Education Loan
To the meritorious students to pursue higher / professional/ technical education in recognized institution in India & Abroad.
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MARGIN
Quantum of loan | Margin | |
|---|---|---|
Up to Rs.4 Lakh | Nil | |
Above Rs.4 Lakh | Studies in India | 5% |
Above Rs.4 Lakh | Studies abroad | 15% |
NRI students (irrespective of loan amount) | 15% |
No More Waiting For The BEST Education lOAN oFFERS !
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Education Loan by Banks & NBFCs
- HDFC Bank
- SBI Bank
- Axis Bank
- ICICI Bank
- Yes Bank
- Indiabulls Bank
- PNB Bank
- Federal Bank
ELIGIBLE COURSES in india
- Graduation / post-graduation / diploma courses from recognized universities
- Technical / professional / management courses
- PhD courses
ELIGIBLE COURSES outside India
- Graduation / post-graduation degrees offered by recognized universities
- Certified degree courses conducted by CIMA, London, CPA, USA and other such institutes
- PhD courses
- Diploma courses abroad are not covered
EDUCATION LOAN SECURITY
Quantum of loan | Security |
|---|---|
Up to Rs.4 Lakh | No security is required. However, loan has to be compulsory covered under CGFSEL |
Above Rs.4 Lakh & up to Rs.7.50 Lakh | Suitable third party guarantee acceptable to the bank to be taken OR Loan to be covered under CGFSEL |
Above Rs.7.50 Lakh | Tangible collateral security of minimum value equivalent to the loan amount and interest accumulation during course & moratorium period, acceptable to the bank**
|
Education Loan Eligibility Criteria
- Student Eligibility : Should be an Indian national.
- AGE Of The Student : No restriction with regard to the minimum and maximum age.
- Co -Applicant : The parent(s) of the student has to compulsorily join in as co-applicant.
- Insurance : Life insurance of the student is mandatory to the tune of the loan amount.
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Expenses Considered : Tuition fee payable to college/ school/ university
Hostel / mess charges
Examination/ Library/ Laboratory fee
