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					S.NO Bank Name        Eligibility Criteria         Studies in India
                                                   Studies in India:
                                                   Graduation Courses- B.A,
                      (a) Student eligibility:     B.COM, B.Sc. etc.
                      Student be an Indian         Post Graduation Courses:
                      National                     Masters Courses, Ph D,
                      Secured admission to         etc.
                      professional/ technical      Professional Courses:
                      courses in India or          Engineering, Medical,
                      Abroad through Entrance      Agriculture, Veterinary,
                      Test / Merit based           Law, Dental,
   1 Allahabad Bank   Selection process.           Management,




                                                Candidates should be
   2 Andhra Bank      N/A                       within 12-30 years of age.
                      Axis Bank's Study Power
                      aims to provide financial
                      support to deserving
                      students for pursuing
                      higher professional or
                      technical education in
                      India and abroad. The
                      loan would be provided to
                      students who have
                      obtained admission to
                      Should be an Indian
   3 Axis Bank        career-oriented courses   N/A
                      National.


                      Secured admission to
                      Professional/Technical
                      Courses at foriegn
                      Universities/Institutions.




   4 Bank of Baroda                                N/A
                          STUDENT'S ELIGIBILITY:      Studies in India
                          Should be an Indian         (Indicative list):
                          National;                   Graduation courses : BA,
                          Secured admission to        B.Com., B.Sc., etc.
                          professional/technical      Post Graduation courses :
                          courses in India or         Masters & Phd.
                          Abroad through Entrance     Professional courses :
                          Test/Merit based            Engineering, Medical,
                          selection process.          Agriculture, Veterinary,
                          Good academic career.       Law, Dental,
5 Bank of India           The student should not      Management, Computer,
                          Student Loan of Bank of     School education
                          Maharashtra is sanctioned   including plus 2 stage of
                          to those candidates, who    CBEC & State Education
                          are Indian Nationals. You   Boards.
                          can also apply if you get   Graduation
                          admission to a              courses/Colleges under
                          professional or technical   universities approved by
                          program through             UGC.
                          selection procedure or      B.A, B.Com, B.Sc. etc.
                          entrance test. An           Post graduation courses,
6 Bank of Maharashtra     applicant will also be      Masters and PhD




7 Bank of Rajasthan       N/A                         N/A




                          Student should be an
                          Indian National having
                          secured admission to
                          Professional / Technical
                          courses through entrance
                          test / selection process.
8 Central Bank of India   Age: 16-40.               N/A
                      Student should be an          Studies in India
                      Indian National.
                                                    v Graduation Courses :
                      v Should have completed       BA, B.Com, B.Sc., etc
                      previous qualifying
                      examination.                  v Post Graduation
                                                    Courses : Masters & Phd.
                      v Secured admission to
                      professional/ technical   v Professional Courses :
                      courses in India or       Engineering, Medical,
 9 Corporation Bank   Abroad through Entrance Agriculture, Veterinary,
                      You are an Indian
                      national and have secured
                      admission to a
                      professional or technical
                      course in an Indian or
                      Foreign university.

                      ·   Simply walk in with       Graduation courses, Post-
                      the marksheet of the          Graduation courses,
                      qualifying exam. and          Masters & PhD,
10 Dena Bank          proof of admission.           Professional courses.
                      Candidates applying for       There are various
                      Federal Bank student loan     undergraduate and
                      should be Indian              postgraduate courses
                      nationals. Applicants will    which are eligible for
                      be considered eligible        Federal Bank student
                      only if they get admission    loan. The courses should
                      to various professional or    be offered by reputed
                      technical courses through     institutions affiliated to
                      merit based selection         universities and
                      process or entrance           government statutory
11 Federal Bank       examination.                  bodies.
                      Candidates willing to         Management Courses (
                      apply for HDFC Bank           Full-Time + Part Time ) -
                      education loan should be      PostGraduation
                      Indian Nationals.             Engineering Courses (
                      Applicants should be          Government + Private ) -
                      between 16-35 years of        Graduation
                      age. Collateral security is   Medicine - Graducation +
                      essential for loans above     Post Graducation
                      Rs. 7.5 lacs. A co-           Masters in Computer
                      applicant is required if      Application ( MCA/MCM) -
12 HDFC Bank          you are applying for full     Post Graduation
13 HSBC Bank             N/A                          N/A
                                                      Studies in India:
                                                      Graduation courses : BA,
                                                      B.Com., B.Sc., etc
                                                      Post Graduation courses :
                                                      Masters & Phd
                                                      Professional courses :
                                                      Engineering, Medical,
                                                      Agriculture, Veterinary,
                                                      Law, Dental,
                                                      Management, Computer
14 IDBI Bank             N/A                          etc




                         Should be an Indian
                         National
                         Should have secured
                         admission to
                         professional/technical
                         courses in India or abroad
15 India Overseas Bank                                N/A
                         The applicant should be
                         an Indian National.
                         He / She should have         Diploma/Graduation/Post-
                         secured admission to         graduation courses in
                         professional / technical     various disciplines.
                         courses in India or abroad   Computer certificate
                         through Entrance Test /      courses of reputed
                         Merit based selection        institutes accredited to
                         process.                     The Department of
                         Age of the Student - 15 to   Electronics.
16 Indian Bank           30 Years (For Studies in
                            A student needs to be an
                            Indian national to apply
                            for Karnataka Bank
                            Student Loan.
                            He should get admission
                            to a professional,
                            technical or other kind of
                            program either in India or
                            abroad
                            The applicant needs to be
17 Karnataka Bank           an adult or a minor        N/A


                          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
18                        statutory body.
     Oriental Bank of Commerce                          N/A
                          Candidates applying for
                          the education loan need
                          to satisfy certain
                          eligibility criteria as
                          specified by the Punjab
                          and Sind Bank                 Job oriented graduation
                          Applicants should be          courses, post graduation
                          Indian Nationals              courses and courses
                          Candidates will be            conducted by CPA-USA
                          considered eligible if they   and CIMA-London.
19   Punjab and Sind Bank get admission to various
                          PNB has laid down a set       Proof of being an Indian
                          of eligibility criteria for   national i.e., School
                          sanctioning the education     Leaving Certificate.
                          loans.                        Letter confirming
                          A student, who is an          selection through
                          Indian national, can apply    Entrance Test.
                          for the loan.                 Letter confirming
                          An applicant is considered    admission to foreign
                          eligible for PNB              university/institutions.
                          educational loan, if he       Brochure of the
20   Punjab National Bank gets admitted to a            educational institution
                           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
21   State Bank of India   will be considered eligible N/A
                           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
22                         also be considered
     State Bank of Hyderabad applicant of a loan        N/A
                           An
                           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
23   `State Bank of Indore entrance test.               N/A




24 State Bank of Mysore     N/A                       N/A
                          Any student who is a        Graduation: B.A., B.Com,
                          major representing          B.Sc., etc.
                          himself or a minor
                          student represented by
                          parent or guardian of       Post graduation: Masters
                          Indian nationality.         & Phd.


