Allahabad Bank’s Education Loan Objective of the Scheme: Allahabad Bank provides financial support to meritorious students for pursuing higher education in India and abroad. Meritorious Students under management Quota are eligible for Education Loan. Eligibility of the Student: The student should be an Indian National The student  should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC ( 10 plus 2 or equivalent ). Where the admission is purely based on the marks scored in qualifying examinations then the cutoff marks for loan eligibility is 60%. Students admitted under management quota are also eligible for loan. Age Limit : There is no specific restriction with regard to the age of the student to be eligible for education loan. Studies in India : Approved courses leading to graduate / post graduate degree and PG diplomas conducted by recognized colleges / universities recognized by UGC / Govt. / AICTE / AIBMS / ICMR etc. Courses like ICWA, CA, CFA etc. Courses conducted by IIMs, IITs, IISc, XLRI. NIFT, NID etc. Regular Degree / Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation / Shipping, if the course is pursued in India. Teacher training Courses / Nursing courses / B. Ed is also eligible for Education loan provided the Training Institutions are approved either by Central Government or by State Government and such courses should lead to Degree or Diploma Course and not to a Certification Course. Approved courses offered in India by reputed foreign universities. Studies over a Wide Area : Graduation: For job oriented professional / technical courses offered by reputed universities. Post graduation: MCA, MBA, MS, etc. Courses conducted by CIMA- London, CPA in USA etc. Degree / Diploma courses like Aeronautical, Pilot Training, and Shipping etc provided these are recognized by competent regulatory bodies in India / abroad for the purpose of employment in India / abroad. Liability of Finance : Expenses Allotted for the Loan : Fee payable to college / hostel. Exam / Library / Laboratory Fee. Passage money for study for abroad. Purchase of books / equipments / uniforms Purchase of computers, if required for completion of course. Reimbursement of fee paid at the time of counseling (If the student applies for loan within 60 days of such payment). Quantum of Finance : Need based finance to meet the expenses worked out will be considered taking in to account margins subject to the following ceilings: Studies in India - Maximum up to Rs. 20 Lac. Institutes are graded and loan amount depends upon the grading of the institute. Studies Abroad - Maximum up to Rs. 20 Lac. Margin : Up to Rs. 4.00 lacs            Nil Above Rs. 4.00 lacs In India                         5% Studies Abroad            15% Moratorium : “Course Period plus one year” or “Six Months after getting Job”, whichever is earlier. Processing Fee / Mortgage Charges : Processing Fees / Documentation Charge : For studies in India - NIL Mortgage Charges : Actual expenses, if any, will be borne by the Student/Parent or Guardian. Rate of Interest: Rate of Interest is institute specific varies from BR+1.50 to BR+3.00 (11.70% to 13.20%). Simple interest during the course & moratorium period. 0.50% rebate in Rate of Interest for girl students. 1.00% concessions during moratorium period if interest is serviced during moratorium period. Repayment Period of the Loan : For loans up to Rs. 7.5 Lac      -     up to 10 years For loans above Rs. 7.5 Lac    -     up to 15 years For more Details, Kindly refer the following link : https://www.allahabadbank.in/english/AB_Education.aspx II. Allahabad Bank’s Education Loan - Gyan Dipika Objective of the Scheme : Allahabad Bank provides financial support to Parents / Guardians of students pursuing school education from Nursery standard to 12th Standard. Eligibility of the Student  : Should be an Indian national residing in India. Student should have secured admission to a Recognized / Affiliated and Reputed School  / High School / Junior School / College ( including CBSE / ICSE / State Board ) for courses under Nursery standard to 12th Standard identified / approved by the respective Zonal Office of the Bank. Liability of Finance : Expenses allotted for the Loan : Admission fees including caution money, building fund, refundable other deposits, maintenance fees etc. Annual fees including Development fees, Examination fees, Library / Laboratory fees, Hostel charges and other fees related to Hostels, purchase of Books, Equipment, Uniforms, Computer etc. Tuition Fees to be paid in advance on quarterly / half-yearly / yearly basis. Quantum of Finance : Need based finance subject to the repaying capacity of the parents, Maximum limit limit of the quantum of finance - Rs.1 lac, including all types of expenses or any of the expenses under the scheme as mentioned above, Net combined income of the parents'/guardians' should be above 40% of gross income, after considering the EMI of the proposed loan. Margin : NIL Moratorium : NIL Processing Fee : NIL Loan Limit :  Maximum Rs. 1,00,000/- Rate of Interest :  BR + 4.00% (14.20%) Repayment Period of the Loan : The loan is repayable in three years by 36 Equal Monthly Installments to be paid by Post Dated Cheques ( PDCs ). However, if the loan is taken for quarterly / half yearly expenses, the repayment period would be adjusted in line with the periodicity of the expenses. First installment will be due in the next month after the last disbursement. For more Details, Kindly refer the following link : https://www.allahabadbank.in/english/Gyan_Dipika.aspx

Andhra Bank’s Educational Loan Objective of the Scheme: Andhra Bank provides financial support to meritorious students for pursuing higher education in India and abroad. Meritorious Students under management Quota are eligible for Education Loan. Eligibility of the Student: The student should be an Indian National NRI-if student is holding Indian Passport. Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC The cut-off of 65% marks in aggregate in the qualifying academic examination is also applicable to all courses offered by deemed universities and also to non-professional and non-technical courses The revised Model Educational Loan Scheme ( 2011 ) covers only merit channel seats for the courses. Admissions through management quota are outside the purview of IBA Model Scheme on Educational Loans for Higher Studies. Eligibility of the Institute : The eligibility for loan is determined based on employability of the course and reputation of the institution concerned. List of accredited institutions for all the courses is to be prepared by the Zonal Offices, and individual scores have to be allotted based on scoring methodology designated for the purpose. Education Loans should be given to students who secure admission in such accredited Institutions only. Studies in India: Approved courses leading to graduate /  post graduate degree and P G diplomas conducted by recognized colleges /  universities recognized by UGC /  Govt. / AICTE /  AIBMS /  ICMR etc. Courses like ICWA, CA, CFA etc. Courses conducted by IIMs, IITs, IISc, XLRI. NIFT,NID etc. Regular Degree / Diploma courses like Aeronautical, pilot training, shipping, Air Craft Maintenance Engg Approved courses offered in India by reputed foreign universities. Nursing Courses and other Para Medical courses The list of courses contained in the websites www.ugc.ac.in, www.education.nic.in, www.aicte.org.inare considered to be eligible courses. Off campus courses and onsite / partnership programmes are not eligible for educational loans. Studies in Abroad : Graduation: For job oriented professional / technical courses offered by reputed universities. Post graduation: MCA, MBA, MS, etc. Courses conducted by CIMA- London, CPA in USA etc. Degree / diploma courses like aeronautical, pilot training, shipping etc provided these are recognized by competent regulatory bodies in India / abroad for the purpose of employment in India / abroad. Reference to other courses approved for financing are as indicated in www.webometrics.info. Diploma courses and certificate courses have not been included as eligible courses for the scheme. Post graduate studies leading to PG degrees and PG diplomas offered by reputed institutes / universities only will be covered by the scheme. Assessment of employment potential or future prospects is very important criterion considering the higher cost of studies involved. Liability of Finance: Expenses allotted for the Loan: Fee payable to college / school / hostel Examination / Library / Laboratory fee Travel expenses / passage money for studies abroad Insurance premium for student borrower, if applicable Caution deposit, Building fund / refundable deposit supported by Institution bills / receipts. Purchase of books / equipments / instruments / uniforms Purchase of computer at reasonable cost, if required for completion of the course Any other expense required to complete the course - like study tours, project work, thesis, etc In respect of Degree level courses in Non Technical and Non Professional courses the aggregate of all expenses considered for finance should not exceed Rs.1 Lakh for the total course. Quantum of Finance: Studies in India - Maximum Upto Rs.10 lakhs. Studies Abroad - Maximum Upto Rs.20 lakhs. Margin : Upto Rs..4 lacs   Nil Above Rs. 4 lacs            Studies in India 5%   Studies Abroad            15% Moratorium: NIL Processing Fee : No processing  /  upfront charges may be levied on loans sanctioned under the scheme for studies in India. For studies abroad, processing fee as applicable are to be collected initially at the time of sanction and are to be refunded upon the student taking up the course and availing the loan. Rate of Interest : Interest to be charged at rates linked to the Base rate as decided by the Bank from time to time. Simple interest to be charged during the study period and up to commencement of repayment. 0.50% concession in spread for Girl Students including children of the Staff members of the Bank. Servicing of interest during study period and the moratorium period till Commencement of repayment is optional for students. Accrued interest will be added to the principal amount borrowed while fixing EMI for repayment. Repayment Period of the Loan: Repayment Holiday / Moratorium: Course period + 1 year or 6 months after getting job, whichever is earlier. The accrued interest during the holiday period is to be added to the principal while repayment in EMI is fixed. For loans upto Rs. 7.5 lakh - Upto 10 years For loans above Rs.7.5 lakh - Upto 15 years To know the list of accredited educational institutes for financing loans to students, Visit the Link : http://andhrabank.in/Download/FINAL_ED_INSTITUTES_30_11_13.pdf For more Details, Kindly refer the following link : http://andhrabank.in/english/EduLoans.aspx

Axis Bank’s Educational Loan Objective of the Scheme: Axis Bank's Education Loan aims to provide the much needed financial support to deserving students for pursuing higher professional or technical education in India and abroad. The education loan would be provided to those students who have obtained admission to career-oriented courses e.g. medicine, engineering, management etc., either at the graduate or post-graduate level. Eligibility of the Student  : The student should be an Indian National The student  should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC ( 10 plus 2 or equivalent ). Where the admission is purely based on the marks scored in qualifying examinations then the cutoff marks for loan eligibility is 60%. Students admitted under management quota are also eligible for loan. Age Limit : There is no specific restriction with regard to the age of the student to be eligible for education loan. Liability of Finance : Quantum of Finance : The quantum of finance under the scheme is capped at Rs 10.00 lacs for studies in India and Rs 20.00 lacs for studies abroad, which would cover tuition fees, hostel charges ( if any ), cost of books, etc. The minimum amount of education loan would be Rs 50,000. Margin : No margin for education loans Upto Rs 4 lacs. For loans above Rs 4 lacs, 5% margin for studies within India and 15% for higher studies overseas. Moratorium : NIL Processing Fee / Mortgage Charges : NIL Rate of Interest : Type Loan amount (Rs.) Base Rate + Mark Up Effective Rate Of Interest 1. Education Loan Upto Rs. 4 lacs Base rate + 7.00% 17.00% Loans greater than Rs. 4 lacs and upto Rs. 7.5 lac Base rate + 8.00% 18.00% Loans greater than 7.5 lacs Base rate + 6.00% 16.00% 2. Education Loan for Girl Child Upto Rs. 4 lacs Base rate + 6.50% 16.50% Loans greater than Rs. 4 lacs and upto Rs. 7.5 lacs Base rate + 7.50% 17.50% Loans greater than 7.5 lacs Base rate + 5.50% 15.50% For Application Form, Visit the link : http://www.axisbank.com/download/Education_Loan_Application_Form.pdf For more Details, Kindly refer the following link : http://www.axisbank.com/personal/loans/education-loan/education-loan-features.aspx      

