|
Vidya Vardhini
Scheme
Purpose:
Pursuit of
studies In India
and abroad
Approved
Courses:
Graduate and
post-graduate
courses in
engineering,
computertechnology,
medicine etc.All
vocational
courses/job
oriented diploma
courses,
recognised by
govt and
universities.Similar
courses pursued
in universities
abroad. Full
time post
graduate
research in any
of the aforesaid
subjects.
Eligibility:
Should be a
citzen of India.
For vocational
training courses
and job oriented
course age of
the individual
should be
between 15-28
years,and 18-30
in case of post
graduate courses
and/or studies
abroad.The
applicant should
have a good
academic record.
For studies
abroad, the
candidate should
have secured
admission in a
particular
university after
having appeared
in the specific
entrance
examinations.
The applicant
should have
secured a
minimum of 50%
marks in the
major subject.In
case of SC/STcandidates
eligibility
norms may be
relaxed.
Amount of
loan:
The loan
could vary
depending on the
specific subject
requirement.For
studies abroad
Rs15 lakhs.For
studies in India
Rs 7.5lakhs
Margin
Upto Rs
4lakhs -nil
For Studies in
India- 5%
For studies
abroad-15%
Repayment
Within 15
years from the
first dateof
disbursement,
including
moratorium
period
Contact :
Delhi Tel:
3312654, 3311557
Bangalore Tel:
2212485, 2271130
Chennai Tel:
8270041, 8276143
Hyderabad Tel:
3315263, 3324487
Kolkata Tel:
2481973, 2485703
Mumbai Tel:
2023020
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|
|
Finance for
Education
Cent Vidyarthi
Scheme
Purpose: Aims
at bringing
Education within the
reach of students
and help them
improve their
prospects in life.
Courses Approved
For pursuing
Graduate/Post-Graduate,
Management/Job-oriented
courses,
Professional Courses
of recognised
Universities /
reputed Institutes,
Computer courses
conducted by NIIT,
APTECH, CMC, C-DAC
with duration of one
year and more.
For pursuing
Post-Graduate course
in Science,
Technology,
Medicine,
Engineering,
Management courses,
Law, Accountancy
leading to Master's
degree or
Post-Graduate
Diploma in
recognised
University abroad.
Eligibility:
|
Should have
consistent
good
academic
record in
previous
examinations
with marks
over 60 % in
10th.&
12th
or first
grade in
other cases.
(For SC/ST
Second class
will be
sufficient).
|
|
Amount of
Loan: |
India |
Upto Rs.7.50
lakh |
|
|
Abroad |
Upto Rs.15
lakh |
|
Margin: |
Up to Rs.4
lakh |
No Margin |
|
|
Over Rs.4
lakh - In
India |
5% |
|
|
Studies
Abroad |
15% |
|
|
( Relaxation
of loans
upto
Rs.50,000/-for
SC/ST ) |
|
Rate of
interest: |
Upto Rs.4
lakh |
PLR |
|
|
Above Rs.4
lakh |
PLR + 1% |
|
|
db
Dena Bank
|
Dena Vidya Laxmi
Education Loan
Scheme
Courses approved
a. Studies in
India :
-
School education
including plus 2
stage.
-
Graduation
courses : BA,
B.COM.,
B.Sc.,etc.
-
Post Graduation
courses :
Masters & PhD.
-
Professional
courses :
Engineering,
Medical,
Agriculture,
Veterinary, Law,
Dental,
Management,
Computer etc.
-
Computer
certificate
courses of
reputed
institutes
accredited to
Dept. of
Electronics or
institutes
affiliated to
university.
-
Courses like
ICWA, CA, CFA
etc
-
Courses
conducted by
IIM, IISc, IIT,
XLRI NIFT etc.
-
Courses offered
in India by
reputed foreign
universities.
-
Evening courses
of approved
institiutes.
-
Other courses
leading to
diploma/ degree
etc. conducted
by colleges
Universities
approved by UGC/
Govt/AICTE/
AIBMS/ICMR etc.
-
Courses offered
by National
Institutes and
other reputed
private
institutions.
