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In the present day scenario, with a very competitive youth of India and Foreign Education being the new Trendy way of getting educated, thousands of Indian student’s dreams of studying abroad in the world highly ranked universities. But one of the most prominent hurdles in doing so is huge tuition fee in foreign universities and colleges. Students in India can overcome this hurdle by applying for the education loans in the Indian banks. Indian banks offer education loans for studying abroad which include travel, tuition fee and other related expenses on easy terms.

Educational Loans 1.1INTRODUCTION
An education loan is a form of financial support from any bank or financial institution that enables a student for taking higher education. Availability of the education loan, at the appropriate time will help millions of deserving bright young Indians to achieve their dreams come true. All graduation, post-graduation and professional courses from institutes approved by the state and central government and also from foreign universities are eligible for a loan. Several institutes/ colleges have tied up with various banks, for the benefit of prospective students. For studies in India one can get loans up to Rs.7.5 lakh and up to Rs. 15 lakh for studies abroad. Before giving the loan, banks study the viability of the borrower based on personal discussions with the student, family's assets and annual income, the nature of the course and reputation of the institute. In most banks for loans up to Rs. 4 lakh no collateral or margin is required and the interest rate will not exceed the Prime Lending Rates (PLR). For loans above Rs. 4 lakh the interest rate will be PLR plus 1 percent. PLR is a term used to refer the interest rate of the bank and it may vary with each bank. Some banks offer lower rates to women students or those from specified institutions. Security to the loan depends on the amount. Security is some form of investment (i.e. bank deposits, house property etc.) that are surrendered to the bank while taking the loan. Security is not needed for loan amounts up to Rs. 4 lakhs. Instead of security, some bank may ask for a third party guarantee (guarantor) for higher loan amounts. There is no need to repay the loan while studying. The repayment starts after you have finished the course or started working. The repayment cannot be delayed for years after the completion of course. The loans are to be repaid over a period of 5 to 7 years with provision of grace period of one year after completion of studies.

A comprehensive educational loan scheme was framed with the consultation of Government of India with reserve bank of India and Indian bankers association.
This scheme can avail a loan of up to 7.5 lakhs in India and up to 15 lakhs for abroad studies. These figures are not stable in nature for banks. State bank of India is availing an upper limit of 20 lakhs and in recent days. Indian bank has upgraded its maximum limit to 15 lakhs for education in India and 25 lakhs for abroad studies. All the details given below will change time to time and students are advised to get right information from the banks concerned.

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Eligibility Security processing fee Documents Rate of interest Credit delivery Margin Repayment holiday Capability Certificate

Eligibility
The eligibility criteria of the bank to obtain an educational loan from any bank of India:The student who is seeking for educational loan should be Indian national The student should have secured admission to professional/ technical courses through entrance test/selection process The student should have secured admission to foreign university/institution

Take a peek into other important points of consideration that the comprehensive educational loans:-

Documents
You need to keep the following documents in place before applying for an educational loan: Mark sheets of the last qualifying examination for school and graduate studies in India. Proof of admission to the course. Scheduling of expenses to the course. Copies of letter confirming the scholarship. Copies of foreign exchange permit, if applicable. Two passport size photographs. Bank statement for the last six months of the borrower. Income tax assessment order not more than two years. Brief statements of assets and liabilities of the borrower. If you are not an existing bank customer you would need to establish your identity and give proof of residence.

Margin
If the course cost is up to 4 lakhs, nil for both studies in India and abroad. If the course cost is above 4 lakhs, 5% for inland studies and 15% for studies abroad.

Security
Banks have the following security/collateral security requirements for granting loans to students. However, the requirements differ from bank to bank. Loan up to INR 4 lakhs. No collateral security. Security in the form of

Loan above INR 4 lakhs and up to INR 7.5 lakhs. Satisfactory third party guarantee.

5 lakhs.75 % up to INR 4 lakhs and it does not exceed the Prime Lending Rates (PLR). Interest will be charged on simple basis during the period of study / moratorium period.Loan above INR 7. After commencement of repayment. the interest rate is 11. the accrued interest is added to the principal amount and Equated Monthly Installments (EMIs) fixed on total outstanding amount. If required the means of your parent or guardian can also be taken into account to evaluate re-payment capability. The State Bank of India accepts a deposit of INR 5000 for education loan for studies abroad. in the case of normal course your future income prospect will be taken into account. At the commencement of repayment.while applying the loan. (a) Collateral security of suitable (b) Co-obligation of parents/guardians/third Party along with assignment of future Income of the student for payment of Installments.75 % and it will not exceed PLR plus 1 percent. . which is adjusted in the margin money. Rate of interest The rate of interest is 10. Repayment holiday Loans are repayable in 5 to 7 years. Processing fee Most of the Indian banks do not charge any processing fee or upfront charges. Disbursement: . However. Credit delivery You can avail the loan from the branch nearest to the place of your permanent domicile. the benefit of simple interest would be discontinued. Repayment of both principal and interest will start after one year after completion of the course or six months after getting employment. the rate of interest is subject to changes as per the specifications of RBI or the concerned bank. For a loan above INR 4 lakhs. whichever is earlier.

some of the foreign universities require you to submit a certificate from your bankers about the sponsor's solvency/financial capability with a view to ensure that your sponsors are capable of meeting the expenses till completion of studies. at regular intervals. then up to what extent. the margin and security requirements. you need to hit on the right bank with the right educational loan scheme to suit your needs. Accordingly branches can also issue the capability certificate. No application for educational loan received is rejected without the concurrence of the next higher authority. The loan is disbursed in stages as per the requirement/demand directly to the institutions/vendors of books/equipment/ instruments to the extent possible. For this financial and other supporting documents may be obtained from you. Capability Certificate If you are going abroad to study. Follow up The bank from which you have availed the loan can contact the college/university authorities to send your progress reports. whether the bank provides loan for the course you are opting for and if yes. as in. . the rate of interest. The discretion is yours after a thorough analysis.The loan is sanctioned as per delegation of powers preferably by the branch nearest to the place of domicile. proximity of bank to your residence. Finally. Parameters to weigh the alternatives are many. if required. et al.

200/mo ) $13. Personal.800 ($1.398/mo ) $113.168 $2.800 $21.641 ($1.200 Board.123 ($2.690 $6.804 $6.985 ($3.200 $16.347/mo ) $27.690 $6.849/mo ) $16.123 ($2.690 Room & Utilities (9 months) $10.168 $2.690 $6.500 Single Married/DP Tuition HUHS Student Health Fee (SHF)* Student Health Insurance Plan (SHIP)** HUSHP for Student Spouses/Dependent s Program Support Fee*** $53.922 $7.500 $21.168 $0 $4. Other (9 months)**** Total .168 $2.583 ($2.500 $53.457/mo ) $87.112 ($1.883/mo ) $101.500 Married/DP with Two Children $53.A brief overview about the fees of some of the common and famous foreign universities: HBS(Harvard business school) MBA Class of 2014 Student Budget Married/DP with One Child $53.500 $930 $930 $930 $930 $2.347/mo ) $21.949 ($1.506 $8.109/mo ) $121.

