{"id":8291,"date":"2023-11-18T13:43:49","date_gmt":"2023-11-18T08:13:49","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=8291"},"modified":"2023-11-25T12:24:44","modified_gmt":"2023-11-25T06:54:44","slug":"tnsc-bank-education-loan","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/education-loan\/tnsc-bank-education-loan\/","title":{"rendered":"TNSC Bank Education Loan to Study Abroad: Know the Details Here!"},"content":{"rendered":"\n<p>The Tamil Nadu State Apex Co-operative Bank (TNSC Bank) provides education loans for students interested in pursuing higher education in India or abroad. A lot of students apply for this bank\u2019s loan scheme due to the comprehensive nature of expenses covered and the favourable repayment process. The eligibility criteria to apply for it is also simple and the loan scheme covers various courses that are available in India and abroad. In this blog, we\u2019ll discuss the major features, eligibility, interest rates, and other details related to this loan scheme. So, let\u2019s dive in!<\/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-purpose-major-features-of-tnsc-bank-education-loan\" data-level=\"2\">Purpose &amp; Major Features of TNSC Bank Education Loan<\/a><\/li><li><a href=\"#h-who-is-eligible-to-apply-for-the-tnsc-bank-education-loan\" data-level=\"2\">Who is Eligible to Apply for the TNSC Bank Education Loan?<\/a><\/li><li><a href=\"#h-maximum-amount-of-loan-sanctioned\" data-level=\"2\">Maximum Amount of Loan Sanctioned<\/a><\/li><li><a href=\"#h-what-are-the-courses-covered-under-this-loan-scheme\" data-level=\"2\">What are the Courses Covered under this Loan Scheme?<\/a><\/li><li><a href=\"#h-rate-of-interest-under-the-tnsc-bank-education-loan\" data-level=\"2\">Rate of Interest Under the TNSC Bank Education Loan<\/a><\/li><li><a href=\"#h-faqs-on-tnsc-bank-education-loan\" data-level=\"2\">FAQs on TNSC Bank Education Loan<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-purpose-major-features-of-tnsc-bank-education-loan\"><span id=\"purpose-major-features-of-tnsc-bank-education-loan\">Purpose &amp; Major Features of TNSC Bank Education Loan<\/span><\/h2>\n\n\n\n<p>The purpose of this loan scheme is to provide education loans to students interested in pursuing higher education from India or abroad. The bank provides this loan under favourable conditions and eligible students or their guardians can apply for it if their preferred course of study is eligible. The bank provides a maximum of INR 3 Lakhs for studying abroad or 95% of the expenditure towards the entire course of study, whichever is less. The repayment period of the loan is 3 to 5 years.<\/p>\n\n\n\n<p><strong>Major Features of the Scheme<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/rje0AJV8SUtRjyHhC7Cdxk08c1qqqPZaf0C0sMS7N0yYHgbcfiYMPfwYsB7DUrlGx1pUzeetp5HRNChbMtCw2hwUBm6JdqNGraRgFrnqc7xlv2eUwk1pzzbvRRwaryKGoVwYSHbf5tvGNXgCa65BZ5E\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-who-is-eligible-to-apply-for-the-tnsc-bank-education-loan\"><span id=\"who-is-eligible-to-apply-for-the-tnsc-bank-education-loan\">Who is Eligible to Apply for the TNSC Bank Education Loan?<\/span><\/h2>\n\n\n\n<p>The eligibility to apply for this loan scheme is simple and more or less similar to the eligibility for other loan schemes offered by different banks in India. An individual can apply for this loan scheme if he is employed in a government, quasi-government, or any reputed private organization and has sufficient funds to repay the loan. Such individuals can apply for the loan on behalf of their child or ward who is interested in pursuing higher education in India or abroad.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-maximum-amount-of-loan-sanctioned\"><span id=\"maximum-amount-of-loan-sanctioned\">Maximum Amount of Loan Sanctioned<\/span><\/h2>\n\n\n\n<p>It is essential to know about the maximum amount of loans available under any education loan scheme. If a student is planning to study in India then a maximum of INR 2 Lakhs are available under this loan scheme. In case a student is planning to study abroad then the bank provides a maximum of INR 3 Lakhs under this loan scheme. It should be noted that the bank also offers the option to cover 95% of the expenditure towards the entire course of study. However, the bank will provide only one of these options i.e., either providing the student INR 3 Lakhs or covering 95% of expenditure, whichever is less in that case. The course opted by the student should also fall under the eligible courses offered by the bank.