[Banks may have
the system of
appraising other
institution
courses
depending on
future
prospects/recognition
by user
institiutions.]
b. Studies abroad
:
-
Graduation:
For job oriented
professional
technical
courses offered
by reputed
universities.
-
Post
graduation:
MCA, MBA, MS,
etc.
-
Courses
conducted by
CIMA- Loanon,
CPA in USA etc.
Eligibility:
The student should
be:
-
An Indian
National
-
Have secured
admission to
professional/
technical
courses through
Entrance Test
/Selection
process.
-
Secured
admission to
foreign
university/Institutions.
Amount of loan:
Need based
finance subject to
repaying capacity of
the parents/students
with margin and the
following ceilings.
-
Studies in India
- Maximum
Rs.7.50 lacs.
-
Studies abroad -
Maximum Rs.15
lacs.
Margin :
Inland (studies
in India)
Upto Rs. 4 lacs
: Nil
Above Rs. 4 lacs :
Studies in India :
5%
Studies Abroad
: 15%
-
Scholarship/assistantship
to be included in
margin.
- Margin may be
brought in on
year-to-year basis
as and when
dibursements are
made on a pro-rata
basis.
Rate of Interest
:
Upto Rs.4 lacs : PLR
Above Rs.4 lacs :
PLR + 1%
Period of loan:
Repayment holiday/
Moratorium : Course
period + 1 year or 6
months after getting
job, whichever is
earlier.
The loan to be
repaid in 5-7 years
after commencement
of repayment. If the
student is not able
to complete the
course within the
scheduled time,
extension of time
for
Completion of course
may be permitted for
a maximum period of
2 years. If the
student is not able
to complete the
course for reasons
beyond his control,
Sanctioning
Authority may, at
his discretion,
consider such
extensions as may be
deemed necessary to
complete the course.
-
The accrued
interest during
the repayment
holiday period
to be added to
the principal
and repayment in
Equated Monthly
Instalments(EMI)
is fixed.
-
1% interest
concession may
be provided for
loanees if
interest is
serviced during
the study period
when repayment
holiday is
specified for
Interest/repayment
under the
scheme.
-
PROCESSING
CHARGES : No
processing/upfront
charges are
charged by the
bank on
Educational
loans.
Contact :
Delhi Tel: 5724837,
5730400
Bangalore Tel:
6345563
Chennai Tel:
4310542, 4330438
Hyderabad Tel:
5505081
Kolkata Tel:
2472278, 2473860
Mumbai Tel: 2181231,
2189155
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|
pnb
|
Punjab National Bank
|
Vidya Lakshyapurti
Education Loan Scheme
Purpose
PNB's Education Loan
Scheme is designed
to provide better
educational
opportunities to
bright and needy
students and brings
within their reach
all types of
education
(general,professional,technical
and vocational
courses).
The scheme enables
all types of needy
students
(viz.students of
plus 2
stage,graduation
courses, post
graduation courses,
Masters & Ph.Ds,
professional,
technical ,
engineering,
medical, veternary,
law, dental,
management,
computer, vocational
courses, courses
like ICWA,CA,CFA,
courses conducted by
IIM,IIT,IISc,NIFT,
courses offered in
India by reputed
foreign universities
and all other types
of courses offered
by
Govt./Semi-Govt/private
institutions in
order to meet the
costs for their
studies in India and
abroad. Such courses
would include
regular, part time
and correspondence
courses. The costs
include admission
fees, books &
stationery,
instruments required
for the course,
monthly fees,
examination
fees,insurance
premium for policy
on life of the
borrowing
student,caution
deposit/building
fund/refundable
deposit supported by
bills/receipts,
expenses like study
tours/project
work/thesis etc.
required to complete
the course, boarding
and lodging
expenses, and travel
expenses/passage
money including air
fare for joining the
course abroad.
Eligibility
1) Indian nationals,
in the age group of
16-40 years.For part
time computer
courses, applicants
in the age group of
16-45 years are
eligible. Applicants
whose guardians have
been appointed by
the court, should
not be less than 21
years; such students
should have already
passed atleast one
public examination.
2) Students who have
scored pass marks in
their last
qualifying
examination and have
secured admission in
the courses
mentioned above.