****Estimate based on the experiences of most MBA students. Please note that eligibility for federal student aid is based on the single student budget. Fees The MBA tuition fees for the programme commencing in August 2012 are £57. (webbased) course materials. and other materials you receive in your courses. LBS (LONDON BUSINESS SCHOOL) Fees and financing Fees for the MBA programme include:    tuition for the full 15-21 months core course reading materials Elective course reading materials.500. ** Student Health Insurance Plan expense may be waived upon proof of health insurance coverage. . When researching the cost of the MBA Programme you should take into account the potential earning opportunities that students have while on the programme. based on individual agreements with companies for summer internships and Management Reports. books. ***Fee includes expenses for academic-related programs. cases. unless you leave for more than one term. Your actual personal expenses may be higher or lower.* HUHS Student Health Fee is obligatory regardless of your health insurance status. This fee also remains constant.

Sample First Year Student Budget Nine-Month Academic Year. Depending on marital status and other factors.300 $23.600 $2.710 $1.300.000 per year for living costs.044 $3.710 $1.184 $2.300 $33. The following is the estimated budget for an average student entering in fall 2012. this is the standard estimate used in determining financial need. September 2012 . your tuition is guaranteed for two years based on your start class. books.525 $57.600 $2. To assist with your financial planning.710 Transportation $963 Medical Insurance (2) Health Fee $3.600 $4.300 $37.710 $1.300 $27.184 $2. While living expenses vary.000 to $47.988 $3.391 Single Off Campus $57.486 Married Married On Off Campus(3) Campus(3) $57.248 $2.184 $2.184 $1.June 2013 Single On Campus Tuition Living Allowance (1) Week Zero Expense Books & Supplies Instructional Materials $57. you should budget an additional $30. and other expenses.STANFORD (graduate school of business ) Tuition & Expenses Tuition for the 2012/2013 academic year is $57.788 $846 $960 $1.013 $3.128 $1.600 $537 $537 $537 $537 .

fellowship eligibility for married U. The U.411 1.790 $102.531 $95. However the expenses for the global study trips service learning trips and participation in the STEP Program can be added to the cost of attendance. There are many ways to meet the global experience requirement (GER).972 $112. Please note. The single student health insurance rate is quoted for married students on the assumption that the spouse will have separate coverage.031 Single Off Campus $97.911 $94. Stanford University Cardinal Care medical insurance allowance is included for all students. the amount is lower than that of a single student with the same income. even if an alternative insurance is used by the student.000 $92. Living allowance includes rent. The expenses may range more or less than the amounts stated above. and personal expenses for a moderate lifestyle. the cost of attendance that appears on the award letter will reflect that of a single student.TOTAL $90.790 $106. Department of Education has established a set of calculations that govern the awarding of federal loans. citizen or permanent resident students will be determined based on the married student cost of attendance. The federal need analysis system compensates for the cost of additional family members by reducing the amount of income a married student is expected to contribute toward the cost of attendance.972 $108.500 Study Trip $4. The actual expense will only be added to your cost of attendance when the Financial Aid Office is informed how a student intends to fulfill their GER. citizen or permanent resident and married. 2.S. An additional allowance may be made for eligible dependent children.472 Married Off Campus (3) $109.S.411 Sample First Year Student Budget With Study Trip (4) Single On Campus Study Trip $1. food. If a student is a U.290 Married On Campus (3) $104. . 3. 4.531 $99. and loan eligibility will be determined based on single student cost of attendance.S.

but may be subsidized by the GSB. The budget provided below is based on a moderate student lifestyle and represents the maximum amount of financial aid possible for the fall/spring 2012–13 academic year. service learning trip. Estimated Student Budget. updated 14 March 2012 Columbia Business School Student Budget Attending Columbia Business School is a significant investment of time and money. travel.) Total fall/spring first-year budget Total fall/spring second-year budget — Class of 2013 $58. Fall/Spring 2012–13 (in US dollars) Tuition (0–21 points/term) Mandatory fees Health services and insurance Books and supplies Room and board Personal expenses (clothing. Other options to meet the global experience requirement are not included in the cost of attendance. etc.055 $2. Recognizing this. the School strives to provide students with various means to finance the degree.590 $90.The GSB will provide financial aid for the students using a global study trip.981 $900 $20.610* $89.384 $3. such as Global Management Immersion Experience (GMIX). or STEP to fulfill their GER in the form of fellowship and loans.700 $4. loan fees.165 .

000 £4.000 AU$9.000 – $21.000 C$2.000 – $12.*If you have extenuating circumstances.000 AU$18.000 – $15. and you’ll need to apply the current exchange rate to see what this equates to in your own currency.000 £9.000 Note that average costs may be higher or lower than the middle of these ranges.000 – $20.000 C$15. such as club dues and event costs Taking figures from the survey conducted in 2011: At the moment.000 – $18.000 – $15. such as the following:     Comprehensive medical insurance (only basic coverage is included) Medical expenses not covered by insurance Study Tours Computer replacement costs Optional activity fees. .000 Cost of living range US$10.000 – 40.000 – £21.000 – $16. annual costs are roughly estimated at: Country USA UK Australia New Zealand Canada Tuition fees range US$6. Students may incur additional costs not included in the budget above.000 NZ$12.000 – $20. please contact the Financial Aid Office.000 NZ$14.

Click on the bank links for most up to date information. Andhra Bank Andhra Bank Education Loan scheme -. Pattabhi Vidya Jyothi education loan should be within 18-35 years of age Quantum of Loan for Andhra Bank Education Loan Maximum Amount for India : Rs 10 lakhs . Please check with respective banks for updated information. Pattabhi Vidhya Joyti Eligibilty of Candidate for Andhra Bank Education Loan Studies in India-Candidates should be within 12-30 years of age.Now talking about the Loans offered by some of common banks of India and their criteria’s Please note: The information below is accumulated from different kind of sources. There is no liability for any inaccuracy of information or changes/updation in the terms of Banks.com is not responsible if any information below changes or become incorrect in future. GeniusAbroad. Studies Abroad-Candidates applying for Dr.Dr.

