Showing posts with label Education Loans. Show all posts
Showing posts with label Education Loans. Show all posts

Vysya Bank Student Education Loans

On this page, we have tried to list all the major information on education loan provided by Vysya Bank. However, if you encounter any discrepancy in the information about Vysya Bank Student loans, do write to us. We welcome any kind of feedback that would improve the quality of the site, a site that strives to provide the best information on Vysya Bank Study Loans.
Introduction: The Vysya Bank was established in 1930, at Bangalore by few eminent visionaries who wanted to provide banking facilities to the underprivileged. In 1948 Vysya Bank achieved the status of a "scheduled" bank. Over time, Vysya Bank grew in stature to become the largest private sector bank in 1985. Presently the bank has a network of over 300 branches spread all over India. In October 2002, the bank amalgamated with a leading global financial organization of Dutch origin named ING.
Since then the erstwhile Vysya Bank Limited is being known as ING Vysya Bank Limited. ING Vysya provides educational loans to meritorious students for assisting them in their pursuit of higher studies whether in India or abroad.For availing the facility of study loan provided by the ING Vysya bank, a candidate needs to provide certain documents. The past academic records, approval for admission to the desired course, proof of address, proof of income and a brief introduction about the candidate needs to be submitted for the application of educational loan.
Amount of Loan:
The amount of loan provided by the ING Vysya Bank vary with the types of courses to be pursued. However the amount that is lent by the bank can be broadly divided into two categories. The details are:
• For Studies within India - A maximum loan of Rs.7.5 Lacs is provided to candidates pursuing higher studies within India.
• For studies Abroad - The loan amount for pursuing higher studies abroad can at most be Rs. 15 Lacs.
Time for processing:
The maximum time required for the processing of the loan is two weeks.
Rate of Interest:
The rates of interest of educational loans provided by ING Vysya Bank can vary from time to time. The present rate of interest is as follows:
• For studies within India: 16.5% rate of interest.
• For studies abroad: 16.5% rate of interest.
Tenures:
The tenure for repayment depends on the course length.
Repayment:
Repayment of loan commences after the completion of the course.
The educational loans provided by the ING Vysya Bank (erstwhile Vysya Bank Limited) offers an amount of money which is equivalent to most other national banks. The security conditions are also not very stringent. Being a private sector bank having global exposure the banking operations are faster compared to many other banks. These facilities may prove advantageous for students who opt for educational loans from ING Vysya banks.

Related Link:  www.ingvysyabank.com/

United Bank of India Education Loans

If you want to pursue higher studies, you can opt for education loans from several banks in India. Even United Bank of India offers loans for the students to meet their educational expenses in India and abroad. If you want to know more about United Bank of India Education Loans, then scroll down the page.
Eligible courses for study in India
There are certain courses which are eligible for United Bank of India education loan.
• Undergraduate, postgraduate, evening and professional courses.
• Various certificate courses in computer which are approved by the Department of Electronics or institutes certified by the universities.
• Various professional courses offered by the reputed institutes like IISC, NIFT, IIM, XLRI, IIT and others.
• Candidates who want to pursue courses like CA, CFA, ICWA may apply for United Bank of India student loan.
• Courses that are conducted by prestigious foreign universities in India.
• Diploma and degree courses offered by various colleges and universities which are approved by any of the following-AICTE, ICMS, UGC, Govt, AIBMS and others.
Eligible Courses for Studying Abroad
United Bank of India also provides financial assistance to meritorious students willing to pursue their higher studies in abroad. Undergraduate courses, Postgraduate courses and various other courses conducted by CPA in USA and CIMA in London are eligible for the educational loan offered by United Bank of India.
Expenses Covered by the Education Loan
The loan provided includes the fees payable to colleges or institutions, examination fees and even hostel charges. It also includes the cost of purchasing various articles required for the completion of the course. The passage money and travel expenses are also included in the student loan.
Amount of Loan
Candidates applying for the loan should be Indian nationals and need to secure admission through entrance test or a selection procedure in renowned institutions and universities. The maximum amount of loan granted for study in India is Rs. 7.5 lacs. Students willing to study abroad can get education loan up to Rs.15 lacs. There is no margin up to Rs.4 lacs. For a loan amount above Rs 4 lakh, 5% and 15% are the margins for Inland studies and studies abroad respectively.
Repayment of Education Loan
The time given for repayment of education loans is five to seven years. The repayment commences either six months after one gets employed or one year after the completion of the course whichever seems to be earlier.
Security for Education Loan
Security is required from candidates for
• Up to 4 lacs-No security is required
• Loan above Rs.4 lacs and up to Rs.5.40 lacs- Third party suitable guarantee is required.
• Loan above Rs.7.50 lacs-collateral security or guarantee of third party.
In order to learn more about interest rates and other bank formalities browse through http://www.unitedbankofindia.com/

Vijaya Bank Students Loans india

Students Loans from Vijaya Bank
Vijaya Bank is one of the reputed banks that offer educational loans in India. The main objective of the bank is to provide top quality financial services to its customers. It was established by late Shri. A.B.Shetty with other enterprising farmers on 23rd October, 1931 and became a nationalized bank on 15th April, 1980. Vijaya Bank education loan is offered to the deserving students willing to pursue their higher education in India and abroad. Scroll down the page to learn more about Students Loans from Vijaya Bank.
Candidate's Eligibility
Students, who are Indian national, are eligible to apply for the loan.
Students need to take admission to relevant technical or professional courses through entrance examination or a merit based selection process.
Courses Eligible for Vijaya Bank Student Loan
a. Studies in India
o Vijaya Bank education loan is granted to students willing to pursue full time courses (graduation, post graduation, professional courses, doctorate, computer certificate courses affiliated to university or approved by Department of Electronics), courses offered by foreign universities and part time evening courses.
o Various programs conducted by prestigious institutions like IISc, NIFT, IIT, XLRI and IIM
o Professional courses conducted by the ICFAI National College.
o Various courses like CFA, ICWA, CA and others.
o Programs related to pilot training.
o Courses conducted by M/s. Frankfinn Institute of Air Hostess.
b. Studies Abroad