3) The
parents/guardian
should have regular
source of income to
the extent that they
are able to repay
the loan in case of
need/unforeseen
circumstances.There
is no stipulation of
ceiling on annual
income of the
parents/guardians.
4) Employed persons
intending to better
their prospects can
also avail loan for
improving their
educational
qualifications
and/or receive
training in modern
technology in India/
abroad provided the
education/training
received by them in
India/abroad affords
prospects for their
better
employment.For such
persons, 'NO
OBJECTION
CERTIFICATE' from
their employers is a
pre-requisite.
Amount of Loan
This is co-related
to expenses involved
in taking up the
course and the
expected earnings
after qualifying,
subject to a maximum
of:
For studies in
India:
Rs. 7.50 lacs
For studies abroad
Rs.15.00
lacs
In case of part time
computer courses,
the extent of loan
should not exceed
Rs. 50,000/- per
annum or fee fixed
by the particular
institutution (as
per prospectus less
concession,if any),
whichever is less.
.
Rate of Interest
Loan upto Rs. 4
lac
12.00%
p.a. *
Loan over Rs. 2 lac
upto Rs. 15
lac 13.00%
p.a. *
Loan over Rs. 15
lac
15% p.a.*
*This is subject to
change from time to
time.
The Interest shall
be charged at simple
rate from the date
of disbursement till
the commencement of
repayment of loan
and thereafter,
compound Interest
will be charged on
reducing balance
basis. 1/2% interest
concession may be
provided for the
loanees if the
interest is serviced
during the study
period.
Margin
NIL
Period of loan
Principal and
Interest is
repayable in 84
monthly instalments.
Repayment will
commence after two
years of the
completion of
studies by the
borrower or one
month after his/her
getting employment,
whichever is
earlier.
|
|
sboy
|
State Bank of Hyderabad
|
|
Purpose
For pursuing studies in
recognised schools/
colleges/ institutions
to meet: - Tution and
other fees
- Maintenance costs,
books and equipment etc.
- Cost of passage (for
studies abroad)
Eligibility
For School / College
education in India.
a) Minimum second
division (Pass marks for
SC/ST)
b) Parents / guardians
(Including persons
engaged in agriculture /
allied activities having
independent regular
source of income.
Loan Amount
(I) School / College
education in India:
(Upto 6 times the
monthly net (take home)
income of the parents /
guardian. Minimum loan
of Rs. 4,000/- Maximum
Rs. 1lac.
(ii) Technical /
Professional higher
studies in India and
Abroad 90% of the cost
of study, subject to
maximum of Rs. 8lacs.
Margin
10%
Interest Rate
At competitive rates on
reducing balance only.
Please check-up for
latest rates at
your nearest branch
Interest is compounded
at quarterly basis.
Period of Loan
(I) For School / College
Education in India:
Loans to be repaid in a
period of 36months,
commencing immediately
after disbursal, by the
parents / guardian.
(ii) For Technical /
Professional higher
studies in India and
abroad: The loan is to
be repaid is 60 months
after the completion of
the course of securing
job, whichever is
earlier. Regular
periodic repayment as
much as possible should
be made during the
period of study.
Quarterly interest
should be paid
regularly.
(iii) Permitted without
any penalty.
|
|
sbi
|
State Bank of India
|
|
Purpose
You can take a loan for
pursuing studies in
recognised
schools/colleges/
institutions to meet:
|
Loan Amount |
Interest Rate |
|
Loans upto Rs.4
lacs |
SBMTLR presently
12.00 %p.a. |
|
Loans over Rs.4
lacs |
1% above SBMTLR
presently 13.00
% p.a |
* While interest is not
required to be paid
during moratorium
period, payment of the
same before start of
repayment would entitle
you to concession in
interest rate applied
during the repayment
holiday
Repayment of loan
Repayment Holiday -
Course period + 1 year
or 6 months after
getting job, whichever
is earlier.
The loan to be repaid
in 5-7 years after
commencement of
repayment
Prepayments permitted
without any penalty |
|
|
Allahabad Bank
|
|
Purpose
You can avail of the
attractive education
loan scheme if you have
secured admission to or
are already studying in
any of the country's
IIMs or IITs or in any
of the designated
institutes.