<\/p>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: If you are looking for a quick education loan scheme to study abroad then you must read our blog- <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/yono-sbi-education-loan\/\"><strong>YONO SBI Education Loan<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-courses-covered-under-this-loan-scheme\"><span id=\"what-are-the-courses-covered-under-this-loan-scheme\">What are the Courses Covered under this Loan Scheme?<\/span><\/h2>\n\n\n\n<p>Following are the courses covered under the TNSC Bank Education Loan Scheme-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>MBBS\/ BDS\/ B.V.Sc.<\/li>\n\n\n\n<li>BPT\/ B.Pharm\/ BOT<\/li>\n\n\n\n<li>B.Sc (Agri)\/ B.E. (Agri. Engg.)\/ M.Sc (Agri.)<\/li>\n\n\n\n<li>B.Coop.\/ M.Coop.\/ B.E.\/ B.Tech\/ B.Arch\/ M.E.\/ M.Tech.<\/li>\n\n\n\n<li>MCA\/ B.Sc. (Computer Science)<\/li>\n\n\n\n<li>BBA\/ MBA\/ BBM\/ MBM, etc.<\/li>\n<\/ul>\n\n\n\n<p>Apart from the courses mentioned above, the TNC bank also provides loans for some other courses as well. To know whether the bank provides education loans for any other courses other than the ones mentioned above you\u2019ll have to contact a bank\u2019s representative.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-rate-of-interest-under-the-tnsc-bank-education-loan\"><span id=\"rate-of-interest-under-the-tnsc-bank-education-loan\">Rate of Interest Under the TNSC Bank Education Loan<\/span><\/h2>\n\n\n\n<p>It is crucial to know about <a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-interest-rates\/\"><strong>education loan interest rates<\/strong><\/a> while applying for a loan. The rate of interest under this loan scheme as mentioned on the bank\u2019s official website is 14% p.a. Students should note that this interest rate is subject to change from time to time. It may either decrease, increase, or stay the same. Hence, before a student applies for this loan scheme, he\/she should contact a bank\u2019s representative to confirm the latest interest rate.<\/p>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Check Out this Blog on <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/apply-for-vidya-lakshmi-education-loan-through-the-yono-app\/\"><strong>How To Apply For a Vidya Lakshmi Education Loan Through the YONO App?<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs-on-tnsc-bank-education-loan\"><span id=\"faqs-on-tnsc-bank-education-loan\">FAQs on TNSC Bank Education Loan<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1700486568020\"><strong class=\"schema-faq-question\">What is the aim of the TNSC Bank education loan?<\/strong> <p class=\"schema-faq-answer\">The aim of the TNSC Bank education loan is to provide loans to students who want to study in India or abroad for higher education.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1700486574522\"><strong class=\"schema-faq-question\">What is the interest rate of a TNSC Bank education loan for study abroad?<\/strong> <p class=\"schema-faq-answer\">The interest rate is 14% p.a. However, this interest rate is subject to change and students should contact the bank to know about the latest interest rate before they start applying for the loan.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1700486580978\"><strong class=\"schema-faq-question\">What courses are covered under this loan scheme?<\/strong> <p class=\"schema-faq-answer\">The courses covered under this loan scheme are mentioned below<br\/>-MBBS\/ BDS\/ B.V.Sc.<br\/>-BPT\/ B.Pharm\/ BOT<br\/>-B.Sc (Agri)\/ B.E. (Agri. Engg.)\/ M.Sc (Agri.)<br\/>-B.Coop.\/ M.Coop.\/ B.E.\/ B.Tech\/ B.Arch\/ M.E.\/ M.Tech.<br\/>-MCA\/ B.Sc. (Computer Science)<br\/>-BBA\/ MBA\/ BBM\/ MBM, etc.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1700486622171\"><strong class=\"schema-faq-question\">What is the maximum amount of loan available under TNSC Bank education loan?<\/strong> <p class=\"schema-faq-answer\">The bank provides a maximum of INR 3 Lakhs as an education loan for study abroad purposes or the bank may also offer the option to cover 95% of the expenditure towards the entire course of study of the student, whichever is less in that particular case.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1700486628426\"><strong class=\"schema-faq-question\">What expenses are covered under this loan scheme?<\/strong> <p class=\"schema-faq-answer\">The bank provides either a maximum of INR 3 Lakhs or covers 95% of the expenditure of the entire course of study, whichever is less. You can choose either one of them as per your requirements.<\/p> <\/div> <\/div>\n\n\n\n<p>This blog was all about the details regarding the TNSC Bank Education Loan scheme to study abroad. To know more about such loan schemes, the best <a href=\"https:\/\/fly.finance\/international-bank-account\"><strong>international bank accounts for students<\/strong><\/a>, forex and banking experience for global students, or <a href=\"https:\/\/fly.finance\/blog\/money-transfer\/\"><strong>international money transfers<\/strong><\/a>, reach out to our experts at 1800572126 to help ease your study abroad experience.