LOANS: MEANING, BENEFITS, PROCESS<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bandhan-bank-education-loan-process\"><span id=\"bandhan-bank-education-loan-process\">Bandhan Bank Education Loan Process<\/span><\/h2>\n\n\n\n<p>You can follow this straightforward guide which can ease your Bandhan Bank Education Loan application process:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Firstly, you can visit your nearest Bandhan Bank branch for offline assistance or you can simply head over to the official website of Bandhan Bank to apply for an education loan directly<\/li>\n\n\n\n<li>Click on \u201cApply for Education Loan\u201d and you can also check the terms and conditions before applying<\/li>\n\n\n\n<li>Fill out the online application form with all the necessary information asked for and don\u2019t forget to attach\/ upload all the necessary documents mentioned above<\/li>\n\n\n\n<li>The bank will verify your documents and check your eligibility and creditworthiness (if you visit the nearest branch this will be done in a few minutes by the bank&#8217;s representatives)<\/li>\n\n\n\n<li>After the bank conducts the valuation of your collateral they will adjust the interest rate accordingly<\/li>\n\n\n\n<li>If you are comfortable with the interest rates and terms and conditions sign the <strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-sanction-letter\/\">education loan sanction letter <\/a><\/strong>and loan agreement letter<\/li>\n\n\n\n<li>You also need to do an <a href=\"https:\/\/leverageedu.com\/discover\/indian-exams\/ecs-full-form\/\"><strong>ECS<\/strong><\/a> Mandate for your loan repayment<\/li>\n\n\n\n<li>Once everything is verified and successful, your loan amount will be disbursed by the bank directly to your account or to the university or institution\u2019s account and that will be decided by the bank&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-1738819359621\"><strong class=\"schema-faq-question\">Do Bandhan Banks provide education loans?<\/strong> <p class=\"schema-faq-answer\">Yes, Bandhan Bank provides education loans for students who want to pursue higher education in India and abroad. The loan is offered under personal loan products, with a loan amount of up to INR 10,000 and an interest rate of 13.45% p.a.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1738819379575\"><strong class=\"schema-faq-question\">Who is eligible for Bandhan Bank education loan?<\/strong> <p class=\"schema-faq-answer\">To apply for a Bandhan Bank education loan, the applicant must:<br\/>&#8211; Be an Indian citizen or permanent resident.<br\/>&#8211; Be between 16 and 35 years old.<br\/>&#8211; Have secured admission to a recognized university in India or abroad.<br\/>&#8211; Have a co-applicant (parent, spouse, or sibling) with a stable income.<br\/>&#8211; Provide collateral security as per the bank\u2019s guidelines.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1738819400010\"><strong class=\"schema-faq-question\">What is the Bandhan Bank education loan interest rate?<\/strong> <p class=\"schema-faq-answer\">The Bandhan Bank education loan interest rate for studying abroad is 13.45% p.a., linked to the MCLR (Marginal Cost of Funds Based Lending Rate). This means the interest rate can fluctuate based on market conditions.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1738819437883\"><strong class=\"schema-faq-question\">What is the Bandhan Bank education loan to study abroad eligibility?<\/strong> <p class=\"schema-faq-answer\">Students applying for an education loan to study abroad must:<br\/>&#8211; Have secured admission to a full-time degree or diploma program at a recognized foreign university.<br\/>&#8211; Provide entrance exam scores (GMAT, GRE, etc.) if applicable.<br\/>&#8211; Have a co-applicant with a stable income and good credit history.<br\/>&#8211; Provide collateral security such as property or fixed deposits, depending on the loan amount.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1688042021418\"><strong class=\"schema-faq-question\"><strong>What are the countries eligible for Bandhan Bank education loans to study abroad?