                          Must have secured           Professional courses:
                          admission on the basis of   Engineering, Medical,
25 Syndicate Bank         merit to professional/      Agriculture, Veterinary,
                          Applicant must have         School education
                          secured admission to        including plus 2 stage.
                          professional/technical
                          course through Entrance     Graduation courses
                          Test/Selection Process.     leading to degrees like
                                                      B.A., B.Sc., B.Com. etc.
                          Secured admission to
                          foreign University /        Post Graduate courses
                          Institution.                leading to Masters
                                                      degrees as also Ph.D.
26 UCO Bank               No maximum or minimum
                                                      United Bank of India also
                                                      provides financial
                                                      assistance to meritorious
                                                      students willing to pursue
                                                      their higher studies in
                                                      abroad. Undergraduate
                                                      courses, Postgraduate
                                                      courses and various other
                                                      courses conducted by CPA
                                                      in USA and CIMA in
27 United Bank of India   N/A                         London are eligible for
                          Student should be an        Graduation courses : BA,
                          Indian National and         B.Com., B.Sc., etc.
                          should have secured
                          admission to the relevant   Post Graduation courses :
                          Professional/ Technical     Masters & Phd.
                          courses in India or
                          Abroad through Entrance     Professional Courses
                          Test/ Merit Based           :Engineering, Medical,
                          Selection process.          Agriculture, Veterinary,
                          However there is no age     Law, Dental,
28 Vijaya Bank            restriction for the         Management, Computer
Studies
Studies Abroad              Quantum of Loan
Abroad:Graduation: For      Need based finance subject to
Job oriented                repaying capacity of the
professional/technical      parents / students with
courses offered by          following ceilings:
reputed Universities.       Studies in India: Maximum Rs
Post Graduation: MCA,       10.00 lacs
MBA, MS etc.                Studies abroad: Maximum Rs.
Courses conducted by        20.00 lacs.
CIMA London, CPA in USA
etc.



                          For studies in India the
                          maximum amount of Andhra
Candidates applying for   Bank Student Loan offered is
Dr. Pattabhi Vidya Jyothi Rs.10 lacs. Candidates
education loan should be applying for education loan to
within 18-35 years of age study abroad can get a
                          maximum amount of Rs.20
                          lacs.


                            The quantum of finance under
                            the scheme is capped at
                            Rs 7.5 lacs for studies in India
                            and Rs 15 lacs for studies
                            abroad, which would cover
                            tuition fees, hostel charges (if
                            any), cost of books, etc. The
                            minimum amount of loan
N/A                         would be Rs 50,000.
Graduate/Post Graduate /
Doctorate / Job Oriented
Professional / Technical
Courses offered by
reputed Universities
overseas.
                           Maximum amount of loan : Rs.
Regular Degree/ Diploma 20.00 Lacs.
courses like Aeronautical,
pilot training, shipping
etc. The Institute should
Studies abroad:
Graduation : For job        Need based finance subject to
oriented                    repaying capacity of the
professional/technical      parents/students with margin
courses offered by          and the following ceilings :
reputed universities.       Studies in India - Maximum
Post Graduation : MCA,      Rs.10.00 lakh
MBA, MS, etc.               Studies abroad - Maximum
Courses conducted by        Rs.20.00 lakh.
CIMA - London, CPA in
USA, etc


Graduation : For job
oriented professional/
technical courses offered
by reputed universities.
Post graduation : MCA,      The maximum amount of loan
MBA, MS etc.                sanctioned by Bank of
Courses conducted by        Maharashtra for studying in
CIMA - London, CPA in       India and abroad is Rs 10 lacs
USA etc.                    and 20 lacs respectively.


                            There is a limit to the amount
                            of education loan sanctioned
                            by Bank of Rajasthan.
                            A candidate, planning to study
                            in India can apply for a
                            maximum loan amount of Rs
                            15 lacs.
                            The amount is Rs 30 lacs for
N/A                         studies in abroad.




                             Rs. 10 lacs for studies in
                            India.
                             Rs. 20 lacs for studies
                            Abroad
N/A
Studies abroad
                             Need based finance subject to
Graduation : For job         repaying capacity of the
oriented professional/       parents/students with margin
technical courses offered    and the following ceilings:
by reputed universities
Post Graduation : MCA,       Studies in India - Maximum
MBA, MS etc                  upto Rs.10 lakhs
Courses conducted by         Studies in Abroad - Maximum
CIMA - London, CPA in        upto Rs.20 lakhs
USA etc
Graduation for
professional/ technical
courses offered by
reputed universities; Post Upto Rs.10 lakhs for studies in
Graduation (MCA, MBA,      India.
MS)
                           · Upto- Rs. 20 lakhs for
 Loan Amount               studies abroad.



                             Federal Vidya Loan-The
                             maximum education loan
                             offered under this scheme is
                             Rs.25 lacs. Federal Special
                             Vidya Loan-The maximum
                             education loan offered is
                             Rs.7.5 lacs (Studies in India)
                             and Rs.15 lacs (Studies
                             abroad) respectively.
N/A
                             For loans with Moratorium :
                             Studying in India - Max Rs. 10
                             Lakhs
                             Studying abroad - Max Rs. 20
                             Lakhs
                             For Loans without Moratorium
                             :
                             Studying in India - Max Rs.
                             7.50 Lakhs
                             Studying abroad - Max Rs. 10
N/A                          Lakhs
N/A
Studies abroad:             N/A
Graduation: For job
oriented professional/
technical courses offered
by reputed universities.
Post graduation: MCA,
MBA, MS, etc. Courses
conducted by CIMA-          Maximum loan amount :
London, CPA in USA etc.
Special Courses             Study in India-Rs.10 lakhs
Regular Degree/Diploma      Study Abroad -Rs.20 lakhs




                            Maximum of Rs. 10.00 lakh for
                            studying in India and Rs. 20.00
                            lakh for studying abroad.