Vijaya Bank offers education loans to students willing to pursue their higher education in abroad. It provides financial assistance to the students to complete graduation, post graduation and pilot training programs certified by competent authority of a particular nation. It also provides loans to students willing to join the programs offered by CPA in USA and CIMA-London.
Expenses Covered by the Loan
• The education loan helps the students to pay their college, hostel, examination, library and laboratory fees.
• Vijaya Bank student loan also covers the various educational expenses of the students which include travel expenses, cost of books and other necessary articles, refundable deposit, caution money, building fund and also issues DD in favor of CET cell.
Amount of Loan Offered by Vijaya Bank
The maximum amount of loan granted by Vijaya Bank for education in India, is Rs.10 lacs and Rs.20 lacs for study in abroad,
Margin
There is a margin of 5% and 15% (above Rs.4 lacs) for studies in India and abroad respectively.
Security
Vijaya Bank also charges various kinds of security for issuing education loans.
• Loan above Rs.4 lacs to Rs.7.50 lacs -Guarantee of third part (both India and abroad)
• Loan above Rs. 7.50 lacs to Rs.10 lacs(India) and Rs.15 lacs (Abroad)-collateral security.
• Rs. 15 lacs to Rs.20 lacs (Abroad)- collateral security and guarantee of third party.
Repayment of Loan

India-
A loan amount up to Rs.7.5 lacs needs to be paid back within a period of five to seven years. Five to ten years is the time stated for loans above Rs.7.5 lacs.
Abroad-Five
to seven years is the time stated for loans up to Rs.15 lacs. Candidates taking loans above Rs.15 lacs should pay back the sum within a time of five to ten years.

In order to learn more about rate of interest, browse through http://www.vijayabank.com/

Mysore Bank Student Loans

State Bank of Mysore was set up as Bank of Mysore Ltd in 1913, under the patronage of the then Government of Mysore. It became a unit of the State Bank of India in the year 1960. The education loan offered by the State Bank of Mysore is also known as the Gnanamitra Educational Loan. This student loan scheme was launched to meet the educational expenses of the meritorious students in India and abroad. Scroll down this page to learn more about student loans of Mysore Bank.
Eligible Courses
The various courses eligible for State Bank of Mysore education loan are undergraduate and postgraduate courses in areas of Engineering, Dental Science, Architecture, Medicine, Agriculture and Veterinary Science. Computer Certificate Courses are also eligible, if offered by reputed institutes approved by the department of electronics or certified by a university.
Quantum of Loan
The maximum amount of loan offered by the State Bank of Mysore for studies in India and abroad is Rs.10 lacs and Rs.20 lacs respectively. Candidates may even apply online for the State Bank of Mysore student loan.
Margin
There is a margin of 5% for loans above Rs.4 lacs in India. However, it is 15% for the same amount for studies abroad.
Repayment of State Bank of Mysore Education Loan
Candidates are given a time period of 60-84 months for the repayment of the education loan. Repayment commences either one year after the completion of the course or six months after one gets a job, whichever happens earlier.
Security
Various kinds of securities are charged by the State Bank of Mysore for issuing the education loan.
• For Education loans above Rs.4 lacs and up to Rs.7.50 lacs -collateral security
• For a loan above Rs.7.50 lacs and up to Rs.10 lacs - collateral security, guarantee of third party or guarantee of guardians.
In order to learn more about student loans of Mysore Bank browse through http://www.statebankofmysore.co.in/

Student Loans from State Bank of Saurashtra

Several reputed banks offer education loans in India State Bank of Saurashtra also offers education loans to students willing to study their higher education in India and abroad. The education loan provided enables the students to pursue their dream career. If you are looking for education loans to finance your ambitions, then scroll down the page to learn more about Student Loans from State Bank of Saurashtra.
Courses Eligible for Education Loan:
All the courses that offer future employment prospects are eligible for the education loan offered by the State Bank of Saurashtra. The various courses eligible for the education loan are undergraduate programs, postgraduate programs, professional and other kinds of courses, which are approved by the Government, UGC, AICTE or other recognized bodies. 
Expenses to be considered for Loan:
• Fees for schools, colleges and hostels. It also includes fees to be paid for examination, library and laboratory charges. 
• Expenses for purchasing uniforms, books, instruments and equipments. 
• Building fund, refundable deposit, caution deposit, passage money and expenses for traveling abroad to study. 
• Money is also provided for the students to purchase computers and other articles necessary for completing education. 
Amount of Loan:
A maximum amount of Rs.10 lacs and Rs.20 lacs are offered for studies in India and abroad respectively. 
Repayment Tenure State Bank of Saurashtra Education Loan:
Repayment of the education loan starts either 1 year after completing the course or six months after getting employed, whichever seems to be earlier. 
a. Studies in India
o Repayment time offered to the students taking up loan up to Rs. 7.5 lacs is five to seven years. 
o Five to ten years of repayment time is given to those taking more than Rs.7.5 lacs as loan. 
b. Studies in Abroad
o Those taking loan up to Rs.15 lacs are given five to seven years of time for repayment. 
o Five to ten years of time is granted to those taking more than Rs. 15 lacs as loan. 
Security
State Bank of Saurashtra also demands certain securities for granting education loans. 
• No security is demanded for loans up to Rs.4 lacs. (Both India and Abroad) 
• Third party suitable guarantee is required for loans above Rs,4 lacs to Rs.7.50 lacs. (Both India and Abroad) 
• Tangible Collateral Security is required for those taking loans above Rs. 7.50 lacs to Rs. 10 lacs in India. 
• Tangible Collateral Security or third party guarantee is required for those taking loans above Rs. 7.50 lacs to Rs. 15 lacs abroad. 
• Tangible Collateral Security is required for taking loans above Rs.15 lacs to Rs.20 lacs. This security is for studies abroad. 
Margin
There is no margin for loans taken up to Rs.4 lacs. However, there is a margin of 5% for loans above Rs.4 lacs in India (Studies). For studies abroad, 15% is the margin for the same amount. 

