By Admin 
If you are also dreaming of becoming a lawyer and thinking of studying LLB, but there is a worry about fees and expenses, then there is good news for you. Almost all the major banks and financial institutions of the country offer education loans for professional courses like LLB. With this loan, the burden of your studies can be reduced to a great extent. Let us know how much loan can be found to do LLB, which expenses cover and what are the rules for repayment.
How much can I get a loan?
If you are doing LLB from a recognized university or law college in India, then you can get an education loan of up to Rs 10 lakh. This loan meets your fees, living expenses, books and other studies related to studies.
What are the expenses involved?
According to reports, education loans include not only college fees, but hostel expenses, books, laptops, uniforms, library and lab fees, even the expenses of movement for abroad.
How to repay the loan?
The rule of repaying education loan is very easy. You do not have to pay any installment (EMI) while studying. The process of repaying the loan starts 6 to 12 months after the end of the studies. This is called ‘Moretorium Period’. After this, you can gradually repay the loan in the form of EMI from 5 years to 15 years.
What will be the necessary documents?
Documents like college admission letter, fee structure, Aadhaar card, PAN card, parents’ income proof and bank statement are sought for education loan.
Things related to interest and guarantee
Loans up to Rs 4 lakh usually do not require any guarantee. Whereas, guarantor or security may have to be given in loans of more than Rs 7.5 lakh. Interest rates are according to the bank.
Also read: Delhi Metro’s mega plan for UPSC exam, trains will run on these routes from so at this morning
Education loan information:
Calculate Education Loan Emi