N/A


Job-oriented
professional/technical      For Studies in India - Rs.10.00*
courses offered by          lakhs
reputed universities.       For Studies Abroad - Rs.20.00*
MCA, MBA, MS etc.           lakhs
Courses conducted by        * Higher quantum of loan also
CIMA – London, CPA in       can be considered in
USA etc.                    deserving and meritorious
                            cases.
If you study employment-
oriented graduate          You can apply for a maximum
program or post graduate   loan amount of Rs 7.5 lacs for
program like MS, MBA and   studying in India. For studying
MCA or other courses of    abroad, you can apply for a
CPA in the US or CIMA-     maximum amount of Rs 15
London abroad, you can     lacs.
apply for the loan.




                           Education in India - Max.
                           Rs.10.00 lacs.
                           Education Abroad - Max.
                           Rs.20.00 lacs.
N/A




                           A maximum education loan
                           amount of Rs.7.5 lacs and
                           Rs.15 lacs are offered for
                           studies in India and abroad
N/A                        respectively.




                           You can borrow a maximum of
                           Rs 7.5 lacs and Rs 15 lacs for
                           studying in India or abroad
N/A                        respectively
      An applicant is sanctioned a
      loan of maximum Rs 10 lacs
      for studying in India and Rs 20
      lacs for studying in abroad. On
N/A   a loan above Rs 4 lacs




      A maximum amount of Rs 10
      lacs is sanctioned for studying
      in India. The amount for
      studying in abroad is Rs 20
N/A   lacs.



      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
N/A   lacs respectively.




      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
N/A   both the cases is Rs 10,000.
Graduation : For job         Need based finance to meet
oriented                     expenses such as fee payable
professional/technical       to college / school / hostel,
courses offered by           examination fee, cost of
reputed universities.        books, travel / passage fare for
                             studies abroad etc.

Post Graduation: MCA,
MBA, MS. Etc.             Capitation fee / donation /
                          external coaching fee are not
Graduation : Job oriented
                          eligible for finance.
professional / technical  Need based finance subject to
courses offered by        repaying capacity of
reputed Universities.     parents/students with
                          following ceilings :
Post Graduation : MCA,
MBA, MS, etc.             Studies in India : Maximum Rs.
                          10.00 Lac
Courses conducted by
CIMA – London, CPA in     Studies Abroad : Maximum Rs.
U.S.A., etc.              20.00 Lac.
                             Candidates applying for the
                             loan should be Indian
                             nationals and need to secure
                             admission through entrance
                             test or a selection procedure in
                             renowned institutions and
                             universities. The maximum
                             amount of loan granted for
                             study in India is Rs. 7.5 lacs.
                             Students willing to study
N/A                          abroad can get education loan
Graduation: For job
oriented professional /
technical courses offered
by the reputed university.

Post graduation: MCA,        Studies in India : Maximum
MBA, MS, etc.                Rs.10.00 lakhs

Courses conducted by         Studies abroad : Maximum
CIMA-London, CPA in          Rs.20.00 lakhs
USA, etc.
Documents to be Submitted
Letter of admission from the Institute
                                                  Expenses Considered for Loan
                                                  Fee payable to College / School /Hostel
Mark sheets from SSC onwards till the latest      Examination/Library/Laboratory Fee
examination passed                                Purchase of Books / Equipments/ Instruments/
Letter from the Head of Department                Uniforms.
(University)                                      Caution Deposit/ Building Fund/ Refundable Deposit
Visa approval papers                              supported by Bills/Receipts of the Institution, subject
Travel papers                                     to the conditions that amount does not exceed 10% of
GMAT/GRE/SAT score                                the total tuition fees for the entire course.
I-20 in case of applicant going to the USA        Travel Expenses/Passage Money for studies abroad.
Income Documents of the Co-applicant (Pay         Purchase of Computers essential for completion of the
Slips / ITR copy etc )                            course.
Declaration/Affidavit confirming that no loan
has been availed from other Bank/Institution
completely filled Application Form with
Photographs.
Letter of admission from the Institute
Letter from the Institute stating cost break up   The education loan covers tuition fee, examination fee,
of the program (term-wise, year-wise)             expense of study tours, hostel charges, cost of books
Mark sheets from SSC onwards till the latest      and refundable deposits. The travel expenses and
examination passed                                passage money are also included in the loan.
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,
Letter of admission from the Institute
Mark sheets from SSC onwards till the latest
examination passed
Letter from the Head of Department
(University)
Visa approval papers
Travel papers
GMAT/GRE/SAT score
I-20 in case of applicant going to the USA
Income Documents of the Co-applicant (Pay
Slips / ITR copy etc )                            N/A
Letter of admission from the Institute            Fee payable to college/school/hostel*
Mark sheets from SSC onwards till the latest      Examination/Library/Laboratory fee.
examination passed                                Purchase of books/equipments/instruments/uniforms.
Letter from the Head of Department                Caution deposit/building fund/refundable deposit
(University)                                      supported by Institution bills/receipts.
Visa approval papers                              Travel expenses/passage money for studies abroad.
Travel papers                                     Purchase of computers - essential for completion of
GMAT/GRE/SAT score                                the course.
I-20 in case of applicant going to the USA        Insurance cover for the student.
Income Documents of the Co-applicant (Pay         Any other expense required to complete the course -
Slips / ITR copy etc )                            like study tours, project work, thesis, etc.
Declaration/Affidavit confirming that no loan     Fee payable to college/school/hostel*
has been availed from other Bank/Institution      Examination/Library/Laboratory fee.
completely filled Application Form with           Purchase of books/equipments/instruments/uniforms.
Photographs.                                      Caution deposit/building fund/refundable deposit
Letter of admission from the Institute            supported by Institution bills/receipts.
Letter from the Institute stating cost break up   Travel expenses/passage money for studies abroad.
of the program (term-wise, year-wise)             Purchase of computers - essential for completion of
Mark sheets from SSC onwards till the latest      the course.
examination passed                                Insurance cover for the student.
KYC Documents for the Applicant & Co-             Any other expense required to complete the course -
applicant (Residence Proof , ID Proof ,           like study tours, project work, thesis, etc.
Proof of being an Indian national i.e., School
Leaving Certificate.
Letter confirming selection through Entrance
Test.
Letter confirming admission to foreign
university/institutions.
Brochure of the educational institution stating Education Loan Scheme of Bank of Maharashtra
the amount of fees charged.                     covers cost of books, instruments and other
                                                equipments, travel expenses, tuition fees and other
                                                costs related to completing the course.




