BOM Goes Online for Education Loan
On the eve of the New year Bank of Maharashtra has launched online sanction of Education Loans
Tweet-- On the eve of the New year Bank of Maharashtra has launched online sanction of Education Loans.
With a view to provide impetus to education, quick financing to the younger generation, the Bank has launched an On-line sanction of Education loan through its select branches across the country. Any student can apply for education loan by logging on to the Bank's website and submitting the application online. The student will get auto reply and sanction in principle On- line. The student can avail the loan after completing the formalities at the concerned branch.
Under Education loan scheme, a student can avail upto Rs.10.00 lacs for studies in India and upto Rs.20.00 lacs for studies abroad.
Bank of Maharashtra with its motto- 'One family One Bank' takes up this task of providing an opportunity to the family for providing education to their children.
Coincidently, this has come at a time when the Honorable Prime Minister on Friday the 28th December 2007 termed the 11th year plan as 'India's educational plan'.