Bank of Baroda’s Educational Loan - Baroda Scholar Objective of the Scheme: Bank of Baroda presents financial assistance to students going abroad for Professional / Technical studies. The loan offering is designed to empower you with the financial capability to reach your goal. Eligibility of the Student: Should be an Indian National. Secured admission to Professional / Technical Courses at foreign Universities / Institutions. Eligibility of Courses : Graduate / Post Graduate / Doctorate / Job Oriented Professional / Technical Courses offered by reputed Universities overseas. Regular Degree / Diploma courses like Aeronautical, pilot training, shipping etc. The Institute should be recognized by the competent local aviation / shipping authority and Director General of Civil Aviation / shipping in India. Liability of Finance: Expenses allotted for the Loan ( for overseas studies ) : Admission / Tuition fees to College / University. Hostel / Mess charges. Examination/Library / Laboratory fee. Purchase of books / equipments / instruments. Caution deposit / building fund / refundable deposit supported by institution bills / receipts. One way travel expenses / Passage money. Purchase of computers if essential for completion of the course. Any other expense required to complete the course e.g. study tour, project work, thesis etc. Maximum amount of loan: Rs. 20.00 Lacs Margin : 15% Moratorium : Course period + 1 year or 6 months after getting job, whichever is earlier. Rate of Interest : Simple interest during repayment holiday / moratorium period. 0.50% Concession in rate of interest to loans for girl student. Penal interest @ 2% p.a. on overdue amount if loan exceeds Rs.4/- lacs. Repayment Period of the Loan : Repayable in 120 maximum Installments for loan amount Upto Rs 7.50 lacs Repayable in 180 maximum Installments for loan amount above Rs 7.50 lacs . For more Details, Kindly refer the following link: http://www.bankofbaroda.com/pfs/scholar.asp Bank of Baroda’s Educational Loan - Baroda Vidya Objective of the Scheme: Bank of Baroda presents a one of its kind finance option for parents of students pursuing school education. These loans are available for studies from Nursery to Senior Secondary School. Eligibility of the Student: Should be an Indian national residing in India. Student should have secured admission to a recognized school / High school / Jr. College ( including CBSE / ICSE / State Board ) for any of the following courses Stage I : Nursery to V th STD. Stage II : VI th to VIII STD. Stage III : IX th to XII th STD. Liability of Finance: Expenses allotted for the Loan : Fee payable to college / school. Examination / Library / Laboratory Fee. Fee and other charges payable to hostel. Purchase of books / equipments / instruments / uniforms. Personal Computers / Laptops wherever required. Caution deposit / building fund / refundable deposit supported by institution bills / receipts. Margin : NIL Moratorium : NIL Processing Fee / Mortgage Charges : NIL Maximum Loan Amount : Rs.4.00 Lacs Rate of Interest : 0.50% concession in rate of interest to loans for girl students. Interest to be serviced as and when applied during moratorium period. Penal Interest @ 2% on overdue amount if the loan amount exceeds Rs. 2/- lacs. Repayment Period of the Loan : Loan for each yearly sub limit is repayable in 12 equal monthly installments. First installment to be due 12 months after first disbursement of each year's loan component. The parents must be residing in the place for a minimum period of -3- years, except in the case of transferable job. For more Details, Kindly refer the following link: http://www.bankofbaroda.com/pfs/vidya.asp Bank of Baroda’s Educational Loan - Baroda Gyan Objective of the Scheme : A loan product specially designed for students pursuing Graduation, Post - Graduation, Professional & Other courses in India. Bank of Baroda extends a helping hand to energize your studies and promote education of the youth. Eligibility of the Student: Should be Resident Indian. Secured admission to either of above courses A meritorious student ( who qualifies for a seat under merit quota ) will also be eligible for loan under this scheme even if the student chooses to pursue a course under Management Quota. or courses under Management Quota Seats considered under the scheme, fees as approved by the State Government / Government approved regulatory body for payment seats will be taken, subject to viability of repayment. Additional concession of 1.00% to the students who have sought admission in premier institutions viz. IIMs, IITs, IIFT, AIIMS, AFMC , ISB, NITs, XLRI, MDI, SPJIMR, IISC, SPJIM Eligible Courses: All Graduation courses. All Post Graduation courses & Doctorate courses. Professional Courses Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to Universities. Courses like C.A, ICWA, CFA, CS, etc. Courses conducted by IIM, IIT, IISc, XLRI. NIFT etc. Regular Degree / Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation/shipping. Other courses leading to diploma / degree etc. conducted by colleges/universities approved by UGC / Govt./ AICTE / AIBMS / ICMR etc. Courses offered in India by reputed foreign Universities. Evening courses of institutes approved by State / Central / Govt. / UGC / AICTE / AIBMS / ICMR / ICAR. Courses offered by National Institutes and other reputed private institutions. The College / Institute must have been approved by the State / Central Govt./ UGC / AICTE, etc. Liability of Finance : Expenses allotted for the Loan : Fee payable to college / Institution / University. Examination / Library / Laboratory Fee. Fee and other charges payable to hostel. Purchase of books / equipments / instruments. Personal Computers / Laptops wherever required. Caution deposit / building fund / refundable deposit supported by institution bills / receipts. Any other expenses required to complete the course - like study tours, project works, thesis, etc. Margin : Upto Rs. 4.00 lacs :- NIL Above Rs. 4.00 lacs :- 5% Moratorium : Course period + 1 year or 6 months after getting job, whichever is earlier. Processing Fee / Mortgage Charges: NIL Rate of Interest: Simple interest to be charged at monthly rests during the repayment holiday / moratorium period. 0.50% Concession in rate of interest to loans for girl student. Penal interest @ 2% p.a. on overdue amount, if the loan amount exceeds Rs.4.00 lacs. Repayment Period of the Loan : Repayable in 120 maximum Installments for loan amount Upto Rs 7.50 lacs Repayable in 180 maximum Installments for loan amount above Rs 7.50 lacs . For more Details, Kindly refer the following link : http://www.bankofbaroda.com/pfs/gyan.asp To download Application Form, Visit the following link : http://www.bankofbaroda.com/download/education_loan_new.pdf    

 Bank of India’s Star Education loan Objective of the Scheme : The Star Educational Loan Scheme aims at providing financial support from the bank to deserving / meritorious students for pursuing higher education in India and abroad. The main emphasis is that every meritorious student is provided with an opportunity to pursue education with the financial support on affordable terms and conditions. Eligibility of the Student  : Should be an Indian National; Secured admission to professional / technical courses in India or Abroad through Entrance Test / Merit based selection process. Good academic career. The student should not have outstanding education loan from any other Institution. Father / Mother should be co-borrower. Branch nearest to the permanent residence of student will consider the loan. Studies in India : Graduation / Post Graduation courses Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc. Courses conducted by IIM, IIT, IISc, XLRI, NIFT, NID and other Institutes set up by Central / State Govt. Other courses leading to diploma / degree, etc. conducted by colleges / universities approved by UGC / Govt. / AICTE /AIBMS / ICMR, etc. Studies over a Wide Area : Graduation: For job oriented professional / technical courses offered by reputed universities. Post-Graduation: MCA, MBA, MS, etc. Courses conducted by CIMA - London, CPA in USA, etc. Liability of Finance : Expenses allotted for the Loan : Fee payable to college / school / hostel* Examination / Library / Laboratory fee. Purchase of books / equipment’s / instruments / uniforms. Caution deposit / building fund / refundable deposit supported by Institution bills / receipts. Travel expenses / passage money for studies abroad. Purchase of computers - essential for completion of the course. Insurance cover for the student. Quantum of Finance : Studies in India - Maximum Rs.10.00 lakh Studies abroad - Maximum Rs.20.00 lakh. Margin : Upto Rs.4 lakh : Nil Above Rs.4 lakh :Studies in India : 5% Studies Abroad :  15%· Scholarship could be included in margin.· Margin to be brought in on year to year basis as and when disbursements are made. Processing Fee /  Mortgage Charges : For India : NIL For Abroad : Up to Rs. 4 lacs : Rs. 500/- Over Rs. 4 lacs up to Rs 7.50 lacs : Rs. 1,500/- Over Rs. 7.50 lacs up to Rs 20.00 lacs : Rs. 3,000/- Rate of Interest : Upto Rs.7.50 lacs – 3% above Base Rate, ( presently 13.25 % ) Above Rs.7.50 lacs – 2.50% above Base Rate, ( presently 12.75 %) Int. Concession of 0.50%p.a. for woman beneficiaries for limits up to Rs.50,000/- and 1% for limits over Rs.50,000/- For Professional courses ( like Engg./Medical/ Management, etc. ) int. concession : 0.50% ( Maximum under a ) and b), above is 1%) 1% int. concession if interest is serviced during moratorium period, where repayment holiday is specified for interest / repayment under the scheme (concession available for moratorium period only ) Repayment Period of the Loan Repayment holiday / Moratorium: Course period + 1 year or 6 months after getting job, whichever is earlier. After commencement of repayment : Loan amount up to Rs.7.50 lacs: 10 years. Loan amount over Rs.7.50 lacs: 15 years. For more Details, Kindly refer the following link : http://www.bankofindia.co.in/english/EducationLoan.aspx