It takes about 15 days to complete the
proceedings of a loan and you need to submit
mark sheets as well as proof of your admission
and educational cost to the bank while
applying for the loan.

                                                  N/A
Declaration/Affidavit confirming that no loan
has been availed from other Bank/Institution
completely filled Application Form with
Photographs.
Letter of admission from the Institute            For payment of Hostel fee caution deposit, refundable
Letter from the Institute stating cost break up   deposit, admission, examination, library, laboratory,
of the program (term-wise, year-wise)             cost of books, equipments, uniforms, computer
Mark sheets from SSC onwards till the latest      (Hypothecated). One-way air passage in case of
examination passed                                studies abroad. Reimbursement of admission fee
KYC Documents for the Applicant & Co-             books airfare etc., if already incurred, within 1 month
applicant (Residence Proof , ID Proof ,           for studies in India / 6 weeks for abroad.
Declaration/Affidavit confirming that no loan     Fee payable to college/school/hostel
has been availed from other Bank/Institution
completely filled Application Form with           v Examination/Library/Laboratory fee
Photographs.
Letter of admission from the Institute            v Purchase of books/equipments/instruments/
Letter from the Institute stating cost break up   Uniforms
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest      v Caution deposit*
examination passed
KYC Documents for the Applicant & Co-             v Travel expenses/ passage money for studies abroad
applicant (Residence Proof , ID Proof ,
Declaration/Affidavit confirming that no loan     Fee payable to colleges/ schools/ hostels
has been availed from other Bank/Institution      Examination/ Library/ Laboratory fees.
completely filled Application Form with           Purchase of books, equipment, instruments and
Photographs.                                      uniforms.
Letter of admission from the Institute            Passage fare for travel abroad.
Letter from the Institute stating cost break up   Purchase of computers needed to complete the
of the program (term-wise, year-wise)             course.
Mark sheets from SSC onwards till the latest      Any other expense to complete the course like study
examination passed                                tours, project work, thesis etc.
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,
Declaration/Affidavit confirming that no loan
has been availed from other Bank/Institution
completely filled Application Form with
Photographs.
Letter of admission from the Institute
Letter from the Institute stating cost break up
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest
examination passed
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,           N/A
Declaration/Affidavit confirming that no loan     Fee Payable to College/School/Hostel
has been availed from other Bank/Institution      Exam/Library/Lab fees
Completely filled Application Form with           Caution deposit / Refundable deposit asked by the
Photographs.                                      institution/Building fund - supported by Institution
Letter of admission from the Institute            bills/receipts
Letter from the Institute stating cost break up   Purchase of Books/equipments/instrument/uniforms
of the program (term-wise, year-wise)             Travel expenses/passage money for studies abroad
Marksheets from SSC onwards till the latest       Purchase of computers - essential for completion of
examination passed                                the course
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,           Any other expense required to complete the course -
Declaration/Affidavit confirming that no loan
has been availed from other Bank/Institution
completely filled Application Form with
Photographs.
Letter of admission from the Institute
Letter from the Institute stating cost break up
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest
examination passed
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,           N/A
Declaration/Affidavit confirming that no loan     Fee payable to college/ school/ hostel
has been availed from other Bank/Institution      Examination/ Library/ Laboratory fee
completely filled Application Form with           Purchase of books/ equipments/ instruments/
Photographs.                                      uniforms
Letter of admission from the Institute            Caution deposit/ building fund/ refundable deposit
Letter from the Institute stating cost break up   supported by Institution bills/ receipts
of the program (term-wise, year-wise)             Travel expenses/ passage money for studies abroad
Mark sheets from SSC onwards till the latest      Purchase of computers - essential for completion of
examination passed                                the course
KYC Documents for the Applicant & Co-             Any other expense required to complete the course -
applicant (Residence Proof , ID Proof ,           like study tours, project work, thesis, etc.`
Declaration/Affidavit confirming that no loan
has been availed from other Bank/Institution
completely filled Application Form with
Photographs.
Letter of admission from the Institute
Letter from the Institute stating cost break up
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest
examination passed
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,           N/A
Particulars/Documents to be submitted
Sl. No. Particulars For studies in India For
studies Abroad
1234
1. Proof of residence Xerox copies of Ration
Card or Voters Identity Card or Passport or
Electricity or Telephone bill or any such
document acceptable to the bank Same as in
Col.3
2. Academic record Copy of the Xth std/XIIth
std mark list, for under graduates. Degree mark   N/A
Declaration/Affidavit confirming that no loan     Karnataka Bank Student Loan covers several kinds of
has been availed from other Bank/Institution      expenses related to an academic program. Tuition fee,
completely filled Application Form with           cost of books and other study materials, travel
Photographs.                                      expenses and lodging expense and several other
Letter of admission from the Institute            costs are included in the loan. Even fees for exam,
Letter from the Institute stating cost break up   library and laboratory as well as caution deposit,
of the program (term-wise, year-wise)             refundable deposit and building fund are covered by
Mark sheets from SSC onwards till the latest      loan. All other expenses, which are essential for
examination passed                                completing the course, are taken into account.
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,
Declaration/Affidavit confirming that no loan     For higher education(after schooling).
has been availed from other Bank/Institution      Items eligible for Finance:-
completely filled Application Form with           Admission fee/Monthly fee/Examination fee, Books,
Photographs.                                      Stationery & equipments,
Letter of admission from the Institute            Air fare for joining the course abroad, Boarding &
Letter from the Institute stating cost break up   lodging expenses of hostel/boarding houses, where
of the program (term-wise, year-wise)             charges are standardised and paid to the Management
Mark sheets from SSC onwards till the latest      of the Boarding House. Any other expenses required
examination passed                                to complete the course like study tours, project work,
KYC Documents for the Applicant & Co-             thesis etc.
applicant (Residence Proof , ID Proof ,
Declaration/Affidavit confirming that no loan
has been availed from other Bank/Institution
completely filled Application Form with           The education loan offered by Punjab and Sind Bank
Photographs.                                      covers examination fee, tuition fee, expense of
Letter of admission from the Institute            educational tours, hostel charges, cost of purchasing
Letter from the Institute stating cost break up   books and refundable deposits.
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest
examination passed                                The loan also includes travel expenses and passage
KYC Documents for the Applicant & Co-             money of students traveling abroad.
applicant (Residence Proof , ID Proof ,
Declaration/Affidavit confirming that no loan     The education loan of Punjab National Bank covers the
has been availed from other Bank/Institution      college, school or hostel fee and expenses for buying
completely filled Application Form with           books, instruments or uniform. It also includes exam,
Photographs.                                      laboratory or library fee apart from money for buying
Letter of admission from the Institute            computer, if necessary for pursuing the program. Your
Letter from the Institute stating cost break up   travel and lodging expenses will also be covered by
of the program (term-wise, year-wise)             the loan. Even Caution Deposit, refundable deposit or
Mark sheets from SSC onwards till the latest      building fund and any other cost essential for studying
examination passed                                the program will be considered for loan.
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,
Completed Education Loan Application Form.
Mark sheets of last qualifying examination          The student loan covers school, college or hostel fees
Proof of admission scholarship, studentship         as well as cost for buying books and other necessary
etc                                                 items.
Schedule of expenses for the specified course       Apart from the library, exam or library fees, even
2 passport size photographs                         caution deposit, refundable deposit and building fund
Borrower's Bank account statement for the last      are considered for the loan.
six months                                          Other expenses, which are mandatory for completing
Income tax assessment order, of last 2 years        the course, travel expense as well as a maximum cost
Brief statement of assets and liabilities, of the   of Rd 50,000 for buying a 2 wheeler, are taken into
Co-borrower                                         account.
Declaration/Affidavit confirming that no loan
has been availed from other Bank/Institution
completely filled Application Form with
Photographs.
Letter of admission from the Institute
Letter from the Institute stating cost break up
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest
examination passed
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,             N/A
Declaration/Affidavit confirming that no loan
has been availed from other Bank/Institution
completely filled Application Form with
Photographs.
Letter of admission from the Institute
Letter from the Institute stating cost break up
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest
examination passed
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,             N/A
Copies of certificates/marks sheets of
examinations passed (from SSLC onwards)
2. Testimonials from the head of the institution
last attended/other respectable persons (at
least 2 persons).
3. Copies of letters conferring scholarship,
freeship, studentship etc.,
4. Proof of the admission/provisional selection     Student Loans of State Bank of Mysore cover tuition
letter for the course.                              fee as well as other costs including that of books and
5. Schedule of expenses for the course.             instruments. It also includes maintenance costs as
6. Two copies of passport size photograph of        well as travel expenses.
Declaration/Affidavit confirming that no loan
has been availed from other Bank/Institution
completely filled Application Form with
Photographs.
Letter of admission from the Institute
Letter from the Institute stating cost break up
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest
examination passed
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,           N/A
Declaration/Affidavit confirming that no loan     Hostel/Boarding Fees including caution
has been availed from other Bank/Institution      deposit/building fund etc.
completely filled Application Form with
Photographs.                                      Books, Stationery & Equipment required for the
Letter of admission from the Institute            course, including Computers.
Letter from the Institute stating cost break up
of the program (term-wise, year-wise)             Examination/Library/Laboratory fees.
Mark sheets from SSC onwards till the latest
examination passed                                Travel Expenses/Passage for studies abroad.
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,
Declaration/Affidavit confirming that no loan     Fees payable to College/ School/ Hostel.
has been availed from other Bank/Institution
completely filled Application Form with           Examination/ Library/ Laboratory Fee.
Photographs.
Letter of admission from the Institute            Purchase of Books/ Equipments/ Instruments/
Letter from the Institute stating cost break up   Uniforms.
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest      Caution Deposit/ Building Fund/ Refundable Deposit
examination passed                                supported by Institution Bills/ Receipts.
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,           Travel Expenses/ Passage Money for studies abroad.
Declaration/Affidavit confirming that no loan     Fee payable to college/ school/ hostel.
has been availed from other Bank/Institution
completely filled Application Form with           Examination/ Library/ Laboratory fee.
Photographs.
Letter of admission from the Institute            Purchase of books/ equipments/ instruments/
Letter from the Institute stating cost break up   uniforms.
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest      Caution deposit/ building fund/ refundable deposit
examination passed                                supported by Institution bills/ receipts.
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,           Travel expenses/ passage money for studies abroad.
Margin                                    Rate of Interest
                                          Loan Upto Rs. 4.00 lacs

