Information of Student Loans at Bank of Mysore

Information of Student Loans at Bank of Mysore

MYSORE BANK PROFESSIONAL COURSE SCHEME FOR DOCTORS

SBM, Founded by Sir.M.Visweahwaraya, has framed a scheme for the Professional in the field of medicine for pursuing higher studies in recognized university / institutions in India/Abroad.

To Meet :

Tuition and other fees.
Maintenance Cost / Hostel Fees.
Cost of Books and Equipment.
Cost of Passage (for studies abroad).

Pre Requisite :

Admission offer from any Recognized University .
Details of income of Parent / Guardian.

Margin :

10% of the total cost.

Interest :

Compounded at quarterly intervals on reducing balance.

Repayment :

The loan to be repaid in 48 months installments after completion of the course or securing a Job whichever earlier.

Security :

Security consisting of any of the following:
Government securities, UTI Bonds, NSC's, LIC Policies, Bank Deposits of equitable Mortgage of immovable property. Third party guarantee, if is insufficient.

Website: www.statebankofmysore.co.in

Information of Student Loans at Oriental Bank of Commerce

Information of Student Loans at Oriental Bank of Commerce

Must have obtained admission in a reputed institute in India or abroad.

Repayment :

After completion of course.
Maximum Amount for India : Rs 750000.
Maximum Amount Overseas: Rs 1500000.

Documents to be submitted :

Admission slip, residence proof, age proof, letter from institute.

Time to Process: A Fortnight

Interest Rate :

In India ………….Upto Rs 400000 …………. 11.5%

Above Rs 400000 …………12.5%

For Overseas ……Upto Rs 400000…………... 11.5%

Above Rs 400000 …………12.5%

Collateral and Third Party Guarantee required.

Tenures: Maximum of Seven Years

Contact:

Delhi Tel: 3316777 ,Bangalore Tel: 2219762, 2219767 ,Chennai Tel: 8522940, 8550068 Hyderabad Tel: 3201803, 3201298 , Kolkata Tel: 2821514, 2294823,Mumbai Tel: 2189286.

Website: www.obcindia.com

Information of Student Loans at Punjab National Bank

Information of Student Loans at Punjab National Bank

Vidya Lakshyapurti Education Loan Scheme

Purpose :

PNB's Education Loan Scheme is designed to provide better educational opportunities to bright and needy students and brings within their reach all types of education (general, professional, technical and vocational courses).

The scheme enables all types of needy students of plus 2 stage, graduation courses, post graduation courses, Masters & PhDs, professional, technical , engineering, medical, veterinary, law, dental, management, computer, vocational courses, courses like ICWA,CA,CFA, courses conducted by IIMS,IIT,IISc,NIFT, courses offered in India by reputed foreign universities and all other types of courses offered by Govt./Semi-Govt/private institutions in order to meet the costs for their studies in India and abroad.

Such courses would include regular, part time and correspondence courses. The costs include admission fees, books & stationery, instruments required for the course, monthly fees, examination fees, insurance premium for policy on life of the borrowing student, caution deposit/building fund/refundable deposit supported by bills/receipts, expenses like study tours/project work/thesis etc.

Eligibility :

1) Indian nationals, in the age group of 16-40 years. For part time computer courses, applicants in the age group of 16-45 years are eligible. Applicants, whose guardians have been appointed by the court, should not be less than 21 years; such students should have already passed at least one public examination.

2) Students who have scored pass marks in their last qualifying examination and have secured admission in the courses mentioned above.

3) The parents/guardian should have regular source of income to the extent that they are able to repay the loan in case of need/unforeseen circumstances. There is no stipulation of ceiling on annual income of the parents/guardians.

4) Employed persons intending to better their prospects can also avail loan for improving their educational qualifications and/or receive training in modern technology in India / abroad provided the education/training received by them in India/abroad affords prospects for their better employment. For such persons, 'NO OBJECTION CERTIFICATE' from their employers is a pre-requisite.