For loans above Rs. examination fee. .7.4 lacs the margin is 5% and 15% for India and abroad respectively. Security for Andhra Bank Education Loan Parents need to act as guarantor for Andhra Bank education loan amount up to Rs. For loans up to Rs. 4 lacs.50 lacs. Margin for Andhra Bank Education Loan There is no margin for loans up to Rs. expense of study tours. Both collateral security and guarantee by parent are required for education loans above Rs.50 lacs. cost of books and refundable deposits. 7. hostel charges. guarantee of the parents is essential. The travel expenses and passage money are also included in the loan.Maximum Amount Overseas : Rs 20 lakhs Expenses covered under Andhra Bank Education Loan scheme Andhra Bank education loan covers tuition fee.4 lacs.

Secured admission to professional/ technical courses in India or Abroad through Entrance Test/ Merit based Selection process. .Bank Website for Andhra Bank Educaion Loan For more information visit bank website: Education Loan Allahabad Bank Allahabad Bank Education Loan scheme Eligibilty of Candidate for Allahabad Bank Education Loan Student be an Indian National. Studies Abroad:  Graduation: For Job oriented professional/technical courses offered by reputed Universities.

Any other expenses required to complete the course.. Courses conducted by CIMA London. Quantum of Loan Maximum Amount for India : Rs 10 lakhs Maximum Amount Overseas : Rs 20 lakhs Expenses covered under Allahabad Bank Education Loan         Fee payable to College / School /Hostel Examination/Library/Laboratory Fee Purchase of Books / Equipments/ Instruments/ Uniforms. MBA. Margin Money to be brought on year-to-year basis and disbursements are made on a pro-rata basis. pilot training. such as. and Thesis etc. CPA in USA etc.Study Tours. the Institute should be recognised by the competent local aviation/ shipping authority. Insurance premium for student borrower. shipping etc.00 lacs: NIL For loan above Rs 4. Margin for Allahabad Bank Education Loan     For loan upto Rs 4. MS etc. subject to the conditions that amount does not exceed 10% of the total tuition fees for the entire course. Purchase of Computers essential for completion of the course.00 lacs: (i) Studies in India: 5% (ii) Studies abroad: 15% Scholarship / Assistantship to be included in Margin. . Project Work. Caution Deposit/ Building Fund/ Refundable Deposit supported by Bills/Receipts of the Institution. Travel Expenses/Passage Money for studies abroad.   Post Graduation: MCA. Regular Degree/ Diploma courses like Aeronautical.

Course Eligibility for Bank of Baroda Education Loan Graduate/Post Graduate / Doctorate / Job Oriented Professional / Technical Courses offered by reputed Universities overseas.Bank Website for Allahabad Bank Education Loan For more information visit bank website: Education Loan Bank of Baroda Bank of Baroda Education Loan scheme -. shipping etc. The Institute should be recognized by the competent local aviation / shipping authority and Director General of Civil Aviatio .Baroda Scholar Eligibilty of Candidate for Bank of Baroda Education Loan Should be an Indian National Secured admission to Professional/Technical courses at foreign Universities/Institutions. pilot training. Regular Degree/ Diploma courses like Aeronautical.

5 lacs: Collateral in the form of a . Examination/Library/Laboratory fee. thesis etc. Any other expense required to complete the course e. 4.00/.g. study tour. 7.4.    Margin for Bank of Baroda Education Loan 15% Security for Bank of Baroda Education Loan   Upto Rs. Purchase of computers if essential for completion of the course.Quantum of Loan Maximum Amount of loan: Rs 20 lakhs Expenses covered under Bank of Baroda Education Loan scheme      Admission/Tuition fees to College/University. Caution deposit/building fund/refundable deposit supported by institution bills/reciepts. Hostel/Mess charges. One way travel expenses/Passage money. project work.lacs : No security Above Rs. Purchase of books/equipments/instruments.00 Lacs and up to Rs.

5 lacs: Tangible collateral security equal to 100% of the loan amount along with assignment of future income Bank Website for Bank of Baroda Education Loan For more information visit bank website: Education Loan Bank of Maharashtra Bank of Maharashtra Education Loan scheme Eligibilty for Bank of Maharashtra Education Loan Student should be Indian national. MBA.suitable third party guarantee alognwith assignment of future income. have secured admission by Entrance test / Merit bases selection.7. Job oriented Prof.MCA./Technical / PG courses/ Post Graduation: .  Above Rs. MS .

50 lac . .00 lac .00 lac to Rs.4.7.15% for studies abroad Security for Bank of Maharashtra Education Loan Up to Rs.Value of collateral security after providing requisite margin as below should be equal to the quantum of finance plus 2 acceptable guarantor.Satisfactory third party Guarantee Above Rs. 4.etc Quantum of Loan Maximum Amount Overseas : Rs 20 lakhs Margin for Bank of Maharashtra Education Loan Up to Rs.4.00 lac . 4.Nil Above Rs.Clean Above Rs.50 lac . 7.00 lac .

The student should not have outstanding education loan from any other Institution. Secured admission to professional/technical courses in India or Abroad through Entrance Test/Merit based selection process. . Father/Mother should be co-borrower.Bank Website for Bank of Maharashtra Education Loan For more information visit bank website: Education Loan Bank of India Bank of India Star Education Loan scheme Eligibilty of Candidate for Bank of India Star Education Loan      Should be an Indian National. Good academic career.

Purchase of books/equipments/instruments/uniforms. etc. MS. Course Eligibility for Bank of India Star Education Loan    Graduation : For job oriented professional/technical courses offered by reputed universities. Branch nearest to the permanent residence of student will consider the loan.like study tours. MBA. etc. Quantum of Loan Maximum Amount Overseas : Rs 20 lakhs Expenses covered under Bank of India Star Education Loan scheme         Fee payable to college/school/hostel* Examination/Library/Laboratory fee.4 lakh : Nil Above Rs. Courses conducted by CIMA . Travel expenses/passage money for studies abroad. . etc. Any other expense required to complete the course . * As per brochure/ demand letter from the institution. thesis. Insurance cover for the student.essential for completion of the course. project work. CPA in USA.London. Caution deposit/building fund/refundable deposit supported by Institution bills/receipts. Purchase of computers . Margin for Bank of India Star Education Loan Upto Rs.4 lakh . Post Graduation : MCA.Margin to be brought in on year to year basis as and when disbursements are made.15% Scholarship could be included in margin.

net worth & income of family and scope for securing good / gainful employment. student should submit the Unique Identification Number (UIN) / copy of Identity Card to the branch.Bank Website for Bank of India Star Education Loan For more information visit bank website: Education Loan Bank of Rajasthan Bank of Rajasthan Education Loan scheme Eligibilty of Candidate for Bank of Rajasthan Education Loan       The student should be an Indian National and secured admission to professional / technical / Graduation / Post Graduation courses in India or Abroad through Entrance Test / Merit Based Selection process. & progress / performance report to the Bank regularly till completion of the course. In case of studies abroad. estimates etc. The student / applicant should not be availing / will not avail any education loan during currency of our loan. Necessary Affidavit / . Sanction of loan will be considered on the basis of academic record. The student will have to submit all required documentary evidences including receipts.