In order to learn more about interest rates, browse through http://www.sbsbank.com/

Student Loans from Development Credit Bank Limited

On this page, we have tried to provide all the information on educational loan provided by Development Credit Bank Limited. However, if you encounter any discrepancy in the information about Development Credit Bank Study Loan, do write to us. We welcome any kind of feedback that would improve the quality of the site, a site that strives to provide the best information on educational loan provided by Development Credit Bank Limited. 
Introduction: Development Credit Bank was established about 75 years ago and as a result of India's economic liberalization, Development Credit Bank was transformed into a private sector bank on 31st May 1995. It has a wide network of about 72 regional branches in states like Karnataka, New Delhi, Goa, Tamil Nadu, Haryana, West Bengal, Maharashtra, Gujarat, Andhra Pradesh, and in the two union territories of Dadra & Nagar Haveli and Daman & Diu. 
The Development Credit Bank has about 18,000 ATM's spread all over the country. Till 31st March 2007, DCB's deposit was Rs.4415.20 crores and the advances were over Rs. 2658 crores.DCB is involved in social activities in the areas of health, education and economic development. The CEO and Managing Director of the DCB is Mr. Gautam Vir and he is supported by a board of directors to handle all the operations of the bank. The education loans provided by Development Credit Bank Limited are meant for meritorious students for pursuing higher studies. The maximum time required for the processing of the loan is one week.
Eligibility:
A candidate will be eligible for availing the education loans provided by the Development Credit Bank limited, only if he can repay the loan within 6 months after the completion of courses.
Documents to be submitted:
For availing the facility of education loan provided by the Development Credit Bank, a candidate needs to provide certain documents. Previous academic records, income proof of guardian, proof of selection to the course, copy of ration card and details of admissible expenses needs to be submitted for the application of education loan.
Amount of Loan:
The amount of loan provided by Development Credit Bank vary with the types of courses to be pursued. However the amount that is lent by the bank can be broadly divided into two categories. The details are:
• For studies within India - a maximum loan of Rs. 5 Lacs is provided for studies within India. 
• For studies abroad - a maximum loan of 75% of the course fees is provided for studies abroad.
Rate of Interest: For studies within India - 
• Upto Rs.200000 : 13.5% 
• Above Rs.200000 : 15.5% 
For studies abroad - 
• Upto Rs.200000 : 13.5% 
• Above Rs.200000: 15.5 % 
• Collateral and Third Party Guarantee required 
Repayment period: 
The loan must be repaid within 3-5 years from the commencement of the repayment period, when studies within India are considered.
 If you had taken the loans for studying abroad, it must be repaid within a period of 4 years from the commencement of repayment.The Development Credit Bank Limited is an upcoming bank in the private sector. The development figures of this bank are impressive. The eligibility criteria for application of loan are also not very stringent. Moreover there are no definite eligible courses mentioned for which the loan is applicable. So students will be in an advantageous position if they opt for the educational or student loans offered by the Development Credit Bank.

Related Link: http://www.dcbl.com/

Student Loans from Dena Bank

Dena Bank offers educational loans to meritorious students who aspire for the best of higher education in India and abroad. The education loan offered by this bank is also known as the Dena Vidya Laxmi educational loan. Dena Bank was established by the family of Devkaran Nanjee on 26th May, 1938. The bank aims at providing premier financial services to its customers. It was nationalized in the year 1969 along with thirteen other banks in India. If you wish to know more about student loans from Dena Bank, then scroll down the page.
Candidate's Eligibility
Candidates who have applied for Dena Bank education loan need to meet certain eligibility criteria.
• Applicants who get admission to a professional or technical course in an Indian or foreign university are eligible to apply. They should also be Indian Nationals.
• Mark sheet of the qualifying examination and admission proof are the two documents required for application.
Courses Eligible for Dena Bank Student Loan
There are various courses, which are considered eligible for Dena Bank education loans in India.
Studies in India-
Student loans from Dena Bank are available for candidates willing to join various graduation, post graduation, masters, Ph.D and professional courses.
Studies Abroad-
Various job oriented graduation and post graduation courses are eligible for the education loan offered by Dena Bank.
Quantum of Loan
The maximum amount of education loan offered is Rs.10 lacs (Studies in India) and Rs. 20 lacs (Studies in Abroad) respectively.
Expenses Covered by Vidya Laxmi Educational Loan
Vidya Laxmi loan scheme covers the fees paid for school and hostel charges. It also includes the cost of purchasing books, uniforms, equipments, instruments, computer and other necessary things. The passage fare for students traveling abroad is also covered by the Dena Bank education Loan.
Margin
For education loans above Rs. 4lacs, 5% and 15% are the margins stated for studies in India and abroad respectively.
Repayment of Dena Dank Loan for Education
Candidates are given a time period of five to seven years to repay the loan. The repayment starts either one year after the completion of the course or six month after the candidate gets employed.