Amount of Loan :

This is co-related to expenses involved in taking up the course and the expected earnings after qualifying, subject to a maximum of……..

For studies in India : Rs. 7.50 lacs,

For studies abroad : Rs.15.00 lacs.

Website: www.pnbindia.com

Information of Student Loans at Indian Overseas Bank

Information of Student Loans at Indian Overseas Bank

Eligibility :

Should have a good academic record.
Maximum Amount for India : Rs 200000
Maximum Amount Overseas: Rs 600000

Documents to be submitted :

Mark sheets, addmission approval, address proof, photgraph, income proof.

Time to Process :

1 Week

Interest Rate

In India ………………………………Upto Rs 400000…………………. 12% pa
Above Rs 400000…………………13% pa.
For Overseas ……………………..Upto Rs 400000 ………………….. 12% pa
above Rs 400000……………………13% pa.
Collateral and Third Party guarantee required.

Tenures :

Maximum of five years

Repayment :

Maximum after 3 months of completion of course or the date of joining of job which ever earlier.

Contact :

Delhi Tel: 3362003, Bangalore Tel: 2266207, Chennai Tel: 8524142, Hyderabad Tel: 4755324, Kolkata Tel: 2299700, Mumbai Tel: 2182226

Website: www.iob.in

Information of Student Loans at State Bank Of Hyderabad

Information of Student Loans at State Bank Of Hyderabad

Purpose :

For pursuing studies in recognized schools/ colleges/ institutions to meet: - Tuition and other fees.

Maintenance costs, books and equipment etc.

Cost of passage (for studies abroad).

Eligibility :

For School / College education in India.

Minimum second division (Pass marks for SC/ST).
Parents / guardians (Including persons engaged in agriculture / allied activities having independent regular source of income.

Loan Amount :

School / College education in India : (Upto 6 times the monthly net (take home) income of the parents / guardian. Minimum loan of Rs. 4,000/- Maximum Rs. 1lac.
Technical / Professional higher studies in India and Abroad 90% of the cost of study, subject to maximum of Rs. 8lacs.
Margin………………………….. 10%

Interest Rate :

At competitive rates on reducing balance only. Please check-up for latest rates at your nearest branch Interest is compounded at quarterly basis.

Period of Loan :

For School / College Education in India : Loans to be repaid in a period of 36months, commencing immediately after disbursal, by the parents / guardian.
For Technical / Professional higher studies in India and abroad: The loan is to be repaid is 60 months after the completion of the course of securing job, whichever is earlier. Regular periodic repayment as much as possible should be made during the period of study. Quarterly interest should be paid regularly.
Permitted without any penalty.

Website: www.sbhyd.com

Information of Student Loans at State Bank Of India

Information of Student Loans at State Bank Of India

A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured.s

Eligible Courses :

All courses having employment prospects are eligible.

a . Graduation courses/ Post graduation courses/ Professional courses

b . Other courses approved by UGC/Government/AICTE etc.

Expenses considered for loan :

Fees payable to college/school/hostel.
Examination/Library/Laboratory fees.
Purchase of Books/Equipment/Instruments/Uniforms.
Caution Deposit/Building Fund/Refundable Deposit.
Travel Expenses/Passage money for studies abroad.
Purchase of computers considered necessary for completion of course.
Cost of a Two-wheeler upto Rs. 50,000/-.
Any other expenses required to complete the course like study tours, project work etc.

Amount of Loan :

For studies in India , maximum Rs. 10 lacs
Studies abroad, maximum Rs. 20 lacs

Interest Rate :

For loans up to Rs 4 lakh 10.50% p.a.

For loans above Rs. 4 lakh 11.50% p.a.

Processing Fees :

No processing fee/ upfront charges.

Deposit of Rs. 5000/- for education loan for studies abroad which will be adjusted in the margin money.

Repayment Tenure :

Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier.