Eligibility
You are eligible for the
education loan if you
fulfill the following
criteria: A student who
has secured admission or
is already studying in
any IIM, IIT, Indian
Institute of Science,
Bangalore, Jamnalal
Bajaj Institute of
Management, Mumbai, XLRI
Jamshedpur, Roorkee
Engineering College or
Indian School of Mines,
Dhanbad.
Amount of Loan
The loan will be in the
form of a package which
will cover entire
tuition fees, hostel and
mess charges, library
fees or any other fees /
charges payable to the
institution subject to a
maximum of Rs 2.50 lacs.
Period of loans
Loans repayable In 48
Equated Monthly
Installment (EMI).The
EMI will commence one
year after the
completion of the course
or whenever is
earlier.The interest,
however, will be
realised during the
pendency of the loan on
a quarterly basis.
|
Loan Amount |
Interest Rate |
|
Loans upto Rs.4
lacs (In India) |
12.5% pa, SBMTLR
presently 12.00
%p.a. |
|
Loans above Rs 4
lacs |
1% above SBMTLR
presently 13.5 %
p.a |
|
Tenures:
Minimum of
12 months to
a maximum of
48 months
|
Contact :
Delhi Tel: 3341152
Bangalore Tel: 2261599
Chennai Tel: 8282206,
8230267
Hyderabad Tel: 7637738
Kolkata Tel: 2401529
Mumbai Tel: 4923246
|
|
|
Andhra Bank
|
|
Maximum Amount for India
: Rs 100000
Maximum Amount Overseas
: Rs 500000
Documents to be
submitted: Bank
documents, Academic
records
Interest Rate in
India
Upto 400000 :
12%
Above Rs 400000 : 13.5%
pa.
Interest Rate for
Overseas
Loans Upto 400000 : 12%
Above Rs 400000 : 13.5%
pa.
Collateral and Third
Party Guarantee are
required
Tenures: Maximum
of 5 years
Eligibility: 1st
class marks in previous
exams and selected for
proffesional course
Repayment 1 year after
completion of course or
3 months after getting a
job whichever is
earlier.
When to Apply:
After getting Admission
in college/institute
Time taken to process
documents:
1 Week
Contact:
Delhi Tel: 3350248
Bangalore Tel: 2242932
Chennai Tel: 4991868,
4994294
Hyderabad Tel:
4756023-25
Kolkata Tel: 2471359
Mumbai Tel: 2046160,
2047620
|
|
|
Karnataka Bank
|
|
Eligibility:
Admission approval with
previous satisfactory
academic record.
Maximum Amount for India
: Rs 800000
Maximum Amount Overseas
: Rs 1000000
Documents to be
submitted : Previous
academic record and
admission approval.
Time To Process:
Nearly a Month
Interest Rate
In India:
Upto Rs 200000 : 13.5%
pa
Above 200000 : 15.5% pa
For Overseas
Upto Rs 200000 : 13.5%
pa
Above 200000: 15.5% pa
Collateral and Third
party Guarantee
required.
Tenures: Eight
Years
Repayment: At the
end of completion of the
course.
Contact :
Delhi Tel: 3341426,
3360872
Bangalore Tel: 3350525
Chennai Tel: 5342459,
5342092
Hyderabad Tel: 3202102,
3201029
Kolkata Tel: 2472181,
2475737
Mumbai Tel: 2663725,
2663256
|
|
bob
|
Bank of Baroda
|
|
Period of loans:
5 years
Purpose: Tuition
feesLibrary/Other
institution charges
Hostel/Mess charges
Travel expenses abroad
(one way only)
Amount of loan:
For studies in India:
Rs. 550,000
For studies abroad:
Rs.1.5 million
Interest rate:
Depending on the loan
amount with maximum of
13.77%
Margin Required:
Maximum 15%, depending
on the loan amount. 20%
of the loan amount in
case of abroad studies
Period of loan:
The loans are to be
repaid starting from 6
months after course
completion or 1 year
after getting a job
Contact :
Delhi Tel:
3321562,3325147
Bangalore Tel: '5586137,
5595347
Chennai Tel: '8283652
Hyderabad Tel: '3237760,
3230450, 3230368
Kolkata Tel: '4754047
Mumbai Tel: 2656727
|
|
bob
|
Development Credit Bank Ltd.
|
|
Eligibility
:Repayment 6 months
after completion of
course
Maximum Amount for India
: Rs 500000
Maximum Amount Overseas
: 75 % of the course
fee.