subject to the condition that the amount does not exceed 10% of the total tuition fees for the entire course. on year to year basis on pro-rata basis as per disbursements.4 lacs. Travel expenses (to and fro) for studies abroad. Building fund / refundable deposit supported by Institution bills / receipts. MS etc. Post graduation – MCA. For loans above Rs. Purchase of books / equipments / instruments / uniforms Caution deposit. Margin for Bank of Rajasthan Education Loan There is no margin for loans up to Rs. Courses conducted by CIMA – London. Purchase of computer – essential for completion of the course Any other expenses required to complete the course – like study tours. . MBA. (In special / deserving cases for studies abroad bank may consider lesser margin on selective basis at its sole discretion. thesis etc. Examination / Library / Laboratory fee. CPA in USA etc. project work. Quantum of Loan Maximum Amount Overseas : Rs 20 lakhs Expenses covered under Bank of Rajasthan Education Loan scheme       Fee payable to college/school/hostel.) Margin may be brought-in.4 lacs the margin is 15% for abroad studies.Undertaking to this effect to be obtained Course Eligibility for Bank of Rajasthan Education Loan    Graduation – for job oriented professional / technical courses offered by reputed universities.

Govt. In case loan is allowed for computer. Bank Website for Bank of Rajasthan Education Loan For more information visit bank website: Education Loan Canara Bank Canara Bank Education Loan scheme Eligibilty for Canara Bank Education Loan .00 lacs and upto Rs. the same should also be hypothecated to the bank.Security for Bank of Rajasthan Education Loan Loan upto Rs.4.50 lacs:Collateral security equivalent to the loan amount comprising of any one or more of the following : NSCs.7. Bank Deposits and Mortgage of Immovable Property (supported with guarantee of the owner) in favour of the Bank and acceptable to the Bank.4.00 lacs:No security Loan above Rs. Loan above Rs. Securities.50 lacs:Collateral Security in the form of third party guarantee to the satisfaction of bank.7.

4 lacs. passage expenses Margin for Canara Bank Education Loan There is no margin for loans up to Rs. instruments. examination fees. payment of hostel fees. technical / professional courses.(graduation / post graduation Quantum of Loan Maximum Amount Overseas : Rs 20 lakhs Expenses covered under Canara Bank Education Loan scheme Payment of course fees. study tours. Security for Canara Bank Education Loan .Job oriented. equipments. For loans above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.Purchase of books. uniform.

50 lakhs: Collateral security equal to 100% of the loan amount. Upto Rs.50 lacs –Satisfactory third party guarantee. (Note: If the proposed borrower prefers to offer collateral security of tangible assets (moveable or immoveable) instead of bringing collateral securities in the form of third party guarantee. Assignment of future income of the student.4.Loan is given jointly to the student and parent /guardian. the same may be accepted.No security Above Rs. Bank Website for Canara Bank Education Loan For more information visit bank website: Education Loan Central Bank of India Central Bank of India Education Loan scheme -. provided the securities with stipulated margin covers 100% of the loan amount).00 lacs. 7.00 lacs upto Rs. Above Rs. at his request.4. 7.Cent Vidyarthi .

examination. refundable deposit. equipments. computer (Hypothecated). library. One-way air passage in case of studies abroad. cost of books. within 1 month for studies in India / 6 weeks for abroad.Eligibilty of Candidate for Central Bank of India Education Loan Student should be an Indian National having secured admission to Professional / Technical courses through entrance test / selection process.. admission. laboratory. Margin for Central Bank of India Education Loan . if already incurred. Reimbursement of admission fee books airfare etc. uniforms. Quantum of Loan Maximum Amount for India : Rs 10 lakhs Maximum Amount Overseas : Rs 20 lakhs Expenses covered under Central Bank of India Education Loan scheme For payment of Hostel fee caution deposit.

For loans above Rs.) Security for Central Bank of India Education Loan Upto Rs.(Scholarship may be included in margin. along with the assignment of future income of the student for payment of installments. Bank Website for Central Bank of India Education Loan For more information visit bank website: Education Loan Go to List of banks .4 Lakhs: Co-obligation of parents/ guardian/ parent-in-law/spouse Above Rs.There is no margin for loans up to Rs. Above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.4 lacs.7.50 lakhs: Co-obligation of parents/ guardian/ parent-in–law/spouse together with collateral security in the form of suitable third party guarantee. 4 lakhs and up to Rs.50 lakhs: Co-obligation of parents / guardian / parent-in–law / spouse together with tangible collateral security of suitable value.7.

The travel expenses .Catholic Syrian Bank Catholic Syrian Bank Education Loan scheme -- Eligibilty of Candidate for Catholic Syrian Bank Education Loan Candidate must be a citizen of India Quantum of Loan Maximum Amount Overseas : Rs 1500000 Expenses covered under Catholic Syrian Bank Education Loan scheme The education loan covers tuition fee. hostel charges. examination fee. expense of study tours. cost of books and refundable deposits.

and passage money are also included in the loan.4 lacs. Margin for Catholic Syrian Bank Education Loan There is no margin for loans up to Rs.4 lacs the margin is 5% and 15% for India and abroad respectively. For loans above Rs. Bank Website for Catholic Syrian Bank Education Loan For more information visit bank website: Education Loan Vysya Bank Vysya Bank Education Loan scheme .

MBA. etc.London. * Caution deposit/ building fund/ refundable deposit supported by Institution bills/ receipts.50 lakhs Maximum Amount Overseas : Rs 15. * Examination/ Library/ Laboratory fee. Courses conducted by CIMA. * Purchase of books/ equipments/ instruments/ uniforms.00 lakhs Expenses covered under Vysya Bank Education Loan scheme * Fee payable to college/ school/ hostel. Post graduation: MCA. . Quantum of Loan Maximum Amount for India : Rs 7. CPA in USA etc.Eligibilty of Candidate for Vysya Bank Education Loan Student should be an Indian National and should have secured admission to professional / technical curses in India and abroad through Entrance Test/Merit based selection process Course Eligibility Vysya Bank Education Loan Graduation: For job oriented professional/ technical courses offered by reputed universities. MS.