For loan upto Rs 4.00 lacs: NIL
For loan above Rs 4.00 lacs:              For students of IIT / IIM/ ISB*
(i) Studies in India: 5%                  PLR-1.75%
(ii) Studies abroad: 15%
Scholarship / Assistantship to be         For Others
included in Margin.                       PLR-0.75%
Margin Money to be brought on year-to-
year basis and disbursements are made     Loan above Rs. 4.00 lacs
on a pro-rata basis




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

                                          N/A




No margin for loans upto Rs 4 lacs. For
loans above Rs 4 lacs, 5% margin for
studies within India and 15% for higher
studies overseas.                         N/A
                                          Simple interest during repayment
                                          holiday/moratorium period.


                                          1% interest concession, if interest
                                          debited during the repayment
                                          holiday is serviced.

Margin : 15%
                                          1% Concession in rate of interest to
                                          loans for girl student.
                                            Upto Rs.4.00 lacs – 2.50% below
Upto Rs.4 lakh : Nil                        BPLR., Min. 9.50% p.a.
Above Rs.4 lakh - Studies in India : 5%     Above Rs.4.00 lacs upto Rs.7.50
Studies Abroad : 15%                        lacs – 2.00% below BPLR, Min.
· Scholarship could be included in          10.00% p.a.
margin.                                     Above Rs.7.50 lacs - 1.25% below
· Margin to be brought in on year to year   BPLR, Min. 10.75% p.a.
basis as and when disbursements are         Simple interest during the
made.                                       repayment holiday/moratorium
                                            period. Penal interest @2% for
                                            loans above Rs.4 lakh for the




                                            Loan amount upto and inclusive of
                                            Rs.4.00 lakh
                                            BPLR-2.00% i.e. 10.25% p.a.

There is a margin of 5% and 15% on a        Loan amount above Rs.4.00 lakh
loan amount above Rs 4 lacs.                BPLR-1.25% i.e. 11.00% p.a.