<\/strong><\/strong> <p class=\"schema-faq-answer\">Here are the following countries that are eligible for Bandhan Bank education loans to study abroad: <a href=\"https:\/\/leverageedu.com\/blog\/study-in-usa\/\"><strong>USA<\/strong><\/a>; <a href=\"https:\/\/leverageedu.com\/blog\/study-in-uk\/\"><strong>UK<\/strong><\/a>; <a href=\"https:\/\/leverageedu.com\/blog\/study-in-canada\/\"><strong>Canada<\/strong><\/a>; <a href=\"https:\/\/leverageedu.com\/blog\/study-in-australia-without-ielts\/\"><strong>Australia<\/strong><\/a>; <a href=\"https:\/\/leverageedu.com\/blog\/study-in-new-zealand\/\"><strong>New Zealand<\/strong><\/a>; <a href=\"https:\/\/leverageedu.com\/blog\/study-in-germany\/\"><strong>Germany<\/strong><\/a>; <a href=\"https:\/\/leverageedu.com\/blog\/study-in-france\/\"><strong>France<\/strong><\/a>; <a href=\"https:\/\/leverageedu.com\/blog\/study-in-singapore\/\"><strong>Singapore<\/strong><\/a> and <a href=\"https:\/\/leverageedu.com\/blog\/chinese-education-system\/\"><strong>China<\/strong><\/a>. <\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1688042191205\"><strong class=\"schema-faq-question\"><strong>How can I check the status of my Bandhan Bank education loan application?<\/strong><\/strong> <p class=\"schema-faq-answer\">You can check the status of your Bandhan Bank education loan application by visiting the nearest branch of Bandhan Bank or by logging in to their website or mobile app with your credentials. Additionally, you can also call the customer support and do the same.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1688042781204\"><strong class=\"schema-faq-question\"><strong>What if I fail to repay my education loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">If you fail to repay your Bandhan Bank education loan, you will be charged a late payment fee of 2% per month on the overdue amount. This will also affect your credit score negatively and the bank can even take legal action against you.\u00a0<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1738819584467\"><strong class=\"schema-faq-question\">How to apply for a Bandhan Bank education loan to study abroad online?<\/strong> <p class=\"schema-faq-answer\">&#8211; Visit the Bandhan Bank website.<br\/>&#8211; Click on \u201cApply for Education Loan\u201d.<br\/>&#8211; Fill in details and upload documents.<br\/>&#8211; Bank verifies eligibility &amp; collateral.<br\/>&#8211; Loan is disbursed to your account or university.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1738819604255\"><strong class=\"schema-faq-question\">How to apply for a Bandhan Bank education loan?<\/strong> <p class=\"schema-faq-answer\">To apply for Bandhan Bank education loan, you can choose the following methods-<br\/>&#8211; Online: Apply on the Bandhan Bank website.<br\/>&#8211; Offline: Visit the nearest branch with documents.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1738819632080\"><strong class=\"schema-faq-question\">Does Bandhan Bank charge any processing fees or hidden charges?<\/strong> <p class=\"schema-faq-answer\">There is no processing fees for Bandhan Bank education loan, but be aware of:<br\/>&#8211; Late Payment Fee: 2% per month.<br\/>&#8211; Cheque\/ECS Bounce Fee: INR 500 per instance.<br\/>&#8211; Loan Cancellation Fee: INR 1,000.<\/p> <\/div> <\/div>\n\n\n\n<p>This was everything related to the Bandhan Bank Education Loan. To learn more about <a href=\"https:\/\/fly.finance\/loans\"><strong>education loans<\/strong><\/a>, the best <a href=\"https:\/\/fly.finance\/international-bank-account\"><strong>bank accounts for students<\/strong><\/a>, <a href=\"https:\/\/fly.finance\/forex\"><strong>forex,<\/strong><\/a> banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your experience with studying abroad.<br><\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background has-fixed-layout\"><tbody><tr><td colspan=\"2\"><strong>Additional Reads<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loans-with-backlogs\/\"><strong>Education Loans with Backlogs<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/self-funding-vs-education-loan\/\"><strong>Self Funding vs Education Loans<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/simple-interest-on-education-loan\/\"><strong>Simple Interest on an Education Loan<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-rejection-post-sanction\/\"><strong>Education Loan Rejection Post-Sanction<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-in-bangalore\/\"><strong>Education Loan in Bangalore<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loans-in-hyderabad\/\"><strong>Education Loan in Hyderabad<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/loan-against-mutual-funds\/\"><strong>Education Loan against Mutual Funds<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-extension-letter\/\"><strong>Education Loan Extension Letter to Bank<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-online-degree\/\"><strong>Education Loan for Online Degree<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-against-fixed-deposit\/\"><strong>Education Loan against Fixed Deposits<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Follow Us on Social Media <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-social-links is-layout-flex wp-block-social-links-is-layout-flex\"><li class=\"wp-social-link wp-social-link-instagram  wp-block-social-link\"><a href=\"https:\/\/instagram.