* Travel expenses/ passage money for studies abroad. * Any other expense required to complete the course . Margin for Vysya Bank Education Loan There is no margin for loans up to Rs.like study tours. etc. For loans above Rs.5 lacs: Collateral in the form of a 'third party guarantee' having net worth of 100% of the loan amount Above Rs 7. Security for Vysya Bank Education Loan Up to Rs 4 lacs: No security Above Rs 4 lacs and up to Rs 7. Bank Website for Vysya Bank Education Loan . * Purchase of computers .essential for completion of the course.4 lacs the margin is 5% and 15% for India and abroad respectively. Note:A certificate from the college/institute to the schedule of expenses for the course year wise to be submitted. thesis. project work.4 lacs.5 lacs: Collateral security equivalent 100% of the loan amount and assignment of future income of the student for the payment of installment.

Courses conducted by CIMA-London. However there is no age restriction for the applicant.For more information visit bank website: Education Loan Vijaya Bank Vijaya Bank Education Loan scheme Eligibilty of Candidate Vijaya Bank Education Loan Student should be an Indian National and should have secured admission to the relevant Professional/ Technical courses in India or Abroad through Entrance Test/ Merit Based Selection process.   . Course Eligibility for Vijaya Bank Education Loan  Graduation: For job oriented professional / technical courses offered by the reputed university. Post graduation: MCA. etc. CPA in USA. MS. MBA. etc.

4 lacs the . Pilot Training Programme offered by recognized institutions abroad approved by competent authority in that country. thesis etc. For loans above Rs. Government of USA. Government of India.      Margin for Vijaya Bank Education Loan There is no margin for loans up to Rs. travel expenses for studies abroad.00 lakh Maximum Amount Overseas : Rs 20. project work. Quantum of Loan Maximum Amount for India : Rs 10. Purchase of computers – essential for completion of the course. Example in USA the Federal Aviation Administration. cost of books. purchase of computer. The licences issued by such institutions should be convertible into corresponding Indian Licences in case the applicant desires to take up employment in India after completion of course/ training abroad. Examination/ Library/ Laboratory fee. as per directives of Director General of Civil Aviation. etc. Issuance of DD favouring CET Cell Fee payable to the Institution/hostel/examination fee.4 lacs. Travel expenses/ passage money for studies abroad. Purchase of books/ equipments/ instruments/ uniforms. Caution deposit/ building fund/ refundable deposit supported by Institution bills/ receipts.00 lakh Expenses covered under Vijaya Bank Education Loan scheme     Fee payable to college/ school/ hostel. Any other expense required to complete the course – like study tours.

Tangible Collateral security for full value of loan and third party guarantee with assignment of future income of the student for payment of instalment Bank Website for Vijaya Bank Education Loan For more information visit bank website: Education Loan Dena Bank Dena Bank Education Loan scheme -.Suitable third party guarantee. Security for Vijaya Bank Education Loan Upto Rs. Above Rs 7. 4 lakh -.0 lakh --Tangible Collateral security of suitable value of loan or third party guarantee with assignment of future income of the student for payment of instalments Rs 15 lakh to Rs 20 lakh -.Dena Vidhaya Laxmi .No security Above Rs 4 lakh to Rs 7.margin is 5% and 15% for India and abroad respectively..5 lakh to 15.50 lakh -.

Purchase of computers needed to complete the course. Post Graduation (MCA. MBA. . and proof of admission Course Eligibility for Dena Bank Education Loan Graduation for professional/ technical courses offered by reputed universities. project work. Any other expense to complete the course like study tours.Eligibilty of Candidate for Dena Bank Education Loan Candidate should be an Indian national and have secured admission to a professional or technical course in an Indian or Foreign university. Simply walk in with the marksheet of the qualifying exam. Passage fare for travel abroad. Quantum of Loan Maximum Amount for India : Rs 10 lakh Maximum Amount Overseas : Rs 20 lakh Expenses covered under Dena Bank Education Loan scheme      Fee payable to colleges/ schools/ hostels. Examination/Library/ Laboratory fees. MS).

thesis etc. Bank Website for Dena Bank Education Loan For more information visit bank website: Education Loan Federal Bank Limited Federal Bank Limited Education Loan scheme -. For loans above Rs. . Margin for Dena Bank Education Loan There is no margin for loans up to Rs.4 lacs.4 lacs the margin is 5% and 15% for India and abroad respectively.Federal Vidya Loan Scheme and Special Vidya Loan Scheme Eligibilty of Candidate for Federal Bank Limited Education Loan Open for Indian Nationals who have secured admission to professional / technical courses through Entrance test / merit based selection process or have secured admission to foreign university / institutions (for studies abroad).

4 lacs the . And the bank nearest to the residence of the borrower must be Federal Bank. uniform. Fee payable to college / school / hostel for tuition / examination / library / lab etc Cost of books. travel expenses. amount payable towards building fund. Caution deposit.4 lacs. equipments. Quantum of Loan Maximum Amount for India : Rs 10 lakh Maximum Amount Overseas : Rs 20 lakh Expenses covered under Federal Bank Limited Education Loan scheme Need based finance and subject to repaying capacity of the parents / students. computer (if essential for the course). etc. For loans above Rs. refundable deposit etc supported by bills / receipts but cannot exceed 10% of the tuition fee Margin for Federal Bank Limited Education Loan There is no margin for loans up to Rs. instruments.Course & Institution should have necessary approval / recognition. expenses for study tours / project work / thesis.

Security for Federal Bank Limited Education Loan No security is needed Up to Rs 4 Lakhs. Bank Website for Federal Bank Limited Education Loan For more information visit bank website: Education Loan HDFC .50 Lakhs. Above Rs 7. Third party guarantee acceptable to bank / collateral security for loans up to 7.margin is 5% and 15% for India and abroad respectively.50 Lakhs collateral security with required margin is required Single premium insurance policy on the life of the student to be taken covering the loan amount and period.

5 lacs. hotel and hospitality. architecture and pure science. 7. Course Eligibility for HDFC Education Loan The eligible courses for HDFC student loan are undergraduate and postgraduate courses in the fields of management. Quantum of Loan Maximum Amount Overseas : Rs 20 lacs. computer applications.HDFC Education Loan scheme Eligibilty of Candidate for HDFC Education Loan Candidates willing to apply for HDFC Bank education loan should be Indian Nationals. The institutes should be recognized by competent government body or even by AICTE. medicine. air hostess training courses. A co-applicant is required if you are applying for full time courses. GNIIT and ERP. engineering. SAP. . The other courses eligible for loans are distance learning programs. Applicants should be between 16-35 years of age. fine arts and designing. Collateral security is essential for loans above Rs.

library and laboratory fees. Bank Website for HDFC Education Loan For more information visit bank website: Education Loan Indian Overseas Bank Indian Overseas Bank Education Loan scheme -. refundable deposit. The loan also covers travel expenses for studying abroad. caution deposit and other charges. examination fees.Vidya Joyti .Expenses covered under HDFC Education Loan scheme The expenses covered by HDFC Bank education loan includes money to be paid as college and hostel charges. essential articles required for completing the course and other educational costs.