Bank of Maharastra Education Loan Objective of the Scheme: Bank of Maharastra provides financial support to meritorious students for pursuing higher education in India and abroad. Meritorious Students under management Quota are eligible for Education Loan. Eligibility of the Student:       The Student should be Indian national. The Student should have secured admission by Entrance test / Merit bases selection. Studies in India: Graduation courses / Colleges under Universities approved by UGC. Other courses leading to diploma / degree etc. conducted by colleges / universities approved by UGC / Govt. / AICTE / AIBMS / ICMR etc. Studies over a Wide Area : Job oriented Prof ./ Technical / PG courses / Post Graduation: - MCA, MBA, MS etc Liability of Finance : Quantum of Finance : In India : Rs. 10.00 lac Abroad : Rs. 20.00 lac Margin : Up to Rs. 4.00 lac - Nil Above Rs.4.00 lac - 5% for studies in India 15% for studies abroad Deduction Limit            N.A. Moratorium: Course Period + 1 year OR 6 months after getting job whichever is earlier Processing Fee / Mortgage Charges : NIL Rate of Interest : Loans up to Rs. 4.00 lac (Base Rate + 1.75%) Loans above Rs. 4.00 lac (Base Rate + 2.75%) Repayment Period of the Loan : EMI – 60 Months (Loan plus int.accrued together) For more Details, Kindly refer the following link : http://www.bankofmaharashtra.in/credit_fac_edu.asp

Bassein Catholic Co-operative Bank’s Educational loan Objective of the Scheme : Bassein Catholic Co-operative Bank provides financial support to meritorious students for pursuing higher education in India and abroad. Meritorious Students under management Quota are eligible for Education Loan. Eligibility of the Student  : Students aspiring for post graduate education in India & abroad with co-applicant, parents. Liability of Finance : Quantum of Finance : Rs.10.00 lacs or 75% of cost of education whichever is less. Margin : NIL Repayment Period of the Loan : Repayment will start after the period of duration of study course plus 6 months.   Interest has to be service as and when accrued and deposited to loan a / c.          For more Details, Kindly refer the following link : http://www.bccb.co.in/education.html

Canara Bank’s Educational Loan Objective of the Scheme : Canara Bank provides financial support to meritorious students for pursuing higher education in India and abroad. Meritorious Students under management Quota are eligible for Education Loan. Eligibility of the Student  : The student should be an Indian National The student  should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC (10 plus 2 or equivalent). Studies in India :        Graduation, Post-graduation including technical / professional courses with employment potential conducted by colleges / Universities approved by UGC / Govt./AICTE / Department of Electronics / IMC, autonomous institutions like IIT,IIM etc. Studies over a Wide Area : Job oriented, technical / professional courses- ( graduation / post graduation ) Liability of Finance: Expenses allotted for the Loan : Payment of Course Fee Books Fee Equipments Fee Instruments Fee Uniform Fee Payment Of Hostel Fees Examination Fees Study Tours Passage Expenses (For Studies Abroad) Quantum of Finance :            For studies in India : Max. Rs.10.00 lacs For studies abroad : Max. Rs.20.00 lacs Margin : Upto to Rs.4.00 lacs – Nil Above Rs.4.00 lacs – for studies in India – 5% studies abroad : 15% Processing Fee / Mortgage Charges : NIL Repayment Period of the Loan : Commences One year after completion of the course or Six months after getting employment, whichever is earlier. Loan with interest is repayable in equated monthly installments as follows : Upto Rs.7.5 lakhs - 10 years Above Rs.7.5 lakhs - 15 years For more Details, Kindly refer the following link : http://www.canarabank.com/English/scripts/OtherPrioritySectorLoans.aspx

Catholic Syrian Bank’s Educational Loan Objective of the Scheme: Catholic Syrian Bank Provides financial assistance to deserving students to pursue higher / professional / technical education in India and abroad. Eligibility of the Student: For School Education including Plus Two, Graduation Courses, Post -Graduation Courses etc For Courses of study abroad, the student should be an Indian National who has secured admission to professional courses through Test / selection process, to foreign University institutions. Liability of Finance: Expenses allotted for the Loan: To meet the tuition and other fees, cost of Books, Computers, refundable deposits supported by Bills / Receipts, travel expenses for studies abroad etc. Quantum of Finance: Studies in India - Rs. 7.50 lakhs Studies Abroad - Rs. 15 lakhs Margin : Upto Rs. 4 lakh - Nil Above Rs. 4 lakhs - Study in India-5%, Study abroad-15% Moratorium : NIL Processing Fee / Mortgage Charges : NIL Rate of interest : Upto Rs.4.00 lakhs - 12.50% p.a Above Rs.4.00 lakhs-13.00% p.a Repayment Period of the Loan : To commence after one year of completion of the course or 6months after getting the job, whichever is earlier. Repayment in 5 to 7 years. For more Details, Kindly refer the following link : http://www.csb.co.in/asp/0100text.asp?pageId=37&headId=15&searchstring=loan&PageIndex

Central Bank of India Eduacational Loan - Cent Vidyarthi Laon Objective of the Scheme : Central Bank of India provides financial support to meritorious students for pursuing higher education in India and abroad. Meritorious Students under management Quota are eligible for Education Loan. Eligibility of the Student  : The student should be an Indian National. Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC( 10 plus 2 or equivalent ). Where there is no entrance test / merit based selection process and admission is purely based on the marks scored in qualifying examinations, the student should have scored minimum 50% marks in qualifying examination. ( 10% relaxation for SC / ST categories ). However, entrance test or selection purely based on marks obtained in qualifying examination may not be the criterion for admission to some of the post graduate courses or research programmes. In such cases Branch should take into consideration the employability and reputation of the institution concerned. Liability of Finance : Expenses allotted for the Loan : Fee payable to college++/ school/ hostel* Examination / Library/ Laboratory fee Travel expenses / passage money for studies abroad Insurance premium for student borrower, if applicable Caution deposit, Building fund / refundable deposit supported by Institution bills / receipts. ** Purchase of books / equipments / instruments / uniforms*** Purchase of computer at reasonable cost, if required for completion of the course*** Any other expense required to complete the course - like study tours, project work, thesis, etc.*** While computing loan required, scholarships, fee waiver etc., if any available to the student borrower may be taken into account. Quantum of Finance: Rs. 10 lakh for studies in India. Rs. 20 lakh for studies Abroad. The ceilings fixed for studies in India and Abroad correspond to the limits fixed by the RBI for treatment as priority sector lending. However Regional Managers can consider / sanction higher quantum of loan on course to course basis and on merits subject to condition that the loan amount should be backed by 100% liquid security / collateral security. It may also be noted that even loans in excess of Rs. 10 lakh qualify for interest subsidy under Central Sector Interest Subsidy Scheme for loans up to Rs.10 lakh. Margin : Upto Rs. 4 lacs : NIL, Above Rs. 4 lacs: In India - 5% ,Abroad - 15% Margin ( scholarship may be included in margin.) Processing Fee / Mortgage Charges : No processing / upfront charges may be levied on loans for studies in India sanctioned under the scheme. For studies abroad, Rs.500/- for loan Upto Rs.10 lakh and Rs.1000/- for loan above Rs.10 lakh will be charged while considering the applications, but refunded when loan is availed by the student i.e. within 6 months from the date of sanction. Rate of Interest: Male Students - Base Rate+2.00% Female SC,ST & IIM / IIT students - Base Rate+1.50% Repayment Period of the Loan : Repayment to commence 12 months after completion of studies or 6 months after securing job whichever is earlier. Maximum repayment period Upto 10 years for loans Upto Rs.7.50 lakh Maximum repayment period Upto 15 years for loans above Rs.7.50 lakh.  Repayment on EMI basis. For more Details, Kindly refer the following link : https://www.centralbankofindia.co.in/site/MainSite.aspx?status=2&menu_id=120#top To Apply Online : https://www.centralbankofindia.co.in/site/Submit_loan.aspx Central Bank of India Scheme for financing Executive MBA Objective of the Scheme : Central Bank of India provides Education Loan to MBA Students. Eligibility of the Student  : The student should be an Indian National with minimum work experience of 2 years in Government / Corporate / Multinational concern. The minimum age of the student should be 23 years. Should have been issued NOC by the employer to pursue the MBA programme and avail loan from bank for that purpose. NOC not applicable if resigned from service. The student should possess Income Tax PAN Number and self attested copy of the PAN card should be submitted to Bank. Should have secured admission or intimation of final selection to Executive MBA programme of a reputed institution in India or abroad. Students of the Institutes approved by Retail Banking Department, Central Office, are eligible for loan. List of institutes attached as Annexure I. Staff of our Bank who fulfill the selection criteria of the institute subject to issue of NoC by HRD, C.O. Liability of Finance : Expenses allotted for the Loan : Fee payable to the institute / hostel. Examination / Library / Laboratory fee. Purchase of books / equipments / instruments. Caution deposit, Building fund / refundable deposit supported by Institution bills / receipts Travel expenses / passage money for studies abroad. Purchase of computer - essential for completion of the course. Insurance premium for student borrower Any other expense required to complete the course - like study tours, project work, thesis, etc. However, living expenses, personal / family maintenance expenses etc. will not be covered. Quantum of finance : Maximum Rs.20.00 lakh. Margin: NIL Processing Fee / Mortgage Charges : NIL Rate of interest : For students pursuing Exe.MBA in IIMs and 4 other reputed institutes: ( Schedule A ) Male Students - Base Rate + 0.50%. Female / SC / ST / Minority Community Students - Base Rate. Interest to be compounded monthly. No further concession in rate of interest for servicing of interest by the borrower during the study / moratorium period. For students pursuing Exe.MBA in other institutes ( Schedule B ) Base Rate + 1.25% Female / SC / ST / Minority Community Students - Base Rate+1.25% ( no concession ) Interest to be compounded monthly. No concession in rate of interest for servicing of interest by the borrower during the study / moratorium period. The revised rate of interest will be applicable to new accounts only. Repayment Period of the Loan : Repayment in EMIs to start 3 months after completion of course. Loan is repayable in EMIs for a period Upto 8 years in case the loan amount Upto Rs.7.50 lakh and Upto 12 years in case the loan amount is more than Rs.7.50 lakh. 10 Appraisal / Sanction / Disbursement The loan to be sanctioned as per delegation of powers and disbursed preferably by the Branch nearest to the place of employment / residence of the student. The loan to be disbursed in stages as per the requirement / demand directly to the Institutions / Vendors of books / equipments / instruments to the extent possible. List of Institutes whose Students are Eligible for Finance under Executive MBA : Schedule  -  A Indian Institute of Management, Ahmedabad, Gujarat Indian Institute of Management, Bangalore, Karnataka Indian Institute of Management, Kolkata, West Bengal Indian Institute of Management, Indore, Madhya Pradesh Indian Institute of Management, Kashipur, Uttarakhand Indian Institute of Management, Kozhikode, Kerala Indian Institute of Management, Lucknow, Uttar Pradesh Indian Institute of Management, Raipur, Chhatisgarh Indian Institute of Management, Ranchi, Jharkhand Indian Institute of Management, Rohtak, Haryana Indian Institute of Management, Shillong, Meghalaya Indian Institute of Management, Trichy, Tamil Nadu Indian Institute of Management, Udaipur, Rajasthan Xavier Labour Relations Institute ( XLRI ), Jamshedpur Xavier Institute of Management, Bhubaneswar ( XIMB ) SP Jain Institute of Management and Research ( SPJMR ), Mumbai Management Development Institute ( MDI ), Gurgaon   Schedule - B Symbiosis Institute of Management Faculty of Management Studies ( FMS ) - University of Delhi Jamnalal Bajaj Institute of Management Studies ( JBIMS ) Indian Institute of Foreign Trade - IIFT Indian School of Business (I SB ) – Hyderabad For more Details, Kindly refer the following link : https://www.centralbankofindia.co.in/site/MainSite.aspx?status=3&menu_id=193