In order to learn more about Dena Bank Interest Rates browse through http://www.denabank.com/

State Bank of Mysore Educational Loans

State Bank of Mysore Educational Loans are offered to meritorious students, who want to pursue higher studies. Gnanamitra Educational Loans, as the student loans of State Bank of Mysore are known as, cover the cost of education as well as other expenses related to pursuing the program. The bank also sanctions a second educational loan if the student obtains 60% in the present course of study.
Courses:
Student Loans of State Bank of Mysore are sanctioned for studying several kinds of courses.
• A student is given Gnanamitra Educational Loan if he plans to study a diploma, postgraduate or graduate program.
• These programs can be studied in streams of Engineering, Medicine, Agricultural Science, Architecture, Veterinary Science, Technology and Dental Science.
• Even Computer Certificate programs from a recognized institute are considered eligible for the loan.
Expenses taken into Consideration:
Student Loans of State Bank of Mysore cover tuition fee as well as other costs including that of books and instruments. It also includes maintenance costs as well as travel expenses.
Amount of Loan, Margin and Security:
State Bank of Mysore offers educational loans upto Rs 10 lacs and Rs 20 lacs for studying in India and abroad respectively. However the minimum amount of loan in both the cases is Rs 10,000.
• There is no margin on a loan amount upto Rs 4 lacs.
• For an amount more than Rs 4 lacs, there is a margin of 5% for students studying in India. It is 15% for those studying in abroad.
• An applicant needs to keep a guarantee by 3rd party if he takes an educational loan above Rs 4 lacs.
• If the amount of loans exceeds Rs 7.5 lacs and is upto Rs 10 lacs, you have to offer a collateral security, worth the amount of loan. If a collateral security can not be submitted, there should be guarantee by the parent, 3rd party or the guardian.
Mode of Repayment:
Soon after the loan is disbursed to a student for pursuing higher studies in technical or professional program in India or abroad, the amount can be repaid. The installments, though minimum during the course of study, increases 1 year after the program is completed or the student is employed, which ever is earlier. The loan along with the interest needs to be repaid within 5 to 7 years thereafter. The interest is added on a monthly and simple basis during the moratorium or repayment holiday period.

To know more about the scheme, interest rate or other details of Gnanamitra Educational Loan offered by the State Bank of Mysore, you can click on http://www.statebankofmysore.co.in/

State Bank of Indore Educational Loans India

If you want to pursue higher education in India or abroad, you can avail of the Student Loan scheme or Saraswati Yojana of State Bank of Indore. Also known as Indore Bank, this bank offers several other kinds of personal loan schemes too to cater to customized needs of individuals. As the history goes, State Bank of Indore was earlier named as Bank of Indore Ltd. It acquired its existing name after it's incorporation into SBI as a subsidiary in 1960. You can scroll down this page to know more about State Bank of Indore Educational Loans.
State Bank of Indore Educational Loans

Eligibility:
State Bank of Indore has some guidelines for judging eligibility of the applicants.
• An applicant of a loan under Saraswati Yojana will be considered eligible, if he is an Indian National.
• He should also get admission to a professional or technical course through a selection procedure or an entrance test.
• You can also apply if you get admission to a foreign institute.


Amount of Loan & Margin:
The amount of State Bank of Indore education loan is decided on the basis of the requirement of an individual. The maximum amount of loan for studying in India and abroad is Rs 10 lacs and Rs 20 lacs respectively. For a loan amount above Rs 4 lacs, there is a margin of 5% for studying in India and 15% for studying in abroad.

Repayment and Moratorium:

A student loan amount upto 7.5 lacss and Rs 15 lacss for studying in India and abroad respectively should be repaid in 5 to 7 years after repayment is begun. When the loan amount exceeds Rs 7.5 lacss and Rs 15 lacss in the respective cases, it can be repaid in 5 to 10 years after the repayment is begun. The moratorium extends one year over the course period or 6 months after getting employment, whichever happens earlier.
Security:
For borrowing Student Loan of State Bank of Indore, you should know about the security deposit for various loan amounts.
• If you are studying in India or abroad, you need to submit the guarantee of a 3rd party for a loan amount above Rs 4 lacs. For an amount exceeding 7.5 lacs and upto Rs 10 lacs, you can deposit a material collateral security in keeping with the full amount of loan in case you study in India.
• For studies in abroad and on a loan amount exceeding Rs 7.5 lacs and upto Rs 15 lacs, you need to submit a collateral security or guarantee of a 3rd party and assign the future income of the student for paying installments.
• If you take a loan of above Rs 15 lacs and upto Rs 20 lacs from Indore Bank, you need to submit a collateral security matching the full amount of the loan.

For more information on interest rate and other details related to State Bank of Indore Educational Loans, you can visit http://www.indorebank.org/

State Bank of Hyderabad (SBH) Student Loans India

State Bank of Hyderabad Student Loans are sanctioned to meritorious students, who aspire to pursue their higher education in India or abroad. Apart from its education loan scheme, this bank offers diverse types of loans for personal advances. As the history goes, State Bank of Hyderabad was formed in the name of Hyderabad State Bank in 1941 under Hyderabad State Bank Act, 1941. Its first branch began operations at Gunfoundry in Hyderabad in 1942. This bank was given the existing name when it was taken over by RBI in 1956. Later in 1959, it started functioning as a subsidiary of State Bank of India.