N/A                                        N/A
                                           Cent Vidyarthi - Education Loan
                                           (Irrespective of Amount of Loan and
                                           Place of study i.e. India or Abroad)
                                           Rate of Interest Processing
                                           Charges
                                           Normal Student IIT/ IIM Students
                                           Male BPLR - 2.00% BPLR - 2.50%
                                           Nil
Upto Rs. 4 lacs : NIL, Above Rs. 4 lacs:In Female BPLR - 2.50% BPLR -
India - 5% ,Abroad - 15% Margin            3.00% Nil
(scholarship may be included in margin.) SC, ST, & Minority Community
                                           With effect from 03rd February,
Upto Rs.4 lakhs - Nil                      2009:
Above Rs.4 lakhs - Studies in India 5%
Studies abroad 15%                         Upto Rs.7.50 Lakh
                                           Loans disbursed upto 30.11.2007
- Scholarships / assistantship to be       11.75%
included in margin
- Margin may be brought-in on year-to-      Loans disbursed on or after
year basis as and when disbursement        01.12.2007
are made on a pro-rata basis                12.25%
                                           Products
                                           Revised

                                           Dena Vidyalaxmi Edu. Loan Scheme
Upto Rs. 4 lakhs- NIL for study in India   :
and abroad.
                                           Upto Rs. 4.00 lakhs:
· Above Rs. 4 lakhs- 5% for study in
India and 15% for study abroad.            Repayable in 3 years

                                           Repayble in > 3 yrs.




N/A                                        N/A




N/A                                        N/A
N/A                                        N/A
Loan Margin:                               Upto Rs 4 lacs : BPLR – 1%
                                           (12.50%)
Upto Rs. 4 lac   - Nil                     Above Rs 4 lacs : BPLR (13.50%)

Above Rs. 4 lac -
    - studies in India - 5% of the total   Simple interest to be charged
course expenditure                         during repayment holiday and
    - studies abroad - 15% of the total    moratorium
course expenditure                         Accrued interest during the
                                           repayment holiday period should be
                                           added to the EMIs.




N/A                                        N/A
                                           Upto Rs.4.00 lakhs -12.50 % p.a. at
                                           present
                                           Rs.4.00 lakhs upto Rs.7.50 lakhs -
                                           12.50 % p.a. at present
                                           Above Rs.7.50 lakhs -12.75 % p.a. at
                                           present
Upto Rs.4.00 lakhs - NIL                   Floating Rate linked with
Above Rs.4.00 lakhs                        Benchmark Prime Lending Rate
For Studies in India - 5%                  (BPLR) of the Bank and liable to
For Studies Abroad - 15%                   undergo changes whenever there is
                                           a change in BPLR.
If you take a loan of above Rs 2 lacs,
there is a margin of 25%.

                                              N/A
                                              Rate of Interest: w.e.f. 14.01.2009
                                              For Loan upto Rs. 4.00 Lacs PLR -
                                              1.75 = 10.75 % per annum
                                               For Loan above Rs. 4.00 Lacs PLR -
                                              1.00 = 11.50 % per annum

                                              Interest Rates revised w.e.f.
Upto 4 lacs - NIL                             14.01.2009
Above 4 lacs for education in India - 5%
Education Abroad - 15%                        Education Loan for serving
                                              professionals- PLR+0.75% i.e.




There is no margin for loan amount up to
Rs.4 lacs. For education loans above Rs.
4 lacs, the margin is 5% (studies in India)
and 15% (studies abroad) respectively.

                                              N/A




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.                                       N/A
there is a margin of 5% and 15% for
studying in India and abroad
respectively.                            N/A
Upto Rs.4.00 Lacs - NIL
Above Rs. 4.00 Lacs
       Studies in India - 5% AND Studies
Abroad - 15%
       - Scholarship /assistantship to be
included in margin.
       - Margin may be brought in on year
to year basis as and when
disbursements are made on a pro-rata
basis.                                    N/A




Need based finance subject to repaying
capacity of parents / students.
Studies in India: Max. Rs. 10.00 lacs
Studies Abroad: Max. Rs.20.00 lacs
                                         N/A




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.                                   N/A
                                            For loans upto Rs.7.50 lakhs - PLR
                                            minus 2.00%


For loans upto Rs.4 lac - No Margin         For loans above Rs.7.50 lakhs - PLR
required.                                   minus 2.50%


For loans above Rs.4 lac - 5% for study     No processing charges/service
in India and 15% for study abroad.          charges are levied for educational
                                            loans




Upto Rs. 4 Lac - Nil

Above Rs. 4 Lac Studies in India - 5%

Studies Abroad - 15%

                                            N/A




There is no margin up to Rs.4 lacs. For a
loan amount above Rs 4 lakh, 5% and
15% are the margins for Inland studies
and studies abroad respectively.
                                          N/A
Upto Rs. 4.00 Lakhs : NIL                 BPLR - 1.50 % p.a. Floating
                                          Simple interest basis during study
Above Rs. 4.00 lakhs :Studies in India: 5 & repayment holiday period (upto
%#                                        one year after completion of the
                 :Studies Abroad:15 % # course or six months after securing
                                          a job, whichever is earlier)
# Scholarship / Assistantship to be
included in the margin. Margin can be     Concession for Girl Students : Our
brought in as and when disbursements Bank has extended a 0.50 % interest
are made on prorate basis                 concession to Girl Students for
                                          loans availed on or after 01.11.2008
                                                                            Processing Fees/
Repayment                            Security
                                     For IIT/IIM/ISB*
                                                                            Processing Fees
                                                                            Documentation Charge:

Repayment Holiday / Moratorium is    For loan upto Rs 10.00 lacs- No    For studies in India- Nil
Course Period + 1 year or 6                                             For studies abroad -
                                     collateral security is required. co-
months after getting job,            obligation* of parents/ guardian   Rs.500/- upfront subject
whichever is earlier.                required                           to the conditions that this
                                                                        amount would be
Loan to be repaid within a           *ISB means Indian School           adjusted against the loan
maximum period of 7 years after      Business, Hyderabad For others amount once the loan is
commencement of repayment.                                              availed from us.
                                     For loan upto Rs 4.00 lacs: No
                                     Parents need to act as guarantor
                                     for Andhra Bank education loan
                                     amount up to Rs. 4 lacs. For loans
                                     up to Rs.7.50 lacs, guarantee of
                                     the parents is essential. Both
                                     collateral security and guarantee
                                     by parent are required for
                                     education loans above Rs. 7.50
                                     lacs.

N/A                                                                         N/A
                                     Security:
                                     Third party guarantee and/or
                                     collateral security may be asked
                                     for in appropriate cases.