Place of Study Loan AmountRepayment Period in Years :

In India Up to Rs. 7.5 lacs 5-7

Above Rs. 7.5 lacs 5-10

Abroad Up to Rs. 15 lacs 5-7

Above Rs. 15 lacs 5-10

Security : Amount Studies In India Studies Abroad Upto Rs. 4 lacs No Security No Security Above Rs. 4 lacs to Rs. 7.50 lacs Third Party Guarantee Third Party Guarantee Above Rs. 7.50 lacs to Rs. 10 lacs( India )/ Rs. 15 lacs(Abroad) Tangible Collateral security for full value of loan Tangible Collateral security of suitable value of loan or third party guarantee Rs 15 lacs to Rs. 20 lacs ___ Tangible Collateral security for full value of loan

Margin :

For loans up to Rs.4.0 lacs : No Margin
For loans above Rs.4.0 lacs:
Studies in India : 5%
Studies Abroad: 15%

Documentation Required :

Completed Education Loan Application Form.
Mark sheets of last qualifying examination
Proof of admission scholarship, studentship etc
Schedule of expenses for the specified course
2 passport size photographs
Borrower's Bank account statement for the last six months
Income tax assessment order, of last 2 years
Brief statement of assets and liabilities, of the Co-borrower
Proof of Income (i.e. Salary slips/ Form 16 etc)

Website: www.statebankofindia.com

Information of Student Loans at Bank of India

Information of Student Loans at Bank of India

Vidya Vardhini Scheme

Purpose:

Pursuit of studies In India and abroad.

Approved Courses:

Graduate and post-graduate courses in engineering, computer technology, medicine etc. All vocational courses/job oriented diploma courses, recognized by govt and universities. Similar courses pursued in universities abroad. Full time post graduate research in any of the afore said subjects.

Eligibility:

Should be a citizen of India . For vocational training courses and job oriented course age of the individual should be between 15-28 years, and 18-30 in case of post graduate courses and/or studies abroad. The applicant should have a good academic record. For studies abroad, the candidate should have secured admission in a particular university after having appeared in the specific entrance examinations. The applicant should have secured a minimum of 50% marks in the major subject. In case of SC/ST candidates eligibility norms may be relaxed.

Amount of loan:

The loan could vary depending on the specific subject requirement. For studies abroad Rs15 lakhs. For studies in India Rs 7.5lakhs.

Margin:

Upto Rs 4lakhs –nil,
For Studies in India- 5%,
For studies abroad-15%.

Repayment:

Within 15 years from the first date of disbursement, including moratorium period.

Contact:

Delhi-Tel: 3312654, 3311557, Bangalore-Tel: 2212485, 2271130, Chennai-Tel: 8270041, 8276143, Hyderabad-Tel: 3315263, 3324487, Kolkata-Tel: 2481973, 2485703, Mumbai-Tel: 2023020.

Website: www.bankofindia.com

Student Loans

Information of Student Loans at Andhra Bank

• Maximum Amount for India : Rs 100000
• Maximum Amount Overseas: Rs 500000.
• Documents to be submitted: Bank documents, Academic records.

Interest Rate in India :

Upto 4,00,000…………………………………12%,
Above Rs 4,00,000……………………………13.5% pa..

Interest Rate for Overseas:

Loans Upto 400000…………………………….12%,
Above Rs 400000……………………………….13.5% pa.
Collateral and Third Party Guarantee are required.

Tenures:

Maximum of 5 years.

Eligibility:

1st class marks in previous exams and selected for professional course.
Repayment 1 year after completion of course or 3 months after getting a job whichever is earlier.

When to Apply:

After getting Admission in college/institute.

Time taken to process documents:

1 Week

Contact:

Delhi Tel: 3350248, Bangalore Tel: 2242932, Chennai Tel: 4991868, 4994294, Hyderabad Tel: 4756023-25, Kolkata Tel: 2471359, Mumbai Tel: 2046160, 2047620.

Website: www.andhrabank.in