Bank of Maharashtra Educational Loans |

Bank of Maharashtra
Website :

Bank Type : NationalisedBank

Abroad Courses

* Graduation : For job oriented professional/ technical courses offered by reputed universities.
* Post graduation : MCA, MBA, MS etc. Courses conducted by CIMA – London, CPA in USA etc.

Provided study loan amount in India : Upto 10 Lakhs

Provided study loan amount in Abroad : Upto 20 Lakhs

Eligibility :

You should be an Indian National.You should have secured admission to professional / technical courses through entrance test / selection process.You should have, secured admission to foreign university / institutions.

Coverage :

Tuition fees, hostel expenses, purchase of books/ equipments/ instruments etc. Travel expenses for studies abroad & other essential expenses.


There is no margin up to Rs.4.00 lac.For loans above Rs.4.00 lac.Forn India : 5%;For studies abroad : 15%;This may include own contribution as well as scholarship.

Processing Fee : Nil

Re-Payment :

You get a repayment holiday of one year after completion of the course selected or 6 months after getting a job (after which your repayment will start).The loan is then to be repaid in 5 years after commencement of repayment.

Security :

No security required upto Rs.4.00 lac loan.Above Rs.4.00 lac securities are required to be furnished as under either singly or in combinations-Government securities, public sector bonds.Units of UTI, Shares (as per our approved list from time to time), Debentures.L.I.C. Policies.NSCs/KVPs, Banks own deposits.Mortgage of land and Building.The eligible securities are as above. However terms apply. Value of collateral security after providing requisite margin, as stated above should be equal to the Quantum of finance.

Documents :

Proof of being an Indian national i.e., School Leaving Certificate.Letter confirming selection through Entrance Test.Letter confirming admission to foreign university/institutions.Brochure of the educational institution stating the amount of fees charged.

If you have questions, please ask below


  1. urmode dnyaneshwar says:

    how much day procceing



  3. sumit says:

    I want education loan for merchant navy

    • Ashwini Nandgaonkar says:

      I want loan for pilot training. but 20 lakh is not enough. If i m taking loan from one bank can i take it from other bank also? please reply..
      Thank You!

  4. surabhi shivaji mahakal says:

    Sir I required educational loan for B.E (Comp.Engg I.T) Degree.I got 71.66 % marks in 12th Science.Now I am waiting for CET result.But i required loan form bank of Maharashtra kasarwadi for Degree.Is it possible.

  5. Rushikesh B Waghmare says:

    sir i want educatio lone for my last year of BE (electronic.engg.).I got 67% in my last year examinatio.I required lone from bank of maharashtra of 50000/- Rs. Can you please tell me the full information about procedure,margin,intrest,duration of repay.

  6. gaikwad pramod says:

    how much u r able 2 give loan?

  7. sumit khare says:

    i want to education loan fpr merchant navy….pls rpl me soon.

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