City Union Bank  - Vidyavani Objective of the Scheme : The Educational Loan Scheme aims to provide financial support to deserving / meritorious students for pursuing higher education in India and abroad. The Scheme also aims to provide financial assistance to the needy poor to undertake basic education. Eligibility of the Student  : Should be an Indian Resident. Secured admission to Professional / Technical courses through Entrance Test / Selection Process and should produce proof. Secured admission to Foreign University / Institutions and should produce proof. No specific age restriction with regard to age of the student to be eligible for educational loan Studies in India: Graduation courses – B.Sc, B.A, B.Com etc post graduation courses- Masters & Ph.D Professional courses – Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc Computer certificate courses of reputed institutes accredited to Dept. of electronics or Institutes affiliated to University Courses like ICWA, CA, CFA etc courses conducted by IIM, IIT, IISc, XLRI, NIFT etc Regular degree / diploma courses like aeronautical, pilot training, shipping etc approved by Director general of Civil Aviation / shipping, if the course is pursed in India. In case the course is perused abroad, the institute should be recognized by the competent local aviation / shipping authority courses offered in India by reputed foreign universities evening courses of approved institutes Other courses leading to diploma / degree etc., conducted by colleges / universities approved by UGC / Govt. / AICTE / AIBMS / ICMR etc Studies over a Wide Area : Graduation : For job oriented professional / technical courses offered by reputed universities Post-Graduation - MCA, MBA, MS, PhD etc. Courses conducted by CIMA-London, CPA in USA etc Liability of Finance : Expenses allotted for the Loan : For payment of College / School / Hostel Fees. For payment of Examination / Library / Laboratory Fees. For purchase of books / equipments / instruments. For payment of Caution Deposits ( caution deposit not to exceed 10% of total tuition fees for the entire course ) For making Travel Expenses / Passage Money for studies abroad. For purchasing inputs essential for completion of the course. Any other expenses required to complete the course like study tours, project work, thesis, etc. for purchase of computer / laptop of uniforms Insurance premium for student borrower Quantum of Finance: Need based finance subject to the repayment capacity of parents / guardian subject to a) Max. Upto Rs.10 Lakhs for studies in India. b) Max. Upto Rs.20.00 Lakhs for studies abroad. Margin : Upto 4 lakhs – Nil Above Rs. 4.00 lakhs Studies in India - 5 % and Studies abroad – 15 % Moratorium : NIL Processing Fee / Mortgage Charges : No processing fees / upfront charges may be collected for studies in India. For studies abroad, processing fee @ 0.20% should be collected Rate of Interest : Upto Rs.4.00 lakhs For Boys BR plus 4.00 ( 14.75 ) BR plus 4.00 ( 15.00 ) PLR minus 1.50 ( 15.00 ) PLR minus 1.50 ( 15.25 ) For Girls BR plus 3.50 ( 14.25 ) BR plus 3.50 ( 14.50 ) PLR minus 2.00 ( 14.50 ) PLR minus 2.00 ( 14.75 ) Above Rs.4.00 lakhs For Boys BR plus 5.00 ( 15.75 ) BR plus 5.00 ( 16.00 ) PLR minus 0.75 ( 15.75 ) PLR minus 0.75 ( 16.00 ) For Girls BR plus 4.50 ( 15.25 ) BR plus 4.50 (15.50) PLR minus 1.25 ( 15.25 ) PLR minus 1.25 ( 15.50 ) Repayment Period of the Loan : The student / parents have the option to repay the interest during the holiday period. If the student / parent do not opt for the same, the principal o / s together with interest payable should be clubbed and should be repaid in EMIs. The EMI amount should be fixed at the time of commencement of repayment The loan to be repaid in 5 – 7 years after commencement. Holiday Period: Course period + 1 year ( or ) 6 months after getting job whichever is earlier. For more Details, Kindly refer the following link : http://www.cityunionbank.com/english/vidyavani.aspx

Dena Bank’s Vidya Laxmi Educational Loan Scheme Objective of the Scheme : Ensure a bright future for your children. Provide them with the best of higher education in India or abroad. Avail Dena Vidya Laxmi Educational Loan. Eligibility of the Student  : The Student an Indian national and have secured admission to a professional or technical course in an Indian or Foreign university. Simply walk in with the mark sheet of the qualifying exam. and proof of admission. Studies in India : Graduation courses, Post-Graduation courses, Masters & PhD, Professional courses. Studies over a Wide Area : Graduation  :   For job oriented professional / technical courses offered by reputed universities Post Graduation : MCA, MBA, MS etc. Courses conducted by CIMA-London, CPA in USA etc. Liability of Finance : Expenses allotted for the Loan : Fee payable to colleges / schools / hostels Examination / Library / Laboratory fees. Purchase of books, equipment, instruments and uniforms. Passage fare for travel abroad. Purchase of computers needed to complete the course. Any other expense to complete the course like study tours, project work, thesis etc. Quantum of Finance : Upto Rs.10 lakhs for studies in India. Upto- Rs. 20 lakhs for studies abroad. Margin : Upto Rs. 4 lakhs- NIL for study in India and abroad. Above Rs. 4 lakhs- 5% for study in India and 15% for study abroad. Processing Fee / Mortgage Charges : Rs.1000/- for studies abroad which is refundable on availing the limit. Rate of Interest : Please Check out the Interest Rates Section to find latest Interest Rates applicable. 1% interest concession if interest is serviced as and when due during the moratorium period when repayment holiday is specified. Repayment Period of the Loan : For loans upto Rs.7.50 lakhs    :   Upto 10 years For loans above Rs.7.50 lakhs  :   Upto 15 years For more Details, Kindly refer the following link : http://www.denabank.com/viewsection.jsp?lang=0&id=0,4,26,68 To Apply Online : http://webserver1.denabank.co.in:4545/frmApplForm.aspx

Development Credit Bank’s Educational Loan Objective of the Scheme: Development Credit Bank provides Educational Loans for providing financial support to deserving / meritorious students for pursuing higher education in India and abroad. Eligibility of the Student: Individuals of Indian Nationality who have secured admission to recognized courses / universities in India or Abroad through entrance test / selection process Studies in India: Post graduation courses from recognised universities Professional courses from reputed institutes:. Courses conducted by IIM, IIT, IISc, XLRI, NIFT, etc. Studies over a Wide Area : Courses conducted by CIMA – London, CPA – USA, etc., Courses in Universities which take admissions through TOEFL,GMAT,GRE,SAT exams Only one course at a time will be financed Liability of Finance : Expenses allotted for the Loan : Tuition and other fees Maintenance costs, books & equipments, uniform, etc. Caution fund / building fund / refundable deposit Travel expenses / passage money for studies abroad for the first time only Any other expense required to complete the course – like study tours, project work, thesis, etc. Quantum of Finance: a) Studies in India Minimum – Rs. 25,000 Maximum – Rs. 7,50,000 b) Studies abroad Minimum – Rs. 1,00,000 Maximum – Rs. 15,00,000 Margin : a) Upto Rs. 4 lacs         : Nil b) Above Rs. 4 lacs      : Studies in India: 5% : Studies abroad: 15% : Scholarship/assistantship to be included in margin Moratorium : The holiday period enjoyed by the borrower towards repayment of the loan. Moratorium period shall not exceed course duration + 6 months Processing Fee / Mortgage Charges: NIL Rate of Interest: Fixed Repayment Period of the Loan: The borrower has to repay the interest accrued during the moratorium period on a monthly basis through the Post Dated cheques, Standing Instructions, if the customer has bank account with DCB For more Details, Kindly refer the following link : http://www.dcbbank.com/disclosures/educational_loan.html  

Dhanalakshmi Bank’s  Education Loan Objective of the Scheme : Dhanalakshmi Bank provides financial support to meritorious students for pursuing higher education in India and abroad. Meritorious Students under management Quota are eligible for Education Loan. Eligibility of the Student  : For Studies in India : Students of Indian nationality ( whether minor or major ) Parents can also apply jointly with the student and facilitate repayment through existing sources of income Eligible Courses : Graduate and post-graduate degree / diploma courses in computer science, engineering, medicine, dental science, pharmacy, agricultural and veterinary sciences Post-graduate courses in arts, general science, commerce, and management ( from recognized colleges and universities ) Post graduate diploma in computer application from reputed institutes such as NIIT, APTECH, BITECH, SSI etc. For Studies over a Wide Area : Indian National over 18 years of age The applicant should produce a copy of the Result of Qualifying / Mandatory examination such as TOEFL, SAT, GRE, AGRE, GMAT etc. together with a copy of valid passport, proof of Admission to the college or university and a copy of the Visa / Form I-20 Eligible Courses : Under-graduate courses in biological & natural sciences, computer sciences, and engineering Post-graduate courses in the above disciplines and business administration ( Applicants should submit a brief report on the prospects of the course. ) Liability of Finance : Expenses allotted for the Loan : Pay admission and tuition fee Purchase books, study material, equipment and instruments Pay hostel fees and boarding charges For studies abroad, fund expenses of air travel, incidental charges, purchase of outfits ( clothing & other equipment ) Fund other education-related expenses such as examination, library and laboratory fee, uniforms, caution deposit, building fund or refundable deposits supported by Institution bills and receipts, up to 10% of the total tuition fees for the entire course Purchase computers needed for the course. Insurance premium for student borrower Any other expense in relation to the course - study tours, project work, thesis etc. Margin : NIL Moratorium : NIL Processing Fee / Mortgage Charges : NIL For more Details, Kindly refer the following link : http://www.dhanbank.com/personal/education_loans.aspx