Documents to be
submitted : Marks
list, Income proof of
guardian, evidence for
selection to the
courses, copy of ration
card, details of
admissible expenses.
Time To Process:
1 Week
Interest Rate
In India
Upto Rs200000 : 13.5%
Above Rs200000 : 15.5 %
For Overseas
Upto Rs 200000 : 13.5% ,
Above Rs 200000 : 15.5 %
Collateral and Third
Party Guarantee
required.
Tenures : 3 to 5
years in India and
maximum 4 years abroad.
Contact :
Delhi Tel: 3312675,
3321326
Bangalore Tel: 5595071
Chennai Tel: 8312267-70
Hyderabad Tel: 3202191,
3205764
Mumbai Tel: 2872465
|
|
bob
|
Bank of Rajasthan
|
|
Eligibility: Good
academic records and
selection for the course
Maximum Amount for India
: Rs 150000
Maximum Amount Overseas
: Rs 300000
Documents to be
submitted: Mark
sheet, proof of
admission, proof of cost
of course
Time To Process: A
Forthnight
Interest Rate
In India
Upto Rs 25000:
12.75%
From Rs 25000 to Rs
200000 : 14%
Above Rs 200000 : 16%.
For Overseas
Upto Rs 25000 :
12.75%
From Rs 25000 to Rs
200000 : 14%
Above Rs 200000 : 16%.
Tenures: Till
completion of course
Repayment: 3 to 5
years or earlier.
Contact
Delhi Tel: 5712934,
5729817
Bangalore Tel: 2265436,
2260540
Chennai Tel: 5383416
Hyderabad Tel: 4705920,
4743684
Kolkata Tel: 2201892,
2207912
Mumbai Tel: 2870307
|
|
|
Bank of Maharastra
|
Eligibility:
Should have secure
admission for in
School/College/Institute
Maximum Amount for India
: Rs 200000
Maximum Amount Overseas
: Rs 750000
Documents to be
submitted: Pass
Certificate of Previous
School/University/Institute
Time To Process :
A Fortnight
Interest Rate
India:
13.75%
Overseas: 13.75%
Collateral and Third
Party Guarantee required
Tenures: Maximum
of 5 years
Contact :
Delhi Tel: 3321754
Bangalore Tel: 2264997
Chennai Tel: 4364410
Hyderabad Tel: 7843238
Kolkata Tel: 2203996,
2207122
Mumbai Tel: 2661295,
2652595
|
|
|
Indian Overseas Bank
|
Eligibility:
Should have a good
academic record.
Maximum Amount for India
: Rs 200000
Maximum Amount Overseas
: Rs 600000
Documents to be
submitted : Mark
sheets,addmission
approval,address
proof,photgraph,income
proof .
Time To Process:
1 Week
Interest Rate
In India
Upto Rs 400000 : 12% pa
Above Rs 400000 : 13%
pa.
For Overseas
Upto Rs 400000 : 12% pa
above Rs 400000 : 13%
pa.
Collateral and Third
Party guarantee
required.
Tenures : Maximum
of five years
Repayment:
Maximum after 3 months
of completion of course
or the date of joining
of job which ever
earlier
Contact :
Delhi Tel: 3362003
Bangalore Tel: 2266207
Chennai Tel: 8524142
Hyderabad Tel: 4755324
Kolkata Tel: 2299700
Mumbai Tel: 2182226
|
|
|
HDFC Bank Educational Loans
|
|
Purpose: HDFC
gives loans to students
to partly meet their
educational expenses /
costs for pursuing
specific higher
educational courses at
institutes approved by
HDFC. Loans are given to
students who are
citizens of India. The
student should have a
consistently good
academic record, and
admission to an approved
Educational Institute
for pursuing a
recognized course.
Eligibility:
Students enrolled with
an approved Educational
Institute and desirous
of availing the
education loan can make
an application, with the
earning parent /
guardian being the
co-applicant to the
loan. Currently, new
entrants and existing
students of only select
leading national
educational institutions
are eligible to apply
for education loans.