00 lakh Margin for Indian Overseas Bank Education Loan There is no margin for loans up to Rs. 4.50 lakh --.00 lakh --.Co obligation of . No security For loans above Rs.4 lacs.7.Eligibilty of Candidate for Indian Overseas Bank Education Loan Should be an Indian National. For loans above Rs.00 lakh and up to Rs. Should have secured admission to professional/technical courses in India or abroad Loans will be made available only for Graduation and Post Graduation Courses offered by Reputed Universities and not for diplomas Quantum of Loan Maximum Amount for India : Rs 10. 4.00 lakh Maximum Amount Overseas : Rs 20.4 lacs the margin is 5% and 15% for India and abroad respectively. Security for Indian Overseas Bank Education Loan For loans upto Rs.Co obligation of parents .

Wherever the land/ building is already mortgaged the unencumbered portion can be taken as security on second charge basis provided it covers the required loan amount. Bank Website for Indian Overseas Bank Education Loan For more information visit bank website: Education Loan Indian Bank Indian Bank Education Loan scheme . In case the loan is given for the purchase of computer .parents together with collateral security in the form of suitable third party guarantee.Collateral security in the form of NSC /KVP/ LIC Policy/ Gold/ Shares/Debentures or immovable properties Bank Deposits in the name of student/Parent/Guardian or any other third party with suitable margin.Co obligation of parents together with tangible collateral security . the computer has to be hypothecated to the bank.7.50 lakh --. For loans above Rs.

purchase of books/equipments.00 lakh Expenses covered under Indian Bank Education Loan scheme To meet the cost of education covering fee payable to college/school/hostel. He/She should have secured admission to professional/technical courses in India/Abroad through Entrance Test/Merit based selection process.00 lakh Maximum Amount Overseas : Rs 20. Quantum of Loan Maximum Amount for India : Rs 10. Margin for Indian Bank Education Loan .Eligibilty of Candidate for Indian Bank Education Loan The applicant should be an Indian National. purchase of computers essential for completion of the course etc. travel expenses /passage money for studies abroad. exam fees.

Co obligation of parents together with tangible collateral security of suitable value along with the assignment of future income of the student for payment of instalments.50 lakh --. 4. For loans above Rs.4 lacs.00 lakh and up to Rs.00 lakh --. No security For loans above Rs.Co obligation of parents . Security for Indian Bank Education Loan For loans upto Rs.There is no margin for loans up to Rs.Co obligation of parents together with collateral security in the form of suitable third party guarantee. Bank Website for Indian Bank Education Loan For more information visit bank website: Education Loan . 4.7.50 lakh --.4 lacs the margin is 5% and 15% for India and abroad respectively.7. For loans above Rs.

etc. MBA. CPA in USA etc.00 lakh .London. Course Eligibility for IDBI Bank Education Loan Graduation: For job oriented professional / technical courses offered by reputed universities.IDBI Bank IDBI Bank Education Loan scheme Eligibilty of Candidate for IDBI Bank Education Loan Candidate should be an Indian National. MS. Quantum of Loan Maximum Amount for India : Rs 10. Courses conducted by CIMA. Post graduation: MCA.

essential for completion of the course Any other expense required to complete the course . Security for IDBI Bank Education Loan For loans upto Rs. project work. No security For loans above Rs.4 lacs.00 lakh and up to Rs. thesis.like study tours.00 lakh --.7.00 lakh Expenses covered under IDBI Bank Education Loan scheme         Fee payable to college / school/ hostel Examination / Library / Laboratory fee Purchase of books / equipments / instruments / uniforms Caution deposit / building fund / refundable deposit supported by Institution bills / receipts Travel expenses / passage money for studies abroad Purchase of computers . For loans above Rs.33 times the amount of loan sought). .7. 4.Co obligation of parents together with collateral security in the form of suitable third party guarantee.Co obligation of parents . (The minimum value shall be 1. 4.Maximum Amount Overseas : Rs 20.Collateral security in the form of Land/ building.50 lakh --.4 lacs the margin is 5% and 15% for India and abroad respectively. etc. For loans above Rs.50 lakh --. Insurance premium for student borrower Margin for IDBI Bank Education Loan There is no margin for loans up to Rs.

.Govt. KVP. Medicine.Gnanamitra Education Loan Course Eligibility for State Bank of Mysore Education Loan Diploma / Graduate / Post-graduate courses in the faculties of Engineering. LIC policy. shares/ debentures. Technology. Agricultural Science. gold. Dental Science. bank deposit in the name of parent/ guardian or in the name of the co-applicant (The minimum value shall be 1. Bank Website for IDBI Bank Education Loan For more information visit bank website: Education Loan State Bank of Mysore State Bank of Mysore Education Loan scheme -. Veterinary Science and Computer Certificate courses of reputed institutes accredited to department of electronics or affiliated to university. securities/ Public Sector Bonds/ Units of UTI. NSC.1 times of the amount of loan sought). Architecture.

Quantum of Loan Maximum Amount for India : Rs 10.00 lacs Maximum Amount Overseas : Rs 20.00 lacs

Margin for State Bank of Mysore Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.

Security for State Bank of Mysore Education Loan For loans upto Rs. 4.00 lakh --- No security For loans above Rs. 4.00 lakh and up to Rs.7.50 lakh --- Co obligation of parents together with collateral security in the form of suitable third party guarantee. For loans above Rs.7.50 lakh --- Collateral security by way of immovable property or equal to the loan amount in the form of Government securities / NSCs / Units of UTI. Guarantee of parents / guardians (in the case of minors, the parent / guardian will execute the documents on behalf of the minor and also in his capacity as co-borrower) / third party guarantee where sufficient

collateral security is not available.

Bank Website for State Bank of Mysore Education Loan For more information visit bank website: Education Loan

Oriental Bank of Commerce

Oriental Bank of Commerce Education Loan scheme

Eligibilty of Candidate for Oriental Bank of Commerce Education Loan Indian nationals not above 45 years of age those who secured admission in a recognized course of an approved university (AICTE approved institutions) OR

institutes recognized by a statutory body.

Quantum of Loan Maximum Amount for India : Rs 10.00 lacs Maximum Amount Overseas : Rs 20.00 lacs

Margin for Oriental Bank of Commerce Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.