Federal Bank’s Educational Loan - Special Vidya Objective of the Scheme : Federal Bank provides financial support to meritorious students for pursuing higher education in India and abroad. Meritorious Students under management Quota are eligible for Education Loan. Eligibility of the Student  : The student should be an Indian National The student  should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC ( 10 plus 2 or equivalent ). Liability of Finance : Expenses allotted for the Loan : Fee payable to College / School, Hostel, Tuition, Examination, Library, Lab Cost of books, equipments, instruments, Uniform, Travel expenses, Computer (if essential for the course) Expenses for study tours / project work / thesis etc Caution deposit, Amount payable towards building fund, refundable deposit etc supported by bills / receipts but cannot exceed 10% of the tuition fee. Quantum of Finance : Quantum of finance is subject to repaying capacity of the parents / students. Satisfactory performance of the student necessary for continued disbursal. Margin : Up to Rs 4.00 L No Margin is applicable.  For studies in India above Rs 4 Lakhs - 5% For Studies Abroad above Rs 4 Lakhs - 15% Processing Fee / Mortgage Charges : NIL Moratorium : 5 to 7 years. ( Moratorium period will be period of the course + one year / 6 months after getting job, whichever is earlier) Rate of Interest : Base Rate  +  2.75%  to   Base Rate  +   4.28% During moratorium period only simple interest will be charged. Repayment Period of the Loan : Repayment of the loan is made as Equated Monthly Installments ( EMI ). You can use any one of the ways to repay the loan: Cheques Standing instructions at your branch FedNet - Internet Banking Automated Payment through ECS Mobile Banking For more Details, Kindly refer the following link : http://www.federalbank.co.in/special-vidya-loan

HDFC Bank’s Education Loan for Indian Education Objective of the Scheme : HDFC Bank focus on giving finances for Education Loan to Indian education Eligibility of the Student  : An Indian resident A between 16 - 35 years. Liability of Finance : Quantum of Finance : Up to Rs. 10 lakh Processing Fee / Mortgage Charges : NIL Repayment Period of the Loan : PDCs / ECS or SI Mandate 3 Security PDCs in case of ECS and SI mode of repayment For more Details, Kindly refer the following link : http://www.hdfcbank.com/personal/products/loans/educational-loan/education-loan-for-indian-education

HSBC’s Educational Loan HSBC, in affiliation with Global Student Loan Corporation® ( GSLC ) has designed a student education loan program to provide funding for students who are seeking to attain a world-class education at a U.S college or university and can help ease students' financial concerns as they embark on one of the biggest decisions in their life – attending the college / university of their dreams. The program enables you to borrow funds Eligibility of the Student: The student should be an Indian National The student  should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC ( 10 plus 2 or equivalent ). Age Limit : Minimum : 18 years Maximum : 58 years Liability of Finance : Expenses allotted for the Loan : The tuition fees component can go up to 100% of the total loan amount The lodging & boarding component is a maximum of 40% of the total loan amount The cost of books & equipment component is a maximum of 10% of the total loan amount The estimate for boarding, lodging expenses and also the cost of books and equipment needs to be confirmed by the concerned school. Margin : HSBC India can fund a maximum of 85% of the total programme fees Upfront contribution proof of the remaining 15% of school fees must be submitted to HSBC, India prior to the disbursal Processing Fee / Mortgage Charges : 1% of the loan amount applied for, subject to a minimum of Rs 5000 plus service tax. This fee is payable on application and is not refundable Additional fees, as charged by GSLC apply. ( If applicable ) A one-time administration fee of 1.75% of the principal amount plus service tax ( at 10.30%, totally 1.93% ) shall be collected by HSBC and payable to GSLC An upfront non-refundable site usage fee of $75 is payable to GSLC via Credit Card or PayPal through the GSLC website For more Details, Kindly refer the following link : https://www.hsbc.co.in/1/2/personal/loans/educational-loan#features

ICICI’s Education Loan - Shiksha Sarthi Objective of the Scheme: An ideal scheme which provides financial support to deserving and meritorious students for pursuing technical / professional higher education in India as well as abroad. The main emphasis is that every meritorious student even poor is provided with an opportunity to pursue education with the financial support and on liberal / simple terms and conditions. Eligibility of the Student : 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. In case of studies abroad, student should submit the Unique Identification Number ( UIN ) / copy of Identity Card to the branch. The student / applicant should not be availing / will not avail any education loan during currency of our loan. Age Limit : Minimum 16 years and maximum upto 40 years. Studies in India : Graduation courses – BA, B.Com, B.Sc. etc. Post Graduation courses - Masters & Phd. Professional courses Computer certificate courses of reputed institutes accredited to Dept. of Electronics or Institutes affiliated to University. Regular Degree / Diploma courses. Courses offered in India by reputed foreign universities. Evening courses of approved institutes. Other courses leading to diploma / degree etc. conducted by colleges / universities approved by UGC / Govt. / AICTE / AIBMS / ICMR, National Institutes and other reputed private Institutions - depending on future prospects / recognition by the user Institutions. Studies over a Wide Area : Graduation – for job oriented professional / technical courses offered by reputed universities. Post graduation – MCA, MBA, MS etc. Courses conducted by CIMA – London, CPA in USA etc. Liability of Finance: Expenses allotted for the Loan : 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, subject to the condition that the amount does not exceed 10% of the total tuition fees for the entire course. Travel expenses ( to and fro ) for studies abroad. Purchase of computer – essential for completion of the course Any other expenses required to complete the course – like study tours, project work, thesis etc. Quantum of Finance : Maximum Upto Rs.10.00 lacs for studies in India and Maximum Upto Rs.20.00 lacs for studies abroad. Quantum of loan will be determined by the Bank on the basis of estimates given by the college / institute ( with proper documentary evidence ) and repaying capacity of student / parent. Any monetary benefit / Scholarship / grants / stipend received by the student will be deducted from the total cost. Margin : Loan Upto Rs.4.00 lacs: No margin Loan above Rs.4.00 lacs: (i) 5% for studies in India (ii) 15% for studies outside India. Processing Fee / Mortgage Charges: No Processing / Upfront / Fore closure charges will be collected on education loan. Rate of Interest : As prescribed / changed by bank from time to time at monthly rests. Presently the rate of interest is 11% ( 4% below BPLR )( subject to change from time to time ) Penal Interest : As per Bank's circulars in force for overdue amount and period. Interest as and when debited will be recovered from the parent till repayment commences. ( In special / deserving cases interest may be funded for the study period up to a maximum of 2 years on selective basis at its sole discretion.) Repayment Period of the Loan : Loan will be repaid in 5 - 7 years after commencement of repayment in equated monthly installments depending upon quantum of loan and repaying capacity. Repayment will commence six months after completion of course or one month after the student starts earning, whichever is earlier. Interest debited will be recovered from the parents till the repayment commences. ( In special / deserving cases interest may be funded for the study period up to a maximum of 2 years on selective basis at its sole discretion.) If the student is not able to complete the course within the schedule time, extension of time for completion of course may be permitted for a maximum period of 2 years. For more Details, Kindly refer the following link : http://www.icicibank.com/ebor/personal-banking/loans/education/

IDBI Bank’s Educational Loan Objective of the Scheme : Education loans from IDBI Bank aim at providing financial support to deserving / meritorious students for pursuing higher education in India and abroad. With an array of services to choose from and easy repayment options, IDBI Bank makes sure you get complete financial backing. However, the facility is also being offered to the meritorious students secured admission through Management Quota. Eligibility of the Student  : The student should be an Indian National The student  should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC ( 10 plus 2 or equivalent ). Studies in India : Graduation courses: BA, B.Com., B.Sc., etc. Post Graduation courses: Masters and Phd Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to university Courses like ICWA, CA, CFA etc. Courses conducted by IIM, IIT, IISc, XLRI. NIFT etc Courses offered in India by reputed foreign universities Evening courses of approved institutes Other courses leading to diploma / degree etc. conducted by colleges / universities approved by UGC / Govt. / AICTE / AIBMS / ICMR etc. Courses offered by National Institutes and other reputed private institutions. Studies over a Wide Area : Graduation: For job oriented professional /technical courses offered by reputed universities Post graduation: MCA, MBA, MS, etc. Courses conducted by CIMA- London, CPA in USA etc. Eligible Courses:  Regular Degree / Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation/Shipping. In case the course is pursued abroad, the competent local aviation / shipping authority should recognize the Institute. Liability of Finance : Expenses allotted for the Loan : 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 - essential for completion of the course Any other expense required to complete the course - like study tours, project work, thesis, etc. Insurance premium for student borrower, if insurance cover sought Quantum of Finance : Study in India- Rs.10 lakhs Study Abroad- Rs. 20 lakhs Margin : Upto Rs. 4 lac - Nil Above Rs. 4 lac studies in India - 5% of the total course expenditure studies abroad - 15% of the total course expenditure studies partly in India and partly Abroad : 5% of the total course expenditure Rate of Interest : Loan amount Rate of Interest (RoI) Loans qualifying as Priority Sector Lending( PSL ) :     Up to Rs. 10 lakhs for studies in India     Up to Rs. 20 lakhs for studies Abroad BR+1% ( currently 11.25% ) ( Floating ) Loan amounts not qualifying as Priority Sector Lending( PSL ) :     Above Rs. 10 lakhs for studies in India     Above Rs. 20 lakhs for studies abroad BR+2% ( currently 12.25% ) ( Floating ) Repayment Period of the Loan : The repayment of loan to begin after the course period + 1 year or 6 months after getting a job, whichever is earlier.The maximum repayment tenor starting from the date of commencement of EMI are as under: For loans up to Rs. 7.5 lakhs: up to10 years For loans above Rs. 7.5 lakhs: up to15 years For more Details, Kindly refer the following link : http://www.idbi.com/education-loan.asp IDBI Bank’s Premier Educational Loan for IIM's, IIT's, ISB Objective of the Scheme : IDBI Bank provides loan for students who’ve got admission and also those who are studying at premier institutions like India Institute of Technology, Indian Institute of Management , Indian School of Business can avail of IDBI Bank’s premier education loan at a preferential rate of interest. Read through for more info. Eligible Courses : Full time professional and technical courses offered by the Premier educational Institutions of the country Liability of Finance : Margin : Up to Rs. 4 lakhs : No Margin Above Rs. 4 lakhs : 5% of the total cost of the course Moratorium : Duration of the course period plus one year / six months after getting a job whichever is earlier Processing Fee / Mortgage Charges : No Processing Fees to be charged Loan Amount : Maximum loan amount up to Rs. 20 lakhs Rate of Interest : The rate of interest to be offered is the prevailing Base Rate of the bank. Repayment Period of the Loan : For loan amount up to Rs. 7.5 lakhs : 10 years For loan amount above Rs. 7.5 lakhs : 15 years For more Details, Kindly refer the following link : http://www.idbi.com/education-loan-premier.asp