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12,4.622c2.403,0,2.688,0.009,3.637,0.052c0.877,0.04,1.354,0.187,1.671,0.31c0.42,0.163,0.72,0.358,1.035,0.673 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c7.547,0,11.675-6.252,11.675-11.675c0-0.178-0.004-0.355-0.012-0.531C20.985,7.47,21.68,6.747,22.23,5.924z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Twitter<\/span><\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Bandhan Bank education loan to study abroad is the perfect solution for you to pursue higher studies. Bandhan Bank offers a variety of education loan options designed to support Indian students pursuing higher education, both in India and abroad. These include the &#8220;Sushiksha Loan&#8221; designed exclusively for existing micro-banking customers, and personal loans for educational &#8230; <a title=\"Bandhan Bank Education Loan: A Quick Guide\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/\" aria-label=\"Read more about Bandhan Bank Education Loan: A Quick Guide\">Read more<\/a><\/p>\n","protected":false},"author":29,"featured_media":17503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-6012","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>Bandhan Bank Education Loan<\/title>\n<meta name=\"description\" content=\"Check out all details on Bandhan Bank Education loan. 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I'm Shubhika- a proud graduate in English Literature and Language from Delhi University. My journey as a content writer transitioned from online teacher into the world of words. Stepping into the domain of blogs and articles, I discovered my passion for writing growing deeper and stronger. Having said that, I have experience of writing for diverse industries in automobile, technology, ed-tech, finance and mental-health; crafting details to help you find the solution to what you are looking for. Join me as I invite you all explore and learn together.","sameAs":["https:\/\/www.facebook.com\/shubhika.garg\/","https:\/\/www.instagram.com\/shubhika.garg\/","https:\/\/www.linkedin.com\/in\/shubhikagarg71\/","https:\/\/www.tumblr.com\/blog\/shubhikahere"],"url":"https:\/\/fly.finance\/blog\/author\/shubhika\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1738819359621","position":1,"url":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1738819359621","name":"Do Bandhan Banks provide education loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, Bandhan Bank provides education loans for students who want to pursue higher education in India and abroad. The loan is offered under personal loan products, with a loan amount of up to INR 10,000 and an interest rate of 13.45% p.a.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1738819379575","position":2,"url":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1738819379575","name":"Who is eligible for Bandhan Bank education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"To apply for a Bandhan Bank education loan, the applicant must:<br\/>- Be an Indian citizen or permanent resident.<br\/>- Be between 16 and 35 years old.<br\/>- Have secured admission to a recognized university in India or abroad.<br\/>- Have a co-applicant (parent, spouse, or sibling) with a stable income.<br\/>- Provide collateral security as per the bank\u2019s guidelines.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1738819400010","position":3,"url":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1738819400010","name":"What is the Bandhan Bank education loan interest rate?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The Bandhan Bank education loan interest rate for studying abroad is 13.45% p.a., linked to the MCLR (Marginal Cost of Funds Based Lending Rate). This means the interest rate can fluctuate based on market conditions.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1738819437883","position":4,"url":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1738819437883","name":"What is the Bandhan Bank education loan to study abroad eligibility?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Students applying for an education loan to study abroad must:<br\/>- Have secured admission to a full-time degree or diploma program at a recognized foreign university.<br\/>- Provide entrance exam scores (GMAT, GRE, etc.) if applicable.