Courses:

State Bank of Hyderabad Student Loans are offered for several kinds of academic programs in India and abroad.
• Education loan can be sanctioned for pursuing school education in India.
• A student can also apply for this loan if he plans to study graduate, postgraduate and doctoral programs in India.
• Professional Courses like Engineering and Medical programs, specialized courses like ICWA, CFA or CA, programs by nationally reputed institutes like IIM and IISc or computer certificate programs of recognized institutes in India can be considered for this loan.
• Even courses by recognized foreign universities, diploma programs sanctioned by the likes of UGC, AICTE and the government in India, can be taken into consideration for sanctioning this loan.
• If you plan to study employment-oriented graduate courses, postgraduate programs like MS or MBA, or courses by CPA in the US or CIMA-London in abroad, you can apply too.
Eligibility:
Only an Indian national can apply for an education loan from State Bank of Hyderabad. The student also should have been admitted to a vocational or professional course on the basis of a selection procedure or entrance test. You will also be considered eligible if you get admission to a foreign institute.
Amount of Loan, Margin & Security:
The amount of loan is decided on the basis of a person's requirement as well as the repaying capability of the student borrower or his parents.
A maximum amount of Rs 10 lacs is sanctioned for studying in India. The amount for studying in abroad is Rs 20 lacs. The bank also has guidelines in regard to the margin and security of its Educational Loan Scheme.
• No amount of margin and security is there for loan amount upto Rs 4 lacs.
• However, for a loan amount above Rs 4 lacs, there is a margin of 5% and 15% if you pursue studies in India and abroad respectively.
• A borrower needs to present guarantee of a 3rd party for a loan amount above Rs 4 lacs.
• When the loan amount exceeds Rs 7.5 lacs, a collateral security of considerable value should be submitted. Or there should a co-obligation of guardian, parents or a 3rd party. Even the future income of the student needs to be assigned for paying the installments.

Repayment:

The student loan obtained from State Bank of Hyderabad can be repaid in a time period of 5 to 7 years after repayment is begun.

To know more about the rate of interest, processing fee or other terms and conditions of State Bank of Hyderabad Student Loans, you can click onThe Link Here

State Bank Of India (SBI) Education Study Loans in India

State Bank of India provides its customers with a variety of personal banking services. SBI, which is actively engaged in Community Services Banking, also offers education loans to students aspiring to continue higher studies. SBI Study Loans are sanctioned only to Indian Nationals. A study loan is sanctioned for studies both in India and abroad. 
Courses Eligible for Education Loans:
A candidate, who applies for a program with prospects of employment, can apply for the loan. Whether you apply for a graduate, professional or postgraduate program or any other course sanctioned by UGC, AICTE or the government, you will be considered eligible for the loan. 
Expenses taken into account:
• The student loan covers school, college or hostel fees as well as cost for buying books and other necessary items. 
• Apart from the library, exam or library fees, even caution deposit, refundable deposit and building fund are considered for the loan. 
• Other expenses, which are mandatory for completing the course, travel expense as well as a maximum cost of Rd 50,000 for buying a 2 wheeler, are taken into account. 
Quantum of Loan & Security:
An applicant is sanctioned a loan of maximum Rs 10 lacs for studying in India and Rs 20 lacs for studying in abroad. On a loan above Rs 4 lacs, there is a margin of 5% and 15% for studying in India and abroad respectively. 
• No security is required for loan amount upto Rs 4 lacs. 
• A borrower should present a 3rd party as guarantee for a loan amount above Rs 4 lacs. However, on SBI discretion, this clause of 3rd party guarantee may be waived off in certain cases. 
• If you borrow a loan amount above Rs 7.5 lacs, you need to offer a material collateral security and assign the future income of the student for paying installments. 
• The guardians or parents of a borrowing student should secure an education loan. 
• If the borrower is married, his or her spouse, parents-in-law or parents can act as the co-obligator. 
Repayment of Education Loan:
The borrower can begin repaying 6 months after getting job or one year after the course is completed, whichever happens earlier. The loan can be repaid in a period of 5 to 7 years. 
Education Loan for ISM students:
Education loans are also offered to the students of ISB. An ISB student can borrow upto 95% of costs. There is also a margin of 5% on the loan amount, which needs to be repaid in 7 years. For detailed information on this loan scheme for ISB students, you can contact the branch at Hyderabad University Campus Branch. 

If you want to know about the interest rates or other details of the Study Loan scheme of SBI, you can click on Link Here

Punjab National Bank (PNB) Educational Loans in india

Students, who are willing to pursue higher education in India or abroad, can count on several kinds of education loans offered by the banks in India. They just need to gather comprehensive information on the scheme of all these loans before approaching a bank with their requirement. Even Punjab National Bank offers personalized educational loans for various kinds of academic programs. The scheme of Punjab National Bank (PNB) Educational Loan is also known as Vidyalakshyapurti. It also includes insurance coverage for the borrowers of educational loans in collaboration with Kotak Mahindra Insurance.
Courses:
Punjab National Bank offers educational loans for graduate and postgraduate programs. A student, who is pursuing a professional course or a vocational course from a recognized body, university or nationally known institute can apply for PNB educational loan as well.
Education Loans are also given for studying certificate or diploma programs.
Eligibility:
PNB-Punjab National Bank  has laid down a set of eligibility criteria for sanctioning the education loans.
•  A student, who is an Indian national, can apply for the loan.
•  An applicant is considered eligible for PNB educational loan, if he gets admitted to a   professional    or vocational course through a selection process or into a foreign institute.
• A student applying for a graduate program can also get the loan if he obtains at least pass marks in     the qualifying exam.
Expenses, taken into account:
The education loan of Punjab National Bank covers the college, school or hostel fee and expenses for buying books, instruments or uniform. It also includes exam, laboratory or library fee apart from money for buying computer, if necessary for pursuing the program. Your travel and lodging expenses will also be covered by the loan. Even Caution Deposit, refundable deposit or building fund and any other cost essential for studying the program will be considered for loan.
Amount, Ceiling, Margin & Security of Loan:
The amount of PNB Loan is sanctioned evaluating the need and the repaying capability of the parent or the student. Additionally, some ceilings and margins are also applied by PNB.
• You can borrow a maximum of Rs 7.5 lacs for studying in India and Rs 15 lacs for studying in abroad respectively.
• Besides, there is a margin of 5% if you borrow above Rs 4 lacs for studying in India. The margin is 15% for studying abroad.
• An applicant needs to present a 3rd party as guarantee for borrowing above Rs 4 lacs.
• If the amount is above Rs 7.5 lacs, the bank asks for a collateral security or guarantee of a 3rd party.
Mode of repayment:
You can repay the principal sum and the interest in a time period of 5 to 7 years after you begin repaying. In case, a student fails to complete his study in the stipulated time period, he will be given an extended time of 2 years in maximum for completing the program.