Please check with your
nearest HDFC Office for
the list of approved
institutions.
Amount of loan:
Loans can be availed
upto a maximum of 90% of
the total cost as
determined by HDFC. The
costs would generally
cover expenses incurred
towards the course fee,
library charges, hostel
and mess charges, cost
of books and equipment.
HDFC lends upto a
maximum of Rs. 2,00,000
on an Education Loan.
The period of the
loan is determined
on the merits of each
case but would not
exceed 5 years. The
repayment can be
accelerated on
completion of the
course, considering the
earning capacity of the
student. HDFC's main
concern is to help
individuals comfortably
repay the borrowed
amount.
Rate of interest
|
Loan Amount
(Rs.)
|
Rate of
Interest - %
p.a.
|
|
Upto
2,00,000
|
14.0
|
Contact :
Delhi Tel: 6103146,
6185944
Bangalore Tel: 2274600,
2219473
Chennai Tel: 8553838
Hyderabad Tel: 3233875
Kolkata Tel: 2478256
Mumbai Tel: 2820282
|
|
|
UCO Bank
|
|
Purpose: The
scheme extends a helping
hand to a meritorious
student desirous of
pursuing higher studies
either in India or
abroad.
Courses approved
Studies in India
-
Graduation Courses
in recognised
universities leading
to degrees like
B.A., B.Sc, B.Com,
B.Tech, B.E., MBBS
etc.
-
Diploma/Certificate
courses from
recognised
universities or
Govt. recognised
institutes in
disciplines of
Engineering,
Medicine,
Agriculture,
Computer, Tourism,
Hotel Management and
such other
technical/professional
courses.
-
Chartered
Accountancy and Cost
& Work Accountancy
from the Institute
of Chartered
Accountants of India
and Institute of
Cost & Works
Accountants of India
respectively.
Post Graduate
Courses leading to
degrees like M.A.,
M.Sc., M.E., M.Tech,
MBA, M.S. M.D. etc.
-
Post Graduate
Research studies in
Pure & Applied
Sciences, Economics
and other Social
Sciences etc. in a
recognised
university leading
to Doctoral Degree.
Studies Abroad
Full time Post Graduate
or Doctoral Programmes
in Engineering,
Medicine, Technology
(Pure & Applied
Sciences), Agriculture,
Computer Science,
Business Administration,
Economics and other
Social Sciences.
Amount of loan
Actual Loan Amount will
be determined as per
requirements of the
student subject to
maximum of Rs.4 lakh.
The loan amount under
the scheme would
consider meeting the
following expenses:
-
Course Fees
-
Hostel/Boarding Fees
-
Cost of
Books/Journals
-
Stationery &
Equipment required
for the course
-
Examination Fees
-
In addition to
above, for studies
abroad, cost of air
passage may be
considered if
requested by the
student.
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IDBI Bank
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Purpose
IDBI has structured a
loan facility for
Professional /
Management / Foreign
University education.
Courses approved
Indian Universities
For Professional Courses
i.e. B.E., B.Tech.,
M.B.B.S. Post Graduate
Courses i.e. M.E.,
M.Tech., M.S., M.D.,
M.B.A., M.C.A., etc.
recognized by AICTEFor
part time / on-line
distance learning
courses (subject to
terms & conditions)
Foreign Universities
For Graduate/Post
Graduate/Research/Doctorate
studies that insist on
TOEFL, GRE, GMAT scores.
Eligibility
Indian Universities
For Graduate courses :
at least 75% in the +2
stage.
For Post Graduate
Courses : first class
graduates.
Foreign Universities
Proof of TOEFL, GMAT,
GRE score card, and 1-20
admit card.
Age of the applicant
should not be more than
30 years for Indian
Universities and 35 for
Foreign Universities.
Age of the parent /
Guarantors should be
below 55 Years. The
annual income of the
family should not be
less than Rs. 3 lakhs.
Amount of loan
For Indian
Universities, actual
tuition and other fees,
but not exceeding Rs. 5
Lakh for the entire
duration of the course.
For Foreign
Universities,
considering that in
addition to fees, there
are travel / preparatory
expenses, the loan
amount shall not exceed
Rs. 15 Lakh, in all.