<br\/>- Have a co-applicant with a stable income and good credit history.<br\/>- Provide collateral security such as property or fixed deposits, depending on the loan amount.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1688042021418","position":5,"url":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1688042021418","name":"What are the countries eligible for Bandhan Bank education loans to study abroad?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Here are the following countries that are eligible for Bandhan Bank education loans to study abroad: <a href=\"https:\/\/leverageedu.com\/blog\/study-in-usa\/\"><strong>USA<\/strong><\/a>; <a href=\"https:\/\/leverageedu.com\/blog\/study-in-uk\/\"><strong>UK<\/strong><\/a>; <a href=\"https:\/\/leverageedu.com\/blog\/study-in-canada\/\"><strong>Canada<\/strong><\/a>; <a href=\"https:\/\/leverageedu.com\/blog\/study-in-australia-without-ielts\/\"><strong>Australia<\/strong><\/a>; <a href=\"https:\/\/leverageedu.com\/blog\/study-in-new-zealand\/\"><strong>New Zealand<\/strong><\/a>; <a href=\"https:\/\/leverageedu.com\/blog\/study-in-germany\/\"><strong>Germany<\/strong><\/a>; <a href=\"https:\/\/leverageedu.com\/blog\/study-in-france\/\"><strong>France<\/strong><\/a>; <a href=\"https:\/\/leverageedu.com\/blog\/study-in-singapore\/\"><strong>Singapore<\/strong><\/a> and <a href=\"https:\/\/leverageedu.com\/blog\/chinese-education-system\/\"><strong>China<\/strong><\/a>. ","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1688042191205","position":6,"url":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1688042191205","name":"How can I check the status of my Bandhan Bank education loan application?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"You can check the status of your Bandhan Bank education loan application by visiting the nearest branch of Bandhan Bank or by logging in to their website or mobile app with your credentials. Additionally, you can also call the customer support and do the same.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1688042781204","position":7,"url":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1688042781204","name":"What if I fail to repay my education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"If you fail to repay your Bandhan Bank education loan, you will be charged a late payment fee of 2% per month on the overdue amount. This will also affect your credit score negatively and the bank can even take legal action against you.\u00a0","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1738819584467","position":8,"url":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1738819584467","name":"How to apply for a Bandhan Bank education loan to study abroad online?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"- Visit the Bandhan Bank website.<br\/>- Click on \u201cApply for Education Loan\u201d.<br\/>- Fill in details and upload documents.<br\/>- Bank verifies eligibility &amp; collateral.<br\/>- Loan is disbursed to your account or university.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1738819604255","position":9,"url":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1738819604255","name":"How to apply for a Bandhan Bank education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"To apply for Bandhan Bank education loan, you can choose the following methods-<br\/>- Online: Apply on the Bandhan Bank website.<br\/>- Offline: Visit the nearest branch with documents.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1738819632080","position":10,"url":"https:\/\/fly.finance\/blog\/education-loan\/bandhan-bank-education-loan\/#faq-question-1738819632080","name":"Does Bandhan Bank charge any processing fees or hidden charges?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"There is no processing fees for Bandhan Bank education loan, but be aware of:<br\/>- Late Payment Fee: 2% per month.<br\/>- Cheque\/ECS Bounce Fee: INR 500 per instance.<br\/>- Loan Cancellation Fee: INR 1,000.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/6012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=6012"}],"version-history":[{"count":5,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/6012\/revisions"}],"predecessor-version":[{"id":17504,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/6012\/revisions\/17504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/17503"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=6012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=6012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=6012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}