                                     Additional Security:
                                     Assignment of LIC policy in
                                     favour of the Bank for the sum
                                     assured being at least 100% of the
                                     loan amount. The policy is kept
N/A                                  alive during the currency of the   N/A
Repayment Holiday/Moratorium         Upto Rs.4.00/- lacs : No security
Period :

                                     Above Rs. 4.00 Lacs and up to Rs.
Course period + 1 year or 6          7.5 lacs: Collateral in the form of a
months after getting job,            suitable third
whichever is earlier.                party guarantee alognwith             1% to be recovered
                                     assignment of future income.          upfront, which shall be
The loan is repayable in 5-7 years                                         refunded, if applicant
after the above period.                                                    avails the loan.
                                     Above Rs.7.5 lacs: Tangible
                                      Upto Rs. 4 lakh : No security                       No processing charges.
                                      Above Rs.4 lakh & upto Rs.7.5
                                      lakh : Collateral security in the                   One time charges for any
Repayment holiday/Moratorium :        form of a suitable third party                      deviations from the
Course period + 1 year or 6           guarantee.                                          scheme norms including
months after getting job,              Above Rs.7.5 lakh : Collateral                     approval of courses
whichever is earlier.                 security of suitable value or at the                outside the scheme -
The loan is to be repaid in 5-7       discretion of the Bank suitable
years after commencement of           third party guarantee alongwith                     Upto Rs.4.00 lacs - Rs.
repayment.                            the assignment of future income                     500/-
                                      of the student for payment of                       Over Rs.4.00 lacs upto



The repayment holiday covers 1        Security needs to be submitted by
year after completing the course or   a borrower applying for a loan
6 months after getting a job. Once    amount above Rs 4 lacs. The
you start repaying the student        securities can be submitted in the
loan, you can complete repayment      form of one category or in
in 5 years.                           combinations.

                                                                                          N/A




You can repay Bank of Rajasthan
Student Loans within a time period
of 3 to 5 years                    N/A                                                    N/A
                                   Upto Rs.4 Lakhs: No security

                                      -------------------------------------------------
                                      -------------------------------

                                       Above Rs. 4 lakhs and up to
                                      Rs.7.50 lakhs:
                                      Collaterals in the form of a
                                      satisfactory third party Guarantee

                              ------------------------------------------------- No Processing Fees
Repayment to commence 12 months after completion of studies or 6 months after securing jobs whichever is earlier.
Repayment holiday/Moratorium :       Upto Rs.4 lakhs : Co-obligation of No processing/upfront
Course period + 1 year, or 6         parent/s. No other collateral      charges shall be collected
months after getting the job,        Security                           on educational loan for
whichever is earlier                                                    studies in India. For
                                     Above Rs.4 lakhs and upto          studies abroad,
The loan has to be repaid within a   Rs.7.50 lakhs : Co-obligation of   processing charges @ 1%
maximum period of 10 years after     parents together with collateral   of total loan limit
completion of repayment holiday      security in the form of suitable   sanctioned may be
period.                              third party guarantee.             collected for fresh loan.
                                                                        These charges are scheme
                                     Above Rs.7.5 lacs : Co-obligation specific & inclusive of




Moratorium- Course period + 1
year or 6 months after getting a
job, whichever is earlier.

Repayment period- 5-7 years after
start of repayment.
                                     N/A                               NIL



                                     Federal Bank charges various
Federal Vidya Loan-Eleven years is   kinds of securities for issuing
the maximum time period given for    education loans.
the repayment of loan. Federal
Special Vidya Loan-Five to seven     Federal Vidya Loan-Co-obligant or
years of time is given to the        collateral security is required for
candidates for paying back the       the bank to issue the education
loan.                                loan.                               N/A


Repayment holiday/ moratorium
would be for the course period + 1
year or 6 months after the student
gets a job/start earning whichever
is earlier.Customer has the option
of paying through Standing
instructions/ ECS/Post dated
cheques.
                                     N/A                               N/A
N/A                                    N/A                                N/A
                                       Collateral Security

The repayment of loan to begin
after the course period + 1 year or
6 months after getting a job,          Up to Rs 4 lacs No security
whichever is earlier. The loan to be   Above Rs 4 lacs and up to Rs. 7.5
repaid within 5-7 years (maximum       lacs Collateral in the form of a
tenor 84 months) after                 third party guarantee
commencement of repayment.             Above Rs 7.5 lacs Collateral
                                       security in the form of Land/
                                       building, (The minimum value      N/A




N/A                                    N/A                                N/A
                                       Documents should be executed
                                       both by the student and parent /
                                       guardian as joint borrower.

                                       1. Upto Rs. 4 lacs - No security
The course period PLUS 1 year or
6 months after getting a job,          2. Above Rs. 4 lacs & Upto
whichever is earlier.                  Rs.7.50 lacs - Collateral in the
                                       form of satisfactory third party
Repayable in 5– 7 years.               guarantee
                                                                          N/A
                                        Apart from the parent or guardian
                                        jointly taking the loan, there
                                        should be a guarantor having
                                        networth equal to the loan value
                                        for borrowing a loan upto Rs 2
                                        lacs.
                                        If the loan amount exceeds Rs 2
                                        lacs, a parent or guardian should
                                        jointly take the loan and a
You can repay the loan in 5 to 7        collateral security equal to the
years after repayment is begun.         loan amount should be submitted. N/A
                                        For Loans upto Rs.4.00 lac
                                        No Collateral Security
                                        Co-obligation of parents/guardian
                                        is must.

                                                                              Upto 4 lacs - Rs. 100/-.
                                        For Loans above 4 lacs and upto       Above 4 lacs for education
Within 84 EMIs commencing 12            Rs.7.50 lacs                          in India - Rs. 500/-
months after course or 6 months         No Collateral Security required,      Education Abroad - Rs.
after getting the job, whichever is     Co-obligation of parents/guardian     1000/-
earlier.                                is must
                                        Punjab and Sind Bank demands
                                        various kinds of securities for
                                        issuing education loans.
                                        Loans more than Rs.4 lacs- A
Repayment of loan commences             collateral security
either one year after the course        Loans more than Rs. 7.5 lacs-
ends or six months after one gets       collateral security or guarantee of
a job. It depends on which one is       third party.
earlier to the other.
                                                                              N/A
You can repay the principal sum
and the interest in a time period of
5 to 7 years after you begin            An applicant needs to present a
repaying. In case, a student fails to   3rd party as guarantee for
complete his study in the               borrowing above Rs 4 lacs.
stipulated time period, he will be      If the amount is above Rs 7.5 lacs,
given an extended time of 2 years       the bank asks for a collateral
in maximum for completing the           security or guarantee of a 3rd
program.                                party.

