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Now banks can provide loans to study from home, know how it will be possible?

The India Print 2020-08-01 22:50:10

The school has gone online due to Corona Pandemic. In view of this, now the bank of the state is considering a new loan for online education for students. Discussions of online education loan have  also started, under which the bank is now   considering higher education loan for online courses being conducted by colleges and universities . Through which students will now be able to take a loan for higher education to study from home. Explain that  some private banks have tie-ups with online portals. Indian Bank Deputy General Manager M Aruna said that the  institute is considering how a student can apply if they want to apply for online courses. He said that  fees should be reduced for fully online classes  . There itself Bankers say that "Along with digital education, we  will also have to prepare education loan policies. Bankers say  the fees for online classes should now be lower than the on-site fees due to campus closures.

 Canara Bank Deputy General Manager S Kanimozhi said that  regular class fees are higher than online class fees  as it includes classes, exam fees. Canara Bank  said that we will also have to see which course is beneficial for these students and which is not , for the loan from the students home  . IIT-Madras has started online classes for BSC Programming and Data Science courses and has  started discussions with State Bank of India. IIT Madras  Professor Andrew Thangaraj said,  “We are engaged in informal discussions with SBI,  which has a branch in our campus. We have received positive response from the bank for home loan  .

According to the information,   some online institutions have also tied up with private institutions. Upgrade co-founder and managing director Mayan Kumar said that he has tied up with Kotak Mahindra Bank  for PG Diploma courses  in Data Science and Machine Learning . Kotak Mahindra Bank is offering education loan  for our academic program  . Hari Krishnan Nair , co-founder of Great Learning,  said that online payment of enrollment has seen a 50% increase since March this year. "He said" we have  partnered with ICICI Bank to give loans to our students in May  . We are also in talks with Bank of Baroda and Union Bank '.