To know more about the rate of interest and other details of Punjab National Bank (PNB) Educational Loan, you can go to Click Here For Get Details

Punjab and Sind Bank Education Loans

There are several banks which offer education loans in India. Even Punjab and Sind Bank offers education loans for students willing to pursue higher studies in India or abroad. This bank was set up under the aegis of Bhai Vir Singh, Sardar Tarlochan Singh and Sir Sunder Singh Majitha in the year 1908. If you want to avail of Punjab and Sind Bank education loans, then scroll down this page.
Candidate's Eligibility:
Candidates applying for the education loan need to satisfy certain eligibility criteria as specified by the Punjab and Sind Bank
• Applicants should be Indian Nationals
• Candidates will be considered eligible if they get admission to various courses through entrance examination or a selection process based on merit.
Courses Eligible for Punjab and Sind Bank Education Loans:
There are plenty of courses, which are considered eligible for the Punjab and Sind Bank student loan.
Studies in India:
• Various graduation, post graduation and professional courses in the areas of Management, Medicine, Dental Science, Veterinary Science, Agriculture and others. Computer certificate courses offered by renowned institutes approved by the Department of Electronics or certified by the University, are also eligible.
• IIM, XLRI, IIT -courses, evening courses, regular diploma and degree courses as well as courses like CFA, ICWA, CA are eligible for the Punjab and Sind Bank student loan.
Studies Abroad:
Job oriented graduation courses, post graduation courses and courses conducted by CPA-USA and CIMA-London.
Expenses Covered by Punjab and Sind Bank education loans:
The education loan offered by Punjab and Sind Bank covers examination fee, tuition fee, expense of educational tours, hostel charges, cost of purchasing books and refundable deposits.
The loan also includes travel expenses and passage money of students traveling abroad.
Quantum of Finance:
A maximum education loan amount of Rs.7.5 lacs and Rs.15 lacs are offered for studies in India and abroad respectively.
Margin:
There is no margin for loan amount up to Rs.4 lacs. For education loans above Rs. 4 lacs, the margin is 5% (studies in India) and 15% (studies abroad) respectively.
Security:
Punjab and Sind Bank demands various kinds of securities for issuing education loans.
Loans more than Rs.4 lacs- A collateral security
Loans more than Rs. 7.5 lacs- collateral security or guarantee of third party.

In order to learn more about Punjab and Sind Bank Education Loans and interest rates browse through  Visit Official Website

Oriental Bank of Commerce Education Loans

The bank Oriental Bank of Commerce offers education loans for students who want to pursue higher education in India and abroad. This bank was set up on 19th February, 1943 in Lahore. It was founded by the first chairman of the bank Late Rai Bahadur Lala Sohan Lal. Within four years of its establishment, the Oriental Bank of Commerce shifted its base to Amritsar as problems aroused due to partition of India. If you want to know more about education loans from Oriental Bank of Commerce scroll down the page.

Candidate's Eligibility:

Candidates applying for the Oriental Bank of Commerce education loan should be Indian Nationals and not more than forty five years of age.

An applicant will be considered eligible if he takes admission into the recognized courses, which are approved by recognized bodies.

Courses Eligible for Oriental Bank of Commerce Student Loan:

The various courses eligible for the Oriental Bank of Commerce education loan are undergraduate, postgraduate, doctorate, professional and technical courses.

Amount of loan:

The maximum amount of loan offered for education in India is Rs.10 lacs. Students taking admission in foreign institutes and universities may apply for a maximum loan amount of Rs.20 lacs.

Security:

No collateral security is required for education loans up to Rs.4 lacs but co-obligation of guardian or parents is essential. For loans above Rs. 4lacs and up to Rs. 7.50 lacs no collateral security is required for approval. However, co-obligation of either parents or guardians and one third party guarantee is required for the loan. For loans more than Rs.7.50 lacs, mortgage of immovable property or other security (tangible) is required.

Margin:

There is no margin for education loans up to Rs.4 lacs. For education loans above Rs.4 lacs, 5% and 15% are the margins stated for India and abroad respectively.

Repayment Of Loan:

The education loans from Oriental Bank of Commerce should be returned within 84 EMIs. The repayment commences either after six months of getting a job or after one year completion of the course, whichever, seems to be earlier.

In order to learn more about education loans from Oriental Bank of Commerce browse through https://www.obcindia.co.in/

Bank of Baroda Students Loans in India

Bank of Baroda offers education loan to students willing to continue their higher education in India or abroad. The various loan options provided by Bank of Baroda are Baroda Vidya, Baroda Gyan and Baroda Scholar. Scroll down the page to learn more about Bank of Baroda education loan.

BARODA VIDYA:

It is an education loan scheme offered to the parents of students undergoing school education. These loans are provided for studies between Nursery and 12th standard. Processing and documentation charges, margin and security are not required for taking loans under this scheme. However, the candidates are required to meet certain criteria for getting the loans. He or she has to be an India national who resides in India. Students are required to take admission in a recognized school, high school or junior school. The maximum loan amount offered is Rs. 4 lacs.

BARODA GYAN:


It is a loan scheme specially meant for the students pursuing undergraduate, postgraduate, professional and other type of courses in India.