Indian Bank’s Educational Loan SHG - Vidhya Shoba Objective of the Scheme : Indian Bank provides financial support to meet the educational expenses of the children of SHG members. Eligibility of the Student  : The student should be an Indian National The student  should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC ( 10 plus 2 or equivalent ). Liability of Finance : Amount of Loan :       In Multiples of accumulated savings subject to maximum of six times at any time of the year depending upon educational requirements of the wards of SHG members. Rate of Interest : Amount Slab( Rs. in Lakhs ) Interest Rate Upto 2.00 BPLR less 1.00% >2.00 BPLR Repayment Period of the Loan : Repayment is over a period of 12 – 24 months. For more Details, Kindly refer the following link : http://www.indianbank.in/products.php?pr=30&sc=3&ty=3&ct=26 Indian Bank’s Educational Loan Objective of the Scheme : Indian Bank provides financial support to meritorious students for pursuing higher education in India and abroad. Meritorious Students under management Quota are eligible for Education Loan. Eligibility of the Student  : The applicant should be an Indian National. He / She should have secured admission to professional / technical courses in India / Abroad through Entrance Test / Merit based selection process. Studies in India : Diploma / Graduation / Post graduation courses in various disciplinesComputer Certificate courses in reputed institutes accredited to the Department of Electronics. Studies over a Wide Area : Job-oriented professional / technical courses offered by reputed universities, MCA,MBA, MS etc. Courses conducted by CIMA - London, CPA in USA etc. Liability of Finance : Expenses allotted for the Loan : Fee payable to college / school / hostel Exam fees Purchase of books Purchase of Equipments Travel expenses Passage money for studies abroad Purchase of computers Quantum of Finance :            For Studies in India: Rs.10.00lakhs and for Studies Abroad: Rs.20.00 lakhs. Higher Quantum of loan subject to a maximum of Rs.15 lakhs for studies in India and RS.25 lakhs for studies abroad also can be considered in deserving and meritorious cases Margin : Upto Rs.4.00 lakhs - Nil. Above Rs.4.00 lakhs: For Studies in India - 5%. For Studies Abroad - 15%. Moratorium : NIL Processing Fee / Mortgage Charges : NIL Rate of Interest :       Please see the Interest Rate link on home page Repayment Period of the Loan :       Maximum period The loan is to be repaid in 5-7 years after commencement of repayment. For more Details, Kindly refer the following link : http://www.indianbank.in/products.php?pr=12&sc=3&ty=3&ct=26  

Indian Overseas Bank’s Educational Loans - Vidya Jyoti Objective of the Scheme: IOB provides financial support to meritorious students for pursuing higher education in India and abroad. Meritorious Students under management Quota are eligible for Education Loan. Eligibility of the Student: Should be an Indian National Should have secured admission to professional / technical courses in India or abroad Studies in India : Loan is made available for Graduation / Post graduation / Diploma / Computer education in any recognized State / Central Government / University, professional courses including Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, courses like ICWA, CA, CFA, etc., courses conducted by IIM, IISC, XLRI, NIFT etc, courses offered in India by reputed foreign universities / Evening courses of approved institutes, regular degree/ diploma  courses like Aeronautical , Pilot training , shipping etc  approved by Director  General of Civil Aviation / shipping  if  the course is pursued in India. In case the course is pursued abroad,  the institute should be  recognized by the competent local aviation / shipping authority.   Studies over a Wide Area : Loans will be made available only for Graduation and Post Graduation Courses offered by Reputed Universities and not for diplomas Liability of Finance : Quantum of Finance : Maximum of Rs. 30.00 lakhs for studying in India and Rs. 40.00 lakhs for studying abroad. Margin  : For loans upto Rs. 4.00 lakh : Nil For loans above Rs. 4.00 lakh Studies within India 5% For studies abroad 15% Processing Fee / Mortgage Charges : NIL Rate of Interest  : Interest to be debited monthly on simple basis during the repayment holiday / moratorium  period. Repayment Period of the Loan : Repay the loan in equal monthly Installments for a maximum period of 5 - 7 years excluding holiday period. For more Details, Kindly refer the following link : http://www.iob.in/Vidya_Jyothi.aspx To Apply : Online : https://www.iobnet.co.in:4430/edu/edu.asp Offline : http://iob.in/uploads/CEDocuments/Education%20loan%20Vidya%20Jyothi.pdf

Jammu & Kashmir Bank’s Educational Loan Objective of the Scheme: Jammu & Kashmir Bank provides financial support to meritorious students for pursuing higher education in India and abroad. Meritorious Students under management Quota are eligible for Education Loan. Eligibility of the Student: Should be an Indian National Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC( 10 plus 2 or equivalent ). Studies in India :        Approved courses leading to graduate / post graduate degree and PG diplomas conducted by recognized colleges / universities recognized by UGC / Govt. / AICTE / AIBMS / ICMR etc. Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc. Courses like ICWA, CA, CFA etc. Courses conducted by IIM, IIT, IISc, XLRI. NIFT,NID etc. Regular Degree / Diploma courses Courses offered by National Institutes and other reputed private institutions. Studies over a Wide Area :   Graduation: For job oriented professional / technical courses offered by reputed Universities. Post graduation: MCA, MBA, MS, etc. Courses conducted by CIMA- London, CPA in USA etc. Degree / diploma courses like aeronautical, pilot training, shipping etc provided these are recognized by competent regulatory bodies in India / abroad for the purpose of employment in India / abroad. Liability of Finance : Quantum of Finance :                        10.00 Lacs for studies in India. 20.00 Lacs for studies abroad. Margin            : For loans Upto 4 lacs - nil For loans above 4 lacs Studies in India - 5% Studies abroad - 15% Processing Fee / Mortgage Charges : NIL Rate of Interest : Education Loans with tenure up to 5 years Up to Rs. 5.00 lacs     12.50% Above Rs.5.00 lacs & up to Rs.10.00 lacs     13.50% Above Rs.10.00 lacs and up to Rs.20.00 lacs     14.25% Education Loans sanctioned for tenor exceeding 5 years, floating interest rate as per the following structure would apply: - Up to Rs. 5.00 lacs PLR-3.00% BR+1.5%   Above Rs.5.00 lacs & up to Rs.10.00 lacs PLR-2.00% BR+2.50%   Above Rs.10.00 lacs and up to Rs.20.00 lacs PLR-0.75% BR+3.75%   Repayment Period of the Loan :                   Repayment of the loan will be in equated monthly installments for periods as under: For loans up to   7.5 lakhs - upto 10 years For loans above 7.5 lakhs - upto 15 years Repayment shall start after Repayment holiday / Moratorium period , which shall be as under; Repayment holiday / Moratorium Course period + 1 year or 6 months after getting job, whichever is earlier. For more Details, Kindly refer the following link: http://www.jkbank.net/customerEducationalLoans.php

Karnataka Bank’s Educational Loan - KBLVIDYANIDHI Objective of the Scheme: Karnataka Bank provides financial support to meritorious students for pursuing higher education in India and abroad. Meritorious Students under management Quota are eligible for Education Loan. Eligibility of the Student  : Any student, representing himself / herself if major, or a minor student represented by parent or guardian, of Indian nationality, who has secured admission to a professional / technical / other course, in India or abroad. Studies in India : Graduate Courses - B.A., B.Sc., B.Com., B.C.A., B.B.M., Diploma in Engineering, Post Graduate Courses - Masters and Ph.D; Professional Courses - Engineering, Medical, Agriculture, Nursing, Veterinary, Law, Dental, Management, Computer, Pharmacy, Physiotherapy, Hotel Management, ICWA, CA, CFA; Courses conducted by IIM, IIT, XLRI, NIFT; Courses offered in India by reputed foreign universities; Evening Courses of approved Institutes; Other Courses leading to Diploma / Degree conducted by Colleges / Universities approved by UGC / GOVT. / AICTE / AIBMS / ICMR; Courses offered by National Institutes and other reputed private Institutions. Studies over a Wide Area : Graduation - Only for job oriented professional / technical courses offered by the reputed Universities; Post Graduation - MCA, MBA, MS; Courses conducted by CIMA-London, CPA in USA etc. Liability of Finance : Expenses allotted for the Loan : Tuition Fees, Hostel Fees and Boarding and Lodging Fees if resident outside Hostel; Examination / Laboratory and Library Fees; Purchase of Books / Study material / Equipment and Uniforms; Caution Deposit / Building Fund / Refundable Deposits ( supported by Receipts issued by the Institution ); Travel expenses / passage money for study abroad; Purchase of Computer if certified as essential for completion of course; other expenses like Project Work, Study Tour and Thesis, which are necessary for completion of course. Quantum of Finance : For studies in India - a maximum of Rs.10 lakh. For studies abroad - a maximum of Rs.20 lakh. Margin : Loan Upto Rs.4 lakh: No margin required. Loan above Rs.4 lakh: 5% for studies in India and 15% for studies abroad. Scholarship / apprenticeship may be reckoned as part of margin. Margin may be brought in on year-to-year basis as and when disbursements are made, on a pro-rata basis. Processing Fee / Mortgage Charges: NIL Rate of interest: General Up to Rs. 4 lakh Normal 10.75 3.50 14.25 Meritorious 10.75 3.00 13.75 Girl Student 10.75 3.00 13.75 Girl Meritorious 10.75 2.50 13.25 General above Rs. 4 lakh Normal 10.75 4.00 14.75 Meritorious 10.75 3.50 14.25 Girl Student 10.75 3.50 14.25 Girl Meritorious 10.75 3.00 13.75 Repayment Period of the Loan : The loan shall be repaid in 5 to 7 years after commencement of repayment. If the student secures employment during the holiday period, the repayment schedule should be advanced to commence immediately. The completion of the course includes internship or apprenticeship if compulsory for award of Degree. If the student does not complete the course within the scheduled period, a maximum period of 2 years is permitted for completion. If the student is unable to complete the course for reasons beyond his control then extension may be granted if deemed necessary to complete the course. The accrued interest during the repayment holiday will be added to the principal and repayment in equated monthly installments ( EMI ) shall be fixed. For more Details, Kindly refer the following link : http://www.karnatakabank.com/ktk/SpAdvances.htm