Security for Oriental Bank of Commerce Education Loan For loans upto Rs. 4.00 lakh --- Co obligation of parents is must. No security For loans above Rs. 4.00 lakh and up to Rs.7.50 lakh --- No Collateral Security required. Co-obligation of parents/guardian is must. One satisfactory third party quarantee. For loans above Rs.7.50 lakh --- Co-obligation of parents/guardian is obligatory.Mortgage of immovable property or any other tangible security like pledge of NSC/UTI/LIC (Surrender Value)/Bonds/ Banks deposits (Except under

subject to adequate residual value of security. . Extension of charge on property already mortgaged with our Bank. Bank Website for Oriental Bank of Commerce Education Loan For more information visit bank website: Education Loan Punjab and Sind Bank Punjab and Sind Bank Education Loan scheme Eligibilty of Candidate for Punjab and Sind Bank Education Loan Student should be an Indian National.tax saving scheme) etc. Secured admission to professional / technical courses in India or abroad . having value at least equal to 100% of loan.

through entrance Test / Merit Based Selection process.00 lacs Maximum Amount Overseas : Rs 20. CPA in USA etc.MBA. Margin for Punjab and Sind Bank Education Loan . Courses conducted CIMA-London. thesis etc . Diploma courses of reputed / recognized foreign Institutes/ Universities. Course Eligibility for Punjab and Sind Bank Education Loan Graduation: For job oriented professional/technical courses offered by reputed universities Post Graduation : MCA.00 lacs Expenses covered under Punjab and Sind Bank Education Loan scheme Fees payable to college / School/ Hostel / purchase of books / equipment /uniforms/ / travel expenses / passage money for studies abroad/ any other expenses required to complete the course like study tours/ project work.MS etc. Quantum of Loan Maximum Amount for India : Rs 10.

7.50 lakh --. For loans above Rs. One satisfactory third party quarantee.Collateral Security required. 4. 4.00 lakh --.No security For loans above Rs. For loans above Rs.50 lakh --.4 lacs. Security for Punjab and Sind Bank Education Loan For loans upto Rs.There is no margin for loans up to Rs.Collateral and third party quarantee.00 lakh and up to Rs.4 lacs the margin is 5% and 15% for India and abroad respectively. Bank Website for Punjab and Sind Bank Education Loan For more information visit bank website: Education Loan Punjab National Bank .7.

Courses conducted by CIMA.London. Secured admission to Professional / Technical courses in India or abroad through Entrance Test / Merit based Selection process.00 lacs Maximum Amount Overseas : Rs 20.00 lacs . CPA in USA etc. MS. Course Eligibility for Punjab National Bank Education Loan Graduation.MCA. offered by reputed universities abroad.Vidya Lakshya Purti Eligibilty of Candidate for Punjab National Bank Education Loan Student should be an Indian National.Punjab National Bank Education Loan scheme -. Post Graduation cources. Quantum of Loan Maximum Amount for India : Rs 10. etc.for job oriented professional/technical courses offered by reputed universities abroad. MBA.

Co obligation of parents is must.Co-Obligation of Parents together with collateral security in the form of suitable 3rd party guarantee acceptable to the Bank. For loans above Rs.like study tours.00 lakh --.00 lakh and up to Rs. . Boarding and lodging expenses in recognised Boarding Houses / private accomondations Any other expense required to complete the course .50 lakh --.50 lakh ---Co-Obligation of Parents.essential for completion of the Course. Collateral Security of suitable value along with Assignment of future income of the student for payment of installments. Purchase of computers . subject to the condition that the amount does not exceed 10% of the total tution fee for entire course. Margin for Punjab National Bank Education Loan There is no margin for loans up to Rs. 4.7.7.4 lacs the margin is 5% and 15% for India and abroad respectively. No security For loans above Rs. thesis etc.4 lacs. Travel Expenses / Passage money for studies abroad. Insurance premium for student borrower. Security for Punjab National Bank Education Loan For loans upto Rs. Purchase of books / equipments / instruments / uniforms. project work. For loans above Rs. 4. Caution Deposit / Building Fund / Refundable Deposit supported by Institution Bills / Receipts.Expenses covered under Punjab National Bank Education Loan scheme          Fee payable to College / School / Hostel Examination / Library / Laboratory fee.

The document should be executed by both the student and the parent/guardian. Bank Website for Punjab National Bank Education Loan For more information visit bank website: Education Loan Karnataka Bank Karnataka Bank Education Loan scheme -.KBLVIDYANIDHI Eligibilty of Candidate for Karnataka Bank Education Loan Any student. NSC.The security can be in the form of land / building / Govt. or a minor student represented by parent or guardian. who has secured admission to a professional / technical / other course. Course Eligibility Only for job oriented professional / technical courses offered by the reputed . LIC Policy. Shares/ Mutual Funds/ Debentures. Gold. in India or abroad. of Indian nationality. Bank Deposit in the name of the student parent / guardian or any other third party with suitable Margin. Securities / Public Sector Bonds / Units of UTI. KVP. representing himself / herself if major.

00 lakh Maximum Amount Overseas : Rs 20.00 lakh Expenses covered under Karnataka Bank Education Loan scheme Tuition Fees. MS. Hostel Fees and Boarding and Lodging Fees if resident outside Hostel.Universities. Margin for Karnataka Bank Education Loan There is no margin for loans up to Rs. other expenses like Project Work. Courses conducted by CIMALondon. Travel expenses / passage money for study abroad. which are necessary for completion of course. Caution Deposit / Building Fund / Refundable Deposits (supported by Receipts issued by the Institution). Study Tour and Thesis. Post Graduation .4 lacs the . Purchase of Books / Study material / Equipment and Uniforms.MCA. For loans above Rs. Examination / Laboratory and Library Fees.4 lacs. Purchase of Computer if certified as essential for completion of course. Quantum of Loan for Karnataka Bank Education Loan Maximum Amount for India : Rs 10. CPA in USA etc. MBA.

7. Bank Website for Karnataka Bank Education Loan For more information visit bank website: Education Loan State Bank of Hyderabad . Above Rs.7.4 lakh and upto Rs.50 lakh: Collateral in the form of a suitable third party guarantee.50 lakh: Collateral security of suitable value or suitable third party guarantee along with the assignment of future income of the student for payment of instalments. Security for Karnataka Bank Education Loan Up to Rs.margin is 5% and 15% for India and abroad respectively.4 lakh: No security. Above Rs.

4 lacs.00 lacs Maximum Amount Overseas : Rs 20. Secured admission to foreign University / Institution. Quantum of Loan Maximum Amount for India : Rs 10.4 lacs the . For loans above Rs. Secured admission to professional/ technical courses through Entrance Test / Selection process.00 lacs Margin for State Bank of Hyderabad Education Loan There is no margin for loans up to Rs.State Bank of Hyderabad Education Loan scheme Eligibilty of Candidate for State Bank of Hyderabad Education Loan Student Should be an Indian National.

