Yes Bank Education Loan

Interest Rate	Grace Period	Margin Money
11.25% – 12.75%	Course Period + 1 Year	15%

Table of Contents:

1. Yes Bank Abroad Education Loan
2. Yes Bank Education Loan Interest Rate
3. Documents Required for Yes Bank Abroad Education Loan
4. Frequently Asked Questions

Studying abroad is one of the most valuable investments for a bright future. However, the cost of education can be overwhelming to manage alone. Yes Bank offers education loans for students pursuing studies in India and abroad. It offers flexible loan options, competitive interest rates, and quick application process.

Yes Bank Abroad Education Loan

Yes Bank offers education loans to students planning to study abroad, covering tuition fees, travel expenses, and living costs. The key features of Yes Bank abroad education loan are:

Particulars	Details
Loan Amount	Up to INR 1.25 Crore
Repayment Period	Up to 15 Years
Processing Fee	Up to 2% of the Loan Amount
Tax Benefits	Under Section 80E of the Income Tax Act
Eligibility	Must have a good academic record and completed 10+2 or Graduation Must have a Co-signer / Guarantor (if necessary) Must have proof of admission

Yes Bank Education Loan Interest Rate

Yes Bank offers education loans at competitive interest rates abroad to help students finance their studies. The interest rate varies based on the loan type, secured or unsecured. However, the applicant’s academic background, course of study, co-applicants’ financial profile, and credit score can also affect interest rates. Yes Bank education loan interest rates are 11.25%-12.75%, depending on the type of loan.

Documents Required for Yes Bank Abroad Education Loan

Before applying for a Yes Bank abroad education loan, ensure you have all the right documents. The documents required are:

Documents	Details
Proof of Identity	Aadhar Card PAN Card Passport
Proof of Address	Utility Bills Aadhar Card Passport
Academic Records	10th and 12th Results Graduation Results (if applicable)
Proof of Admission	University Admission Letter
Financial Statements	Bank Statements Income Tax Returns (ITR) Salary Slips
Co-Applicant / Guarantor (If applicable)	Proof of Identity Proof of Address Income Proof

Frequently Asked Questions

Who is eligible for a Yes Bank abroad education loan?

The student must be an Indian citizen and have secured admission to a recognized institution abroad. The student must have passed 10+2 or Graduation (whichever is applicable) and must have a co-signer / guarantor (if required).

Is there any processing fee for a Yes Bank abroad education loan?

Yes, the Bank charges 2% of the loan amount for education loans above INR 7.5 lakhs. There is no processing fee if the loan amount is below INR 7.5 lakhs.

When do I start repaying the Yes Bank abroad education loan?

Yes Bank gives you a 12-month moratorium after you complete your course. After the moratorium period, you can repay your loan for up to 15 years.

Does Yes Bank offer tax benefits on abroad education loans?

Under Section 80 (E) of the Income Tax Act, the borrower can claim a tax deduction on their abroad education loan.

How do I fill out the Yes Bank education loan online?

To complete the Yes Bank education loan application, apply online or visit the nearest Yes Bank branch. For a hassle-free application process and expert guidance, you can also seek assistance from Nomad Credit for free.