Karur Vyasa Bank’s Educational Loan Objective of the Scheme: KVB has made it possible for you to pursue your educational dreams. Our loan has been specifically structured to provide you with financial help if you wish to pursue education of your choice, either in India and abroad. Eligibility of the Student: The student should be an Indian National The student  should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC ( 10 plus 2 or equivalent ). Liability of Finance : Quantum of Finance : For studies in India - Rs.10.00 Lakhs. For studies abroad - Rs.20.00 Lakhs Margin : Up to Rs.4.00 Lakhs – Nil Above Rs.4.00 Lakhs: Studies in India - 5% Studies in abroad - 15% Moratorium : Nil Processing Fee / Mortgage Charges : Nil Rate of Interest : Educational loan For Boys For Girls a. Up to Rs.7.50 lacs BR + 3% BR + 2.50% b. Above Rs.7.50 lacs ( falling under Priority Sector ) BR +3.50% BR+3% c. Above Rs.7.50 lacs ( falling under Non Priority Sector ) BR+ 4% BR+3.50% Repayment Period of the Loan : In 5-7 years after repayment holiday ( course period and 1 year or 6 months after getting job whichever is earlier ) For more Details, Kindly refer the following link : http://www.kvb.co.in/personal/educational_loan.html                    

Lakshmi Vilas Bank’s Educational Loan - Vidhya Lakshmi Objective of the Scheme: To meet expenses connected with the pursuit of specific courses of study at recognized institutions, including professional / job-oriented courses, which offer reasonable opportunity for employment & loan repayment capacity on successful completion. Eligibility of the Student: Should have secured admission to professional / technical courses in India or abroad through entrance test / merit based selection process after completion of HSC ( 10 plus 2 or equivalent ). However, entrance test or selection purely based on marks obtained in qualifying examination may not be the criterion for admission to some of the post graduate courses or research programmes. Studies in India: Regular Degree / Diploma courses like aeronautical, pilot training, shipping, degree / diploma in nursing or any other discipline, approved by Director General of Civil Aviation / Shipping / Indian Nursing Council or any other regulatory body as the case may be, if the course is pursued in India. Studies over a Wide Area : Degree / Diploma courses like aeronautical, pilot training, shipping, etc. provided these are recognized by competent regulatory bodies in India / abroad for the purpose of employment in India / abroad. Liability of Finance : Expenses allotted for the Loan : Purchase of computer at reasonable cost essential for completion of the course. Quantum of Finance : For studies in India: Maximum up to Rs. 10.00 lacs. For studies abroad: Maximum up to Rs. 20.00 lacs. Margin : For loans up to Rs.4.00 lacs: Nil For loans above Rs.4.00 lacs: Studies in India: Minimum of 5%. Studies Abroad: Minimum of 15%. Moratorium: Nil Processing Fee / Mortgage Charges : NIL Rate of Interest: For Boy Students: Loans up to   Rs.4.00 lacs:  Base Rate + 3.25% ( PER: 14.50% p.a. ) Loans above Rs.4.00 lacs:  Base Rate + 4.25% ( PER: 15.50% p.a. ) For Girl Students: Loans up to   Rs.4.00 lacs: Base Rate + 2.75% ( PER: 14.00% p.a. ) Loans above Rs.4.00 lacs : Base Rate + 3.75%( PER: 15.00% p.a. ) Repayment Period of the Loan : Holiday Period: Course period* + 1 year or 6 months after employment, whichever is earlier. ( Holiday period could be extended up to 24 months after completion of the studies. ) Repayment Period: The principal & interest ( including interest accrued during the holiday period ) to be repaid in EMIs as follows: For loans up to   Rs.7.50 lacs: up to 10 years For loans above Rs.7.50 lacs: up to 15 years For more Details, Kindly refer the following link : http://www.lvbank.com/Vidhya_Lakshmi_Loan.aspx

Oriental bank of Commerce’s Education Loan for Vocational Courses Objective of the Scheme: Oriental Education Loan Scheme for Vocational Education & Training. The scheme aims at providing financial support to students for pursuing employment oriented skill development courses with affordable terms and conditions. Eligibility of the Student: An Indian National Minimum qualification, as required by the Institution / Organization running the courses eligible under the scheme. Secured admission in courses run or supported by Central / State Govt. institutions i.e. National Skill Development Corporation or State Skill Missions / State Skill Corporations leading to certificate / diploma / degree etc. Eligible Courses: Vocational / Skill development courses of duration from 2 months to 3 years leading to certificate / diploma offered by a recognized State / Central Govt. institution or Statutory / technical body or training department of Govt. etc. Liability of Finance : Expenses allotted for the Loan : Tuition / course fee. Examination / Library / Laboratory fee. Caution Deposit Purchase of books, equipments and instruments Any other reasonable expenditure found necessary for completion of the course ( Local Boarding / Lodging expenses are not necessary to finance and may be considered only on merits ). Life Insurance premium of the student, if insurance cover is obtained by him / her. Quantum of Finance : For courses of duration Upto 3 months   -  Rs. 20,000/- For courses of duration above 3 months & Upto 6 months     -  Rs. 50,000/- Courses of duration above 6 months Upto 1 year  -  Rs. 75,000/- For courses of duration above 1 year      -  Rs. 1,50,000/- Margin : NIL Moratorium : Upon completion of course, repayment will start after the moratorium period as under: For courses of duration Upto 1 year- 6 months from the completion of course. For courses of duration above 1 year- 12 months from the completion of course. Processing Charges : NIL Rate of  Interest : 1% concession in rate of interest is allowed for regular monthly servicing of interest during moratorium period and this concession shall be allowed only after expiry of the moratorium period Repayment Period of the Loan : Loan Upto Rs. 50000  -  Upto 2 yrs. Loan above Rs. 50000 and Upto Rs. 1.00 Lac   -  In 2 to 5 yrs. Loan above Rs. 1.00 Lac - In 3 to 7 yrs. For more Details, Kindly refer the following link : https://www.obcindia.co.in/obcnew/site/inner.aspx?status=3&menu_id=255 Oriental bank of Commerce’s Customized Education Loan Scheme for Students of IIMs, IITs & XLRIs Objective of the Scheme : To provide financial support to meritorious students pursuing various courses conducted by IIMs, IITs & XLRI. Eligibility of the Student  : An Indian National Secured admission through normal selection process on merit ( excluding management quota ). More than 1 member of the same family can be allowed loan, if eligible, as per scheme. Eligible Courses : All regular courses conducted by these institutions excluding specific part-time courses. Liability of Finance : Expenses allotted for the Loan : Fee payable to institution along with reasonable lodging & Boarding charges. Examination, Library, Laboratory fee etc. Caution money deposit subject to 10% of tuition fee ( maximum ). Purchase of computer / essential equipments / books / uniform etc subject to 20% of tuition fee. Insurance premium of student borrower if applicable or obtained. Any other expenses duly approved by the institution, required to complete the course like Study tours, Project work, Thesis etc subject to 20% of tuition fee. Quantum of Finance : Up to Rs. 20 Lacs. Margin : NIL Processing Fee / Mortgage Charges : NIL Rate of Interest : Simple interest will apply during Moratorium period ( Study + Grace period ). Thereafter interest will compound. In view of rate of interest charged in the account at Base Rate, as such, the 1% concession in ROI allowed on account of service of monthly interest during moratorium period is stand withdrawn. Further 0.50% concession for girl students is also withdrawn for subject customized scheme only. Repayment Period of the Loan : For loans upto Rs. 7.50 Lacs - upto 10 yrs. For loans above Rs.7.50 Lacs - upto 15 yrs. For more Details, Kindly refer the following link : https://www.obcindia.co.in/obcnew/site/inner.aspx?status=4&menu_id=66  

Panjab and Sindh Bank’s Education Loan Objective of the Scheme : Panjab and Sindh Bank provides financial support to meritorious students for pursuing higher education in India and abroad and for vocational courses. Eligibility of the Student  : For Vocational Education: Vocational / Skill development courses of duration from 2 months to 3 years run or supported by: A ministry / Department / Organization of the Government or a company / society /organization supported by National Skill Development Corporation or State Skill Mission / State Skill Corporations, preferably leading to a certificate / diploma / degree etc. issued by the Govt. Organization or an organization recognized / authorized by the government to do so. State Level Bankers Committee ( SLBC ) may add other skill development courses/programmes, having good employability. For Studies in India : Approved courses leading to graduate / post graduate degree and P G diplomas conducted by recognized colleges / universities recognized by UGC / Govt./ AICTE / AIBMS / ICMR etc. Courses like ICWA, CA, CFA etc. Courses conducted by IIMs, IITs, IISc, XLRI. NIFT,NID etc. Regular Degree / Diploma courses like Aeronautical, pilot training, shipping, nursing or any other discipline, approved  by Director General of Civil Aviation / Shipping / Indian Nursing Council or any other  regulatory body as the case may be, if the course is pursued in India. Approved courses offered in India by reputed foreign universities. For  Studies over a Wide Area : Graduation : For job oriented professional / technical courses offered by reputed   universities Post graduation:  MCA, MBA, MS, etc. Courses conducted by CIMA- London, CPA in USA etc. Degree / diploma courses like aeronautical, pilot training, shipping etc provided these are recognized by competent regulatory bodies in India / abroad for the purpose of employment in India / abroad. Liability of Finance : Quantum of Finance : For vocational Education: For Courses of duration upto 3 months   :    Rs. 20,000/- For Courses of duration 3 to 6 months     :    Rs. 50,000/- For Courses of duration 6 months to 1 year   :    Rs.  75,000/- For Courses of duration above 1 year  :     Rs. 1,50,000/- For Higher Education in India and Abroad : Studies in India  : Maximum upto Rs. 10 lakhs. Studies Abroad  : Maximum upto Rs. 20 lakhs. Margin : Upto  Rs. 4 lakhs  :  Nil ( including vocational studies ) Above  Rs. 4 lakhs  :    Studies in India          5% Studies in Abroad     15% Processing Fee / Mortgage Charges : For vocational Education: Nil For Higher Education in India and Abroad: Nil. However, for students studying abroad, refundable security of Rs. 2000/- in lieu of processing fee, in Saving account, to be kept under reserve. Rate of Interest : For higher studies in India & abroad Category Loan up to Rs.4 Lac Loan Above Rs.4 Lac & up to Rs.7.50 Lac Above Rs.7.50 Lac General Public BR  ( 10.25% ) +3.00%= 13.25% BR ( 10.25% )+3.25%= 13.50% BR ( 10.25% )+2.50%= 12.75% Staff as Co-Borrower BR ( 10.25% )+2.00%= 12.25% BR ( 10.25% )+2.25%= 12.50% BR ( 10.25% )+1.50%= 11.75% Concession in Interest No Concession 0.50% if Collateral in addition to guarantee is given   For vocational Education Category Rate of Interest ( p.a. ) General Public BR ( 10.25% ) + 3.00% = 13.25% Staff as Co-Borrower BR ( 10.25% ) + 2.00% = 12.25% Repayment Period of the Loan : For Vocational Courses: Loans Upto  Rs. 50,000/-    : Upto 2 years                                    Loans between Rs. 50,000/- to   Rs. 1.00 lac : 2 to 5 years Loans above Rs. 1.00 lac  : 3 to 7 years For Education loan scheme for pursuing Higher Education in India & Abroad: For loans Upto Rs. 7.5 lakhs   : upto 10 years For loans above Rs. 7.5 lakhs  : upto  15 years For more Details, Kindly refer the following link :  https://www.psbindia.com/education.php To Apply Online : https://www.psbindia.com/educationloan.php

