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
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).
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.
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.
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.
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.
* Should be an India National
* Secured admission to professional/
technical courses through Entrance Test/
Selection process
* Secured admission to foreign university/
Institution
Loan Amount
Need based finance subject to the 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
* 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
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
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
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.
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.
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
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.
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.
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.
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.
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
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:Part-time/Full-time
in Institutes approved by Government of India
(Department of Electronics)
Duration of the course: Minimum - 12
monthsMaximum - 48 months
Amount
of loan: For Computer Courses: Maximum :
Rs.1.00 lac
For other professional courses:Maximum : Rs.3.50
lacs
Period
of loan: Initial holiday period of 6 months
after the completion of the course or
immediately on getting a job whichever is
earlier
For limits upto Rs.1.00 lac : 42 monthsFor
limits upto Rs.3.40 lacs : 60 months
For
Studies Abroad - Scheme Highlights
Course
of Study: Any Graduate/Post-graduate courses
with good employment prospects. The period of
study should not exceed 5 years
Period
of loan: Interest to be serviced every
quarter. Repayment of principal to commence 6
months after the completion of the course or
immediately on getting a job whichever is
earlier.For limits upto Rs.10.00 lacs - Maximum
96 months
Purpose:
The purpose of the loan is to make available
financial assistance to the needy and deserving
students of bright academic record so as to
enable them to continue higher studies in India
or Abroad either in diploma/graduation or
post-graduation level in Arts, Science,
Commerce, Management, Medicine and Engineering.
Eligibility:
Under this scheme the loan can be sanctioned to
any student of Indian nationality who intends to
join any of the approved courses in an
Educational Institution recognised by the
government or any University in India or Abroad.
Courses
Approved:
A - Category:- Academic courses such as
Diploma, Graduate/Post-Graduate courses in Arts,
Science and Commerce etc.,
B - Category:- Professional courses such as
Diploma, Graduate/Post-Graduate courses in
Engineering, Medicine, Dental Science,
Agricultural Science, Veterinary Science,
Computer Science, Nursing, Pharmacy, Business
administration, Law etc.,
Type
of Loan:
The loan account shall be operated as a term
loan. To facilitate flexibility in operation,
future debits on account of recurring expenses
in each semester/year can be made to this
account.
Margin:
The margin is NIL for courses in India. For
foreign studies a minimum margin of 10% is to be
insisted on.
Amount
of Loan:
(Rs in Lakhs)
Place
of studies
Minimum
Maximum
In
India
0.50
5.00
Abroad
0.50
10.00
Rate
of Interest:
Upto
Rs.5 lakhs
13.5
%
Above
Rs.5 lakhs
14.5
%
Period
of Loan:
The period of the loan consists of the period
required for the completion of the course and
that meant for repayment of the loan. The
repayment should begin within 12 months on the
completion of the course or after the student
secures employment whichever is earlier.
MYSORE
BANK PROFESSIONAL COURSE SCHEME FOR DOCTORS
SBM,
Founded by Sir.M.Visweahwaraya, has framed a scheme for the
Professional in the field of medicine for pursuing higher
studies in recognized university / institutions in India/Abroad.
To
Meet:
(i).
Tuition and other fees.
(ii).Maintainance
Cost / Hostel Fees
(iii).Cost
of Books and Equipment.
(iv).
Cost of Passage ( for studies abroad)
Pre
Requisite :
(i).
Admission offer from any Recognized University.
(ii).Details
of income of Parent / Guardian.
Margin:
10%
of the total cost.
Interest:
Compounded
at quarterly intervals on reducing balance.
Repayment
The
loan to be repaid in 48 months installments after completion of
the course or securing a Job whichever earlier.
Security:
Security
consisting of any of the following :
Government
securities, UTI Bonds, NSC's, LIC Policies, Bank Deposits of
equitable Mortgage of immovable property. Third party guarantee,
if is insufficient.
For
further details Contact :
STATE
BANK OF MYSORE - Zonal office your nearest branch of SBM.
The
candidate should submit the proof of the admissions and the fee
structure with the necessary credential of the college.
Eligibility:
The
Candidate of the candidate's guardian should hold an account in
the bank. The candidate should be from the same place as the
bank to avail the loan otherwise has to open an account in the
bank of his choice and avail loan 6 months hence.
Interest:
14.5%
Coverage:
Tuition
fee.
Payment:
The
loan will be due to the bank till the end of the course of the
candidate of till the candidate is employed ; whichever is
earlier. The interest amount in the meanwhile should be paid
back either by the candidate himself or by his guardian.
Offered
for India at Undergraduate, Postgraduate for the duration of the
course; not renewable. Subject: Unrestricted. (Only technical
courses for which Reserve Bank of India clearance is available.
Eligibility:
Open
to applicants who have 60% minimum marks in basic qualification
and who have confirmed admission in a university in the UK.
Interview is required. For bans up to and inclusive of Rs.
1,00,000, co-obligation from suitable person is required. For
loans beyond Rs. 1,00,000, collateral security of property or
other approved securities whose value is equal to the loan
amount is required.
Value:
75%
of the requirements of the course (maximum Rs. 10,00,000 for
entire course), covering airfares, fees and maintenance.
Whom
to contact: Further information and application form can be
had from Canara Bank, Head Office, Priority Credit Section;
Credit Wing, 112 J C Road, Bangalore 560002, or any other branch
of Canara Bank.
Maximum
Amount for India : Rs 500000
Maximum Amount Overseas: Rs 500000
Documents
to be submitted: Admission form, document proof of
eligibility, expenditure Time To Process: A Fortnight
Interest
Rate In India
Upto Rs 200000 : 12%
Above 200000 : 13.5% For Overseas
Upto Rs 200000 : 12%
Above 200000 : 13.5%
Collateral and Third Party Guarantee required.
Tenures:
Maximum of 6 years
Repayment
: Interest with course period after that maximum of
72 EMI
Maximum
Amount for India : Rs 750000
Maximum Amount Overseas: Rs 1500000
Documents
to be submitted : Academic Records and admission
approval. Time To Process: A Fortnight
Interest
Rate In India
Upto 400000 : 13%
Above 400000 : 13.5% pa. For Overseas
Upto 400000 it is 13%
Above 400000 : 13.5% pa.
Collateral and Third Party Guarantee required.
Tenures:
Maximum 7 years Repayment : After completion of course
Maximum
Amount for India: Rs 750000
Maximum Amount Overseas: Rs 1500000
Documents
to be submitted: Guaranty of father property's
papers Time To Process: 1 month
Interest
Rate In India
Upto Rs 25000 : 12%
From Rs 25000 to Rs 200000 : Rs 12.25%
Above Rs 200000 : 14.50% For Overseas
Upto Rs 25000 : 12%
From Rs 25000 to Rs 200000 is Rs 12.25%
Collateral and Third Party Guarantee required.