Eligible Courses For Education Loan:

• All undergraduate and postgraduate courses. Loans are also provided for doctorate programs.
• Professional courses in areas like fashion technology, engineering, event management, agriculture, mass communication, medical, architecture, agriculture, hospital management, veterinary, hotel management, interior designing, management and others. Certificate courses in computer offered by reputed institutions certified under the Department of electronics or institutions which are affiliated to universities.
• Programs that are offered by XLRI, IIM, NIFT, IISC, IIT, diploma and degree courses and ICWA, CA, CS, CFA other courses.
• Diploma and degree courses offered by various colleges and universities which are approved by UGC, AICTE, ICMR, Govt., AIBMS and others. 
• Courses, which are conducted by renowned foreign universities in India.
• Evening courses offered by institutes, which are approved by reputed associations or courses, which are conducted by reputed national and private institutions.

Eligibility Required for Students:

Students should be Indian nationals residing in India. Applications will be considered eligible for the loan if they have received admission through entrance test for merit based selection procedure. The maximum loan offered is 10 lacs.

BARODA SCHOLAR:

It is offered to the students willing to go abroad for pursuing their technical and professional studies. The various courses eligible for this loan are graduate, doctorate, post graduate, technical courses and professional courses offered by renowned universities. Candidates seeking loans need to be Indian Nationals. The maximum amount of loan offered is Rs. 20 lacs. 

In order to learn more about rate of interest and required documents browse through http://www.bankofbaroda.com/

Indian Bank Learning Education Loans in India

With the boom in banking sector in the recent past, several banks offer education loans in India these days. Indian Bank is no exception and offer education loans to students interested to pursue education in India or abroad. Gather information on learning loans: Indian Bank from this page and pursue your dream education.

Course:

Indian Bank learning loan is offered for a number of courses.
• You can apply for the education loan of Indian Bank if you want to pursue a graduate, diploma or post graduate program.
• The loan is also sanctioned for studying computer certificate courses of recognized bodies, which are accredited to the Department of Electronics.
• If you plan to study employment-oriented vocational or professional course, a program of CPA in the US or CIMA-London or specialized programs like MBA or MCA, you can apply for a loan in Indian Bank.

Eligibility:

Learning Loans are offered by Indian Bank to only Indian Nationals. The applicant should get admission to a professional or vocational course through a selection procedure based on merit or entrance test. The student will be considered eligible for studying in India if aged 15 to 30 years. A student should be aged between 18 to 35 years, if applying for studies abroad.

Expenses taken into account:

The educational loan covers insurance premium for the student as well as caution deposit, refundable deposit or building fund up to 10%. The educational cost of the course including travel expense, cost of essential purchases and fee of college, hostel, school and exam are taken into consideration.
Amount of Loan and Repayment:
You can borrow an education loan of maximum Rs 10 lacs for studying in India whereas a maximum amount of Rs 20 lacs can be borrowed for studying in abroad. The amount may increase in special cases.
• For loans above Rs 4 lacs taken for studying in India and abroad, there is a margin of 5% and 15% respectively. The loan can be repaid in 5 to 7 years.
• If you borrow a loan of above Rs 4 lacs, then you should provide the bank with a guarantee of a 3rd party.
• If the amount borrowed is more than Rs 7.5 lacs, then the co-obligation of parents or guardian of the student along with a collateral security need to be guaranteed.

The future income of the student also needs to be assigned for paying the installments.
To know more about the learning loan scheme of Indian Bank, you can click on
http://www.indian-bank.com/

Karnataka Bank Education Loans in india and Karnataka.

Karnataka Bank Education Loans

Karnataka Bank Ltd offers several kinds of personalized services and customized products to its customers. Among the various kinds of loans available with this bank, Vidyanidhi Education Loan Scheme is a well-sought one. Karnataka Bank Education Loans are offered to deserving students who want to pursue higher studies in India or abroad. 

Courses:

Vidyanidhi Education Loan Scheme is applicable for studying various kinds of courses. 
• You will be considered eligible for the loan if you study graduate, postgraduate or doctoral program in India. 
• An applicant can also study diploma program in engineering or professional course in Engineering, Law, Hotel Management, Dental Science, Pharmacy, Agriculture, Management, Medicine, Physiotherapy, CFA, CA or ICWA in India. 
• Academic programs by recognized foreign universities, recognized national bodies or reputed institutes like IIM, XLRI, and others in India will also be considered for loan. 
• Even other diploma or degree programs certified by UGC, AICTE, ICMR, AIBMS or Government in India are considered eligible for the loan. 
• If you study employment-oriented graduate program or post graduate program like MS, MBA and MCA or other courses of CPA in the US or CIMA-London abroad, you can apply for the loan. 

Eligibility of Candidate:

• A student needs to be an Indian national to apply for Karnataka Bank Student Loan. 
• He should get admission to a professional, technical or other kind of program either in India or            abroad 
• The applicant needs to be an adult or a minor student represented by his guardian or parent. 

Amount of Loan & Margin:

You can apply for a maximum loan amount of Rs 7.5 lacs for studying in India. For studying abroad, you can apply for a maximum amount of Rs 15 lacs.
If you take a loan of above Rs 2 lacs, there is a margin of 25%. 

Expenses taken into Account:

Karnataka Bank Student Loan covers several kinds of expenses related to an academic program. Tuition fee, cost of books and other study materials, travel expenses and lodging expense and several other costs are included in the loan. Even fees for exam, library and laboratory as well as caution deposit, refundable deposit and building fund are covered by loan. All other expenses, which are essential for completing the course, are taken into account. 

Repayment and Security:

You can repay the loan in 5 to 7 years after repayment is begun. 
• Apart from the parent or guardian jointly taking the loan, there should be a guarantor having               networth equal to the loan value for borrowing a loan upto Rs 2 lacs. 
• If the loan amount exceeds Rs 2 lacs, a parent or guardian should jointly take the loan and a                 collateral security equal to the loan amount should be submitted. 

