Hi

I am planning to go abroad for my masters. For that, I want to apply for the educational loan from the bank. I have some savings (from my previous job). So before applying for a loan, I have some questions regarding educational loans:

• Which bank should I choose for applying for a loan?
• How is the Rate of Interest is calculated?
• What is the repayment period? Is it flexible or fixed?
• What are the penalty provisions in case of default repayment?
• What are the additional benefits I get along with the educational loan?