                                                                              N/A
                                      No security is required for loan
                                      amount upto Rs 4 lacs.
                                      A borrower should present a 3rd
The borrower can begin repaying 6     party as guarantee for a loan
months after getting job or one       amount above Rs 4 lacs.                No processing fee/
year after the course is completed,   However, on SBI discretion, this       upfront charges
whichever happens earlier. The        clause of 3rd party guarantee may      Deposit of Rs. 5000/- for
loan can be repaid in a period of 5   be waived off in certain cases.        education loan for studies
to 7 years.                           If you borrow a loan amount            abroad which will be
                                      above Rs 7.5 lacs, you need to         adjusted in the margin
                                      offer a material collateral security   money
                                      Upto Rs. 4.00 Lacs - No Security       No processing charges for
                                      (Co-obligation of parent /             studies abroad upto
                                      guardian is compulsory).               Rs.4.00 Lacs and in case
                                      Above Rs.4.00 Lacs and upto            of studies in India
                                      Rs.7.50 Lacs: Collateral in the        irrespective of loan
                                      form of a suitable third party         amount.
Course period + one year or six       guarantee.                             In case of loans above
months after getting job,             Above Rs.7.50 Lacs: - Collateral       Rs.4.00 Lacs for studies
whichever is earlier.                 security of suitable value or Co-      abroad.
5 to 7 years after commencement       obligation of parents / Guardians /            1. Rs. 5000/- to be
of repayment.                         third party guarantee along with       collected at the time of
A student loan amount upto 7.5        For borrowing Student Loan of
lacss and Rs 15 lacss for studying    State Bank of Indore, you should
in India and abroad respectively      know about the security deposit
should be repaid in 5 to 7 years      for various loan amounts.
after repayment is begun. When        If you are studying in India or
the loan amount exceeds Rs 7.5        abroad, you need to submit the
lacss and Rs 15 lacss in the          guarantee of a 3rd party for a loan
respective cases, it can be repaid    amount above Rs 4 lacs. For an
in 5 to 10 years after the            amount exceeding 7.5 lacs and
repayment is begun. The               upto Rs 10 lacs, you can deposit a
moratorium extends one year over      material collateral security in        N/A
Soon after the loan is disbursed to   An applicant needs to keep a
a student for pursuing higher         guarantee by 3rd party if he takes
studies in technical or               an educational loan above Rs 4
professional program in India or      lacs.
abroad, the amount can be repaid.     If the amount of loans exceeds Rs
The installments, though minimum      7.5 lacs and is upto Rs 10 lacs,
during the course of study,           you have to offer a collateral
increases 1 year after the program    security, worth the amount of
is completed or the student is        loan. If a collateral security can
employed, which ever is earlier.      not be submitted, there should be
The loan along with the interest      guarantee by the parent, 3rd party     N/A
                                                                          For loans upto Rs.4.00 lac
                                                                          - NIL.


                                                                          For loans above Rs.4.00
                                                                          lac and upto Rs.7.50 lac -
                                                                          Collateral in the form of
In 5 to 7 years commencing one                                            satisfactory third party
year after completion of the course                                       guarantee acceptable to
or 6 months after securing the job                                        the Bank.
The loan will be repaid in 5-7 years
whichever is earlier.                  N/A
after commencement of
repayment. There will be
moratorium for repayment during        Upto Rs.4.00 lacs – No security
"the course period +1 year or 6
months after getting job, which       Above Rs.4.00 lacs – Collateral
ever is earlier".                     securities by way of suitable 3rd   There is no processing fee
                                      party guarantee or tangible         /no service charge
1% interest concession may be         security equivalent to loan
provided, if the interest is serviced amount.                             Interest Rates-
during moratorium period.


                                 Security is required from
                                 candidates for
                                 Up to 4 lacs-No security is
The time given for repayment of  required
education loans is five to seven Loan above Rs.4 lacs and up to
years. The repayment commences Rs.5.40 lacs- Third party suitable
either six months after one gets guarantee is required.
employed or one year after the   Loan above Rs.7.50 lacs-collateral
completion of the course         security or guarantee of third
whichever seems to be earlier.   party.                             N/A
                                 Amount Studies in India Studies
                                 Abroad
                                 Upto Rs. 4 lacs
                                   No Security No Security
                                 Above Rs. 4 lacs to Rs. 7.50 lacs
                                   Suitable Third Party Guarantee
                                 Suitable Third Party Guarantee
                                 Above Rs. 7.50 lacs to Rs. 10 lacs
                                 (India) / Rs. 15 lacs (Abroad)
                                 Tangible Collateral security for
N/A                              full value of loan Tangible        N/A
Online Link




http://www.allahabadbank.com/educa
tion.asp




http://www.andhrabank.in/




http://www.axisbank.com/personal/lo
ans/studypower/Education-Loan.asp




http://www.bankofbaroda.com/pfs/ed
uloans.asp
http://www.bankofindia.com/eduloan
s1.aspx




http://www.bankofmaharashtra.in/cre
dit_fac_edu.asp




http://www.bankofrajasthan.com/bor/
wcms/en/home/commercial-
banking/loans/index.html;jsessionid=
788D10099AA75E36FBF7DDF389206
DFB




http://www.centralbankofindia.co.in/e
nglish/loan_vidyarthi.asp
http://www.corpbank.com/asp/0100te
xt.asp?presentID=110&headID=19




http://www.denabank.com/viewsectio
n.jsp?lang=0&id=0,4,26,68




http://www.federalbank.co.in/




http://www.hdfcbank.com/personal/lo
ans/educational_loan/el_foreign/el_fo
reign.htm
http://www.hsbc.co.in/1/2/personal/lo
ans




http://www.idbi.com/products/educati
onalloan.asp




http://www.iob.in/Educational%20Loa
n.aspx?CAT/15




http://www.indian-
bank.com/educational_loan.htm
http://www.karnatakabank.com/ktk/L
oans.jsp




https://www.obcindia.co.in/obcnew/si
te/inner.aspx?status=2&menu_id=40




http://www.psbindia.com/




http://www.pnbindia.com/
http://www.statebankofindia.com/#




www.sbhyd.com/




http://www.indorebank.org/default.as
p




http://www.statebankofmysore.co.in/
\\Access2\office\admission 2008-
2009\Marketing\Financial
Website\Syndicate Bank.htm




http://www.ucobank.com/loan.htm#E
DUCATIONALLOAN




http://www.unitedbankofindia.com/ed
ucation-loan-application.asp




http://www.vijayabank.com/

				
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