InvestorQ : Do banks offer an education loan in foreign exchange? I need to pay in dollars for my studies, but the bank is in India.
Gauravi Patel made post

Do banks offer an education loan in foreign exchange? I need to pay in dollars for my studies, but the bank is in India.

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Anusha Savla answered.
2 years ago
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The loan availed by the student is paid to the educational institution directly in the local currency (Dollar/Pounds/Euro etc.). The lender may charge an additional currency conversion fee as per RBI regulations on the loan amount disbursed.

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image
Anusha Savla answered.
2 years ago
Follow

The loan availed by the student is paid to the educational institution directly in the local currency (Dollar/Pounds/Euro etc.). The lender may charge an additional currency conversion fee as per RBI regulations on the loan amount disbursed.

1 Views