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Are you a brilliant student wishing to pursue higher studies but do not have enough resources? Well, there is nothing to worry. A good number of nationalized and other banks in India have come up with diverse schemes for providing financial assistance to young scholars, to enable them to fulfill their dreams. According to the RBI guidelines, for studies within the country the ceiling of the loans provided is approximately Rs. 7.5 lakhs, while it is Rs. 15 lakhs for higher studies abroad.Banks has been directed by the RBI to lower Interest rates for educational loans as per these guidelines.
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