-
Interest rates
-
Long term Prime
Lending Rate + 1%
p.a. + taxes
-
Processing Fees: Rs.
1000 at application,
and Rs. 500 p.a.
thereafter
-
Cost of
documentation /
legal expenses at
actuals
Period of loans
-
Graduate Studies:
Maximum moratorium
period of 5 years
including the actual
duration of the
course. After which
the loan should be
repaid within the
next 3 years.
-
Post Graduate
Studies: Moratorium
period of 2 years
i.e. the course
duration. Loan
repayment within the
next 3 years.
-
No prepayment
penalties levied
-
In fact, there are
incentives for
prompt repayment.
Like refund of the
entire processing
fee, if not a single
installment is
missed/delayed.
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Vijaya Bank Educational Loan
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Eligibility: For
studies in IndiaA
student of Indian
Nationality is eligible
to apply for the loan
provided he/she has
secured admission to the
institution/college/university.
Approved courses:
Full time courses
(Diploma, Teachers'
Training, graduation or
Post graduation and
Doctorate studies) in
all branches of
medicine, engineering,
agriculture, CA/ICWA/ACS,
Computer Science,
Architecture, Business
Administration, Law,
Arts, Science, Commerce,
Hotel Management,
Nursing and Pharmacy
(except Foreign
University Degree
courses offered in
India)
Amount of loan:
The bank provides a loan
of Rs.10000/- for a
student's education at a
junior college;
teacher's training
course and other
short-term courses that
are approved by the
Government.Loans worth
Rs.50000/- are also
offered to students who
wish to do a polytechnic
course/computer course,
or desire to pursue
graduation/post-graduation
in any discipline, such
as arts, commerce,
science, pharmacy,
agriculture &
fisheries.A maximum
amount of Rs.4 lakhs for
graduation/post-graduation
in engineering,
architecture, dental
science, medicine,
chartered/cost
accountancy & business
administration courses,
offered by a reputed
institution.
Margin: No margin
for loans up to and
inclusive of Rs.25000/-
and a minimum margin of
25% for loans above
Rs.25000/-
Repayment:
Repayment of the loan
commences from the 6th
month after the student
completes his/her course
or the 3rd month of
securing a job,
whichever is earlier.
The loan is to be repaid
within a maximum period
of 6 months depending
upon the repayment
capacity.
For studies abroad :
Eligibility:
Meritorious students who
have been selected for
any course in foreign
universities are
eligible to avail of the
foreign education loans.
Amount of loan:
The bank provides Rs.
10,00,000/- as a loan
for his/her education at
a foreign university.
Margin: 25% (To
be brought pro rata as
and when disbursements
are made)
Period of loan:
The loan is repayable in
60 monthly installments.
Repayment of the loan is
to commence 6 months
after the student
completes the course or
completion of 3rd month
after securing a job,
whichever is earlier.
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Catholic Syrian Bank
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Eligibility:
Minimum age 21 years
having 60% marks
throughout and have
admission approval.
Maximum Amount for India
: Rs 500000
Maximum Amount Overseas
: Rs 500000
Documents to be
submitted : Academic
Records and admission
approval.
Time To Process:
1 Week
Interest Rate
In India
Upto Rs 200000 : 14% pa,
Above Rs 200000 : 16%
pa.
For Overseas
Upto Rs 200000 : 14%
pa,
Above Rs 200000 : 16%
pa.
Collateral needed if
loan is above Rs 25000
Third Party Guarantee is
also required.
Age : Between 21
years to 65 years.
Tenures: Maximum
40 months
Repayment:
Maximum after 3 months
of completion of course
or the date of joining
of job which ever
earlier
Contact
Delhi Tel: 3715951,
3328747
Bangalore Tel: 8462878
Chennai Tel: 8526397,
8520125
Hyderabad Tel: 3203112,
3202985
Kolkata Tel: 2381455,
2482713
Mumbai Tel: 2660239,
2665641
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Indian Bank
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For Studies in India
- Scheme Highlights
Purpose: To meet the
cost of education
covering tuition fees,
Exam fees, Development
fees, Hostel fees,
books, instruments etc.
Approved courses:
Computer
Courses | | | | |