00 Lacs and upto Rs. Above Rs.50 Lacs: .50 Lacs: Collateral in the form of a suitable third party guarantee.7.margin is 5% and 15% for India and abroad respectively.00 Lacs .7. Bank Website for State Bank of Hyderabad Education Loan For more information visit bank website: Education Loan State Bank of India . Security for State Bank of Hyderabad Education Loan Upto Rs. 4.No Security (Co-obligation of parent / guardian is compulsory). Above Rs.4.Collateral security of suitable value or Co-obligation of parents / Guardians / third party guarantee along with the assignment of future income of the student for payment of installments.

SBI Student Loan Scheme Eligibilty for State Bank of India Education Loan Graduation/ Post-graduation for job oriented professional/ technical courses offered by reputed universities Quantum of Loan Maximum Amount for India : Rs 10.00 lacs Maximum Amount Overseas : Rs 20.State Bank of India Education Loan scheme -.00 lacs Expenses covered under State Bank of India Education Loan scheme Fees payable to college/school/hostel Examination/Library/Laboratory fees Purchase of Books/Equipment/Instruments/Uniforms Caution Deposit/Building Fund/Refundable Deposit (maximum 10% tution fees for the entire course) .

Above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively. weive third party guarantee if satisfied with the net-worth/means of parent/s who would be executing the documents as "joint borrower". 50.50 lacs -. along with the assignment of future income of the student for payment of installments. 4 lacs to Rs. 4 lacs -. Security for State Bank of India Education Loan Upto Rs. Margin for State Bank of India Education Loan There is no margin for loans up to Rs. For loans above Rs. 7.Travel Expenses/Passage money for studies abroad Purchase of computers considered necessary for completion of course Cost of a Two-wheeler upto Rs. project work etc. The bank may.4 lacs. in exceptional cases. at its discretion. 7.No Security Above Rs.000/Any other expenses required to complete the course like study tours.50 lacs -.Tangible collateral security of suitable value. .Collateral security in the form of suitable third party guarantee.

Must have secured admission on the basis of merit to professional/ technical/other courses through entrance test/selection process.Bank Website for State Bank of India Education Loan For more information visit bank website: Education Loan Syndicate Bank Syndicate Bank Education Loan scheme -. Must have secured admission to Foreign universities/Institution (for studies abroad).SyndVidya Eligibilty of Candidate for Syndicate Bank Education Loan Any student who is a major representing himself or a minor student represented by parent or guardian of Indian nationality. . Deviation/relaxation is also permitted under special circumstances. Course Eligibility for Syndicate Bank Education Loan Graduation : For job oriented professional/technical courses offered by reputed universities.

For loans above Rs. cost of books. Other Foreign Diploma courses are not eligible. examination fee.00 lacs Expenses covered under Syndicate Bank Education Loan scheme Need based finance to meet expenses such as fee payable to college / school / hostel. Etc. Capitation fee / donation / external coaching fee are not eligible for finance. CPA in USA etc. Courses conducted by CIMA-London. . Quantum of Loan Maximum Amount for India : Rs 10.Post Graduation: MCA. travel / passage fare for studies abroad etc.00 lacs Maximum Amount Overseas : Rs 20.4 lacs.4 lacs the margin is 5% and 15% for India and abroad respectively. MS. Margin for Syndicate Bank Education Loan There is no margin for loans up to Rs. MBA.

7.NIL. For loans above Rs.Collateral security with 25% margin covering the loan amount and assignment of future income of the student for payment of loan instalments.7. Bank Website for Syndicate Bank Education Loan For more information visit bank website: Education Loan United Bank of India .Collateral in the form of satisfactory third party guarantee acceptable to the Bank.50 lac .50 lac .Security for Syndicate Bank Education Loan For loans upto Rs.4.00 lac and upto Rs. For loans above Rs.00 lac .4.

CPA in USA etc. Quantum of Loan Maximum Amount for India : Rs 10. Courses conducted by CIMA .United Bank of India Education Loan scheme Eligibilty of Candidate United Bank of India Education Loan Student should be an Indian National.London. Course Eligibility for United Bank of India Education Loan Graduation : For job-oriented professional/ technical courses offered by reputed Universities. MS. Post Graduation : MCA.00 lacs Maximum Amount Overseas : Rs 20. . Examination/ Library/ Laboratory Fee. etc. Purchase of Books/ Equipments/ Instruments/ Uniforms. MBA.00 lacs Expenses covered under United Bank of India Education Loan scheme Fees payable to College/ School/ Hostel.

4 lacs the margin is 5% and 15% for India and abroad respectively. Above Rs. 4.Caution Deposit/ Building Fund/ Refundable Deposit supported by Institution Bills/ Receipts. 7. For loans above Rs. 7.50 lakh: Collateral in the form of a suitable third party guarantee. 4.00 Lacs : Nil Above Rs. Bank Website for United Bank of India Education Loan . etc. Margin for United Bank of India Education Loan There is no margin for loans up to Rs. project work. Any other expenses required to complete the Course like study tours. thesis. Travel Expenses/ Passage Money for studies abroad.4 lacs.00 Lacs and upto Rs. Purchase of Computers : Essential for completion of the Course. Security for United Bank of India Education Loan Upto Rs.50 lacs: Collateral of suitable value or suitable third party guarantee.

MS. MBA. Secured admission to foreign University / Institution. etc. No maximum or minimum income is prescribed for parents/family. Post Graduation : MCA.For more information visit bank website: Education Loan UCO Bank UCO Bank Education Loan scheme Eligibilty of Candidate for UCO Bank Education Loan Applicant must have secured admission to professional/technical course through Entrance Test/Selection Process. Course Eligibility for UCO Bank Education Loan Graduation : Job oriented professional / technical courses offered by reputed Universities. .

CPA in U. .S. Examination/Library/Laboratory fees. Travel Expenses/Passage for studies abroad.Courses conducted by CIMA – London. including Computers.00 lakh Expenses covered under UCO Bank Education Loan scheme Course Fees Hostel/Boarding Fees including caution deposit/building fund etc. Margin for UCO Bank Education Loan There is no margin for loans up to Rs..4 lacs the margin is 5% and 15% for India and abroad respectively. Quantum of Loan Maximum Amount for India : Rs 10.A. Stationery & Equipment required for the course. etc. Books.00 lakh Maximum Amount Overseas : Rs 20.4 lacs. For loans above Rs.

00 lacs – Collateral securities by way of suitable 3rd party guarantee or tangible security equivalent to loan amount.4.Security for UCO Bank Education Loan Upto Rs.4.00 lacs – No security Above Rs. Bank Website for UCO Bank Education Loan For more information visit bank website: Education Loan .

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