For more about the loan holiday and interest rates of Karnataka Bank Education Loans, you can visit http://www.karnatakabank.com/

Indian Overseas Bank Education Loans in India.

The education loan offered by Indian Overseas Bank is also known as Vidya Jothi Scheme. Shri. M.Ct.M. Chidambaram Chettyar founded Indian Overseas Bank on 10th February, 1937 with the objective of specializing in overseas banking and business related to foreign exchange. It was nationalized in the year 1969. To know more about Indian Overseas Bank education loans, scroll down the page.

Eligibility of the Candidate:

Candidates applying for the education loan from Indian Overseas Bank should be Indian nationals. Students who get admission to various professional and technical courses through merit based selection process or entrance examination are eligible to apply.

Courses Eligible for Indian Overseas Bank Educational Loans:

There are various kinds of courses which are eligible for Indian Overseas Bank student loans.
Loans are available for various graduation, post graduation, computer education and diploma courses offered by recognized universities or government statutory bodies in India.
Indian Overseas Bank student loan is also provided for technical and professional courses, regular diploma and degree courses as well as courses conducted by reputed foreign universities in India.
In case of studies abroad, the institutes offering the courses should be approved by the competent authority of the nation.
Quantum of Loan:
A maximum of Rs.10 lacs is provided for studying in India and Rs.20 lacs for education abroad.

Margin:

For Indian Overseas Bank Student Loan up to Rs.4 lacs there is no margin. However, the margin is 5% and 15% for loans more than Rs. 4 lacs in case of education in India and abroad respectively.

Security:

Indian Overseas Bank charges various securities for issuing education loans under Vidya Jothi Scheme.
For education loans up to Rs.4 lacs co-obligation of parents is required.
For loans more than Rs.4 lacs and up to Rs.7.50 lacs- collateral security and Co-obligation of parents are needed.
For loans more than Rs.7.50 lacs, you need to submit tangible collateral security and ensure co obligation of parents.

Repayment of Indian Overseas Bank Student Loan:

A maximum time period of five to seven years is given to the students for the repayment of the education loan. 
For more information on Indian Overseas Bank education loans browse through http://www.iob.in/

HDFC Bank Education Loans

Housing Development Finance Corporation Limited or HDFC Bank started its operations in the year 1995 as a scheduled commercial bank. It is one of the Indian banks, which offer education loans to students willing to pursue higher education in India or abroad. Scroll down the page to learn more about HDFC Bank education loans.

Candidates Eligibility Required for Education Loan:

Candidates willing to apply for HDFC Bank education loan should be Indian Nationals. Applicants should be between 16-35 years of age. Collateral security is essential for loans above Rs. 7.5 lacs. A co-applicant is required if you are applying for full time courses.

Eligible Courses:

The eligible courses for HDFC student loan are undergraduate and postgraduate courses in the fields of management, engineering, medicine, computer applications, fine arts and designing, hotel and hospitality, architecture and pure science. The other courses eligible for loans are distance learning programs, air hostess training courses, SAP, GNIIT and ERP. The institutes should be recognized by competent government body or even by AICTE.

Features and Benefits offered by HDFC Bank:

  • The maximum amount of loan granted for education in India is Rs.10 lacs and Rs. 20 lacs for education in abroad. The rate of interest offered is attractive.
  • Repayment of loan commences either one year after the course ends or six months after one gets a job. It depends on which one is earlier to the other.
  • Tenure of seven years is available for the loans and the customers also get tax benefit.
  • The entire procedure is hassle free and approvals are given at the earliest.
  • Candidates may also fill and submit the online application form available. The representatives of the bank get in touch with the applicants as soon as possible.

Expenses Covered by the Loans:

  • The expenses covered by HDFC Bank education loan includes money to be paid as college and hostel charges, examination fees, library and laboratory fees, refundable deposit, caution deposit and other charges.
  • The loan also covers travel expenses for studying abroad, essential articles required for completing the course and other educational costs.

In order to learn more about moratorium period and interest rates, browse through http://www.hdfcbank.com/

Federal Bank Ltd Educational Loans

Federal Bank education loans were launched to provide financial assistance to meritorious students willing to pursue their higher education. The bank offers two types of loans namely Federal Vidya Loan and Federal Special Vidya Loan. Federal Bank Limited founded by Kulangara Paulo Hormis, started its operations with an authorized capital of Rs. 5000. If you want to know more about Federal Bank Ltd, educational loans, then scroll down the page.

Candidate's Eligibility

Candidates applying for Federal Bank student loan should be Indian nationals. Applicants will be considered eligible only if they get admission to various professional or technical courses through merit based selection process or entrance examination.

Courses Eligible for Federal Bank Ltd, Educational Loans

There are various undergraduate and postgraduate courses which are eligible for Federal Bank student loan. The courses should be offered by reputed institutions affiliated to universities and government statutory bodies.

Quantum of Loan

Federal Vidya Loan-The maximum education loan offered under this scheme is Rs.25 lacs. Federal Special Vidya Loan-The maximum education loan offered is Rs.7.5 lacs (Studies in India) and Rs.15 lacs (Studies abroad) respectively.

Repayment of Federal Bank Ltd, Educational Loan

Federal Vidya Loan-Eleven years is the maximum time period given for the repayment of loan. Federal Special Vidya Loan-Five to seven years of time is given to the candidates for paying back the loan.

Security

Federal Bank charges various kinds of securities for issuing education loans.

Federal Vidya Loan-Co-obligant or collateral security is required for the bank to issue the education loan.

In order to collect more information on Federal Bank Ltd, Educational Loans including its interest rates, browse through http://www.federalbank.co.in/

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