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

Interview Tips and Guidelines for Better Interview performance.

Dear Readers CareerBix Is Providing the general guide lines for the interview questions and Do's and don't s in the Interview So Must Read All This Guide lines and Must follow this Guide lines to Perform the Better in the Interview.
 We Are Given How to Answer The 64 Toughest Interview Questions This Questions and Answers  Very  helpful to Perform Better in The Interviews.

For This all Quotions and Answers Click 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

Subscribe to: Posts (Atom)

All Rights Reserved. 2015 Copyright CareerBix.com

Powered By Blogger | | Published By AdsGoose Designed By : BloggerMotion
Top