<\/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>Recommended Reads:<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-interest-rates\/\"><strong>Education Loan Interest Rates: A Complete Guide<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/smjv-interest-free-education-loan\/\"><strong>SMJV Interest-Free Education Loan: Eligibility, Features, Application Process<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/jain-jagruti-education-loan\/\"><strong>Jain Jagruti Education Loan: Features, Eligibility, Application Process<\/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 c0.315,0.315,0.51,0.615,0.673,1.035c0.123,0.317,0.27,0.794,0.31,1.671c0.043,0.949,0.052,1.234,0.052,3.637 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class=\"wp-block-social-link-label screen-reader-text\">Twitter<\/span><\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Tamil Nadu State Apex Co-operative Bank (TNSC Bank) provides education loans for students interested in pursuing higher education in India or abroad. A lot of students apply for this bank\u2019s loan scheme due to the comprehensive nature of expenses covered and the favourable repayment process. The eligibility criteria to apply for it is also &#8230; <a title=\"TNSC Bank Education Loan to Study Abroad: Know the Details Here!\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/education-loan\/tnsc-bank-education-loan\/\" aria-label=\"Read more about TNSC Bank Education Loan to Study Abroad: Know the Details Here!\">Read more<\/a><\/p>\n","protected":false},"author":26,"featured_media":8297,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-8291","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>TNSC Bank Education Loan to Study Abroad: Know the Details Here!<\/title>\n<meta name=\"description\" content=\"This blog is all about TNSC Bank Education Loan to Study Abroad. 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However, this interest rate is subject to change and students should contact the bank to know about the latest interest rate before they start applying for the loan.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/tnsc-bank-education-loan\/#faq-question-1700486580978","position":3,"url":"https:\/\/fly.finance\/blog\/education-loan\/tnsc-bank-education-loan\/#faq-question-1700486580978","name":"What courses are covered under this loan scheme?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The courses covered under this loan scheme are mentioned below<br\/>-MBBS\/ BDS\/ B.V.Sc.<br\/>-BPT\/ B.Pharm\/ BOT<br\/>-B.Sc (Agri)\/ B.E. (Agri. Engg.)\/ M.Sc (Agri.)<br\/>-B.Coop.\/ M.Coop.\/ B.E.\/ B.Tech\/ B.Arch\/ M.E.\/ M.Tech.<br\/>-MCA\/ B.Sc. (Computer Science)<br\/>-BBA\/ MBA\/ BBM\/ MBM, etc.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/tnsc-bank-education-loan\/#faq-question-1700486622171","position":4,"url":"https:\/\/fly.finance\/blog\/education-loan\/tnsc-bank-education-loan\/#faq-question-1700486622171","name":"What is the maximum amount of loan available under TNSC Bank education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The bank provides a maximum of INR 3 Lakhs as an education loan for study abroad purposes or the bank may also offer the option to cover 95% of the expenditure towards the entire course of study of the student, whichever is less in that particular case.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/tnsc-bank-education-loan\/#faq-question-1700486628426","position":5,"url":"https:\/\/fly.finance\/blog\/education-loan\/tnsc-bank-education-loan\/#faq-question-1700486628426","name":"What expenses are covered under this loan scheme?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The bank provides either a maximum of INR 3 Lakhs or covers 95% of the expenditure of the entire course of study, whichever is less. You can choose either one of them as per your requirements.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/8291","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\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=8291"}],"version-history":[{"count":5,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/8291\/revisions"}],"predecessor-version":[{"id":8336,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/8291\/revisions\/8336"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/8297"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=8291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=8291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=8291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}