Panjab National Bank’s Education Loan - PNB SARASWATI Objective of the Scheme : The Scheme aims at providing financial assistance to deserving / meritorious students ( Indian Nationals ) for pursuing higher professional and technical education in India or abroad. Eligibility of the Student  : Should be an Indian National. Should have secured admission to a higher education course in recognized institutions  in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC( 10 plus 2 or equivalent ). OR Where the admission is purely based on marks scored in qualifying examinations, there is a cut off percentage of marks of 50% for SC / ST and 60% for General category. Studies in India : Approved courses leading to Graduate/ Post Graduate degree and PG Diplomas conducted by recognized colleges / universities recognized by UGC / Govt./ AICTE / AIBMS / ICMR etc. Courses like ICWA, CA, CFA etc. Courses conducted by IIMs, IITs, IISc, XLRI. NIFT, NID etc. Regular Degree / Diploma courses like Aeronautical, pilot training, shipping, nursing etc., approved by Director General of Civil Aviation / Shipping, if the course is pursued in India. Approved courses offered in India by reputed foreign universities. Admission under Management Quota may also be considered. For studying part-time job oriented courses ( evening classes or otherwise ), which are approved / recognized by the regulatory body / authority. Job oriented specialized programmes like maritime courses which are offered in collaboration with foreign institutions and may not be having recognition in India. Studies over a Wide Area : Graduation: For job oriented professional / technical courses offered by reputed universities. Post graduation: MCA, MBA, MS, etc. Courses conducted by CIMA- London, CPA in USA etc. Degree / Diploma courses* like aeronautical, pilot training, shipping etc. provided these are recognized by competent regulatory bodies in India / abroad for the purpose of employment in India / abroad. Liability of Finance : Expenses allotted for the Loan : 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 at reasonable cost, if required for completion of the course. Insurance premium for student borrower, if applicable Any other expense required to complete the course - like study tours, project work, thesis etc. Quantum of Finance : Need based finance, subject to employability and earning potential of the student with prescribed margin as per the following ceilings :- For studies in India: Maximum Rs.10.00 lacs. For studies abroad: Maximum Rs.20.00 lacs. Margin : Upto Rs.4.00 lacs Nil.   Above Rs.4.00 lacs Studies in India 5% Studies Abroad 15% Moratorium : Course Period plus one year or six months after getting job, whichever is earlier. Rate of Interest :   BPLR System Base Rate System   Repayable in less than 03 yrs Repayable in 03 yrs & above Repayable in less than 03 yrs Repayable in 03 yrs & above Vidyalakshyapurti i. Loan Upto Rs.4 lac BPLR – 0.50% BPLR  - 1.00 +  TP BR+3.00% BR+2.50%+ TP ii. Loan over Rs.4 lac to Upto 7.50 Lacs BPLR + 0.25% BPLR -0.25% + TP BR+4.00% BR+3.50%+ TP iii. Loan over Rs. 7.50 lac BPLR + 0.25% BPLR -0.25% + TP BR+3.50% BR+3.00% + TP Repayment Period of the Loan : Course period + 1 year or 6 months after getting   job, whichever is earlier. Repayment of loan will be in equated monthly installments ( EMIs ) for period as under: up to Rs.7.50 lac - upto 10 years Above Rs.7.50 lac - upto 15 years For more Details, Kindly refer the following link : https://www.pnbindia.in/En/ui/EducationLoanScheme.aspx To Apply Online : https://www.pnbnet.org.in/ONLINELOAN/edu/addFresh.html?appType=fresh

Saraswat Bank’s Education Loan - Saraswati Objective of the Scheme : Saraswat Bank provides financial support to meritorious students for pursuing higher education in India and abroad. Meritorious Students under management Quota are eligible for Education Loan. Eligibility of the Student  : The student should be an Indian National The student  should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC ( 10 plus 2 or equivalent ). Liability of Finance : Quantum of Finance : Maximum Rs 10 Lac for education in India Maximum Rs.20.00 Lac for education abroad. Expenses allotted for the Loan : 100% of cost of the studies and other expenses Margin : Nil Processing Fee / Mortgage Charges : For studies in India - Nil Above Rs 2 Lac -2.5% of the loan amount ( max Rs 25000 ) Repayment Period of the Loan : Maximum 144 months inclusive of moratorium period of max 36 months. Rate of Interest : 0.5% concession in Rate of interest for all girl students and students of IIM, IIT, XLRI etc. For more Details, Kindly refer the following link : http://www.saraswatbank.com/home/page/personal/retail_loans/education_loan To download the Application Form, Visit the following link : http://www.saraswatbank.com/uploads/resources/RetailLoans20070302.pdf

South Indian Bank’s Educational Loan - Vitjnan Pradhan Objective of the Scheme : South Indian Bank provides educational loan for Students desirous of pursuing professional courses in India and abroad. Eligibility of the Student  : The student should be an Indian National The student  should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC ( 10 plus 2 or equivalent ). Liability of Finance : Expenses allotted for the Loan : 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, subject to the condition that the amount does not exceed 10% of the total tuition fees for the entire course. Travel expenses / passage money for studies abroad. Purchase of computers -essential for completion of the course.* Insurance premium for student borrower, if applicable Any other expense required to complete the course - like study tours, project work,  thesis, etc. * ( * maximum expenses under these three heads put together, should not exceed 20 % of total tuition fees payable for completion of the course)   Margin : Up to Rs. 4 Lacs : NIL Above Rs.4Lacs : Studies in India : 5% Overseas studies : 15% Processing Fee / Mortgage Charges : NIL Rate of Interest : a) (Upto & including Rs.4 Lacs  For Boys) B.R. + 5.50 % b) Above Rs.4.00 Lacs B.R. + 6 % Repayment Period of the Loan : Repayment period will start from 1 year after qualifying exam or six months after obtaining employment, whichever is earlier. For overseas studies, the holiday is restricted to 6 months fixed after the qualifying examination. Repayment of the loan should be in Equated Monthly Installments as : For loan Upto and including Rs.7.50 Lacs : Upto 10 years. For loans above Rs.7.50 Lacs : Upto 15 years For more Details, Kindly refer the following link : http://www.southindianbank.com/content/viewContent.aspx?linkIdLvl2=12&linkId=92&sec=1 To download Application Form, Visit the following link  : http://www.southindianbank.com/UserFiles/Forms/education_loan.pdf

State Bank of Bikaner and Jaipur’s Educational Loan Objective of the Scheme : The Educational Loan Scheme outlined below aims at providing financial support from the banking system to meritorious students for pursuing higher education in India and abroad. The main emphasis is that a meritorious student, though poor, is provided with an opportunity to pursue education with financial support from the system with affordable terms and conditions Eligibility of the Student  : The student should be an Indian National. Should have secured admission to a higher education course in recognized institutions in India or abroad through Entrance Test / Merit Based Selection process after completion of HSC (10+2 pr equivalent) . Liability of Finance : Expenses allotted for the Loan : Fee payable to college / school / hostel Examination / Library / Laboratory fee Travel expenses / passage money for studies abroad Insurance premium for student borrower, if applicable Caution deposit, Building fund / refundable deposit supported by Institution bills / receipts. Purchase of books / equipments / instruments / uniforms. Purchase of computer at reasonable cost, if required for completion of the course Any other expense required to complete the course - like study tours, project work, thesis, etc. Quantum of Finance : 10.00 lacs for education in India 20.00 lacs for education abroad Margin : For Loans upto  4 lacs - NIL For Loans above  4 lacs For studies in India - 5% For studies Abroad - 15% Processing Fee / Mortgage Charges : NIL Rate of interest          : For girl student –Rate will be 0.50% lower. Study in prime institutions - Rate will be upto1.00% lower. 1% Interest concession may be provided by the bank, if interest is serviced during the study period. Repayment Period of the Loan : Course period + 1year or 6 months after getting job, whichever is earlier. Repayment of the loan will be in equated monthly instalments ( EMI ) for periods as under:- For loans upto  7.5lakhs. - up to 10 years. For loans above  7.5 lakhs - upto 15.years. For more Details, Kindly refer the following link : https://www.sbbjbank.com/We-offer/Personal-Banking-ADVANCES3.htm

State Bank of Hyderabad’s Education Loan – Gyan Shakti Objective of the Scheme : State Bank of Hyderabad provides education loan to extend financial assistance to all eligible / deserving / meritorious students for pursuing higher education in India & Abroad. Eligibility of the Student  : Student Should be an Indian National. Secured admission to professional / technical courses through Entrance Test / Selection process. Secured admission to foreign University / Institution. Studies in India: Graduation, Post-graduation including regular technical and professional Degree / Diploma courses conducted by colleges / universities approved by UGC / AICTE/ IMC / Govt. etc Regular Degree / Diploma Courses conducted by autonomous institutions like IIT, IIM etc Teacher training / Nursing courses approved by Central government or the State Government Regular Degree / Diploma Courses like Aeronautical, pilot training, shipping etc. approved by Director General of Civil Aviation / Shipping Vocational Training and skill development study courses will not be covered under the Education Loan Scheme, as the scheme is framed to provide bank loans for higher studies Studies over a Wide Area : Graduation / Post-graduation for job oriented professional / technical courses offered by reputed universities Liability of Finance : Quantum of Finance : For studies in India, maximumRs.10 lacs Studies abroad, maximumRs.20 lacs Margin : For loans up to Rs.4 lacs: No Margin For loans above Rs.4 lacs: Studies in India: 5% Studies Abroad: 15% Processing Fee / Mortgage Charges : NIL Rate of Interest : Upto Rs.4.00 Lakhs - 12.70% p.a. ( 2.50% above BR ) Above Rs.4.00 Lakhs - 13.20% p.a. ( 3.00% above BR ) For more Details, Kindly refer the following link : http://www.sbhyd.com/educational-loan/

State Bank of India’s Education Loan Objective of the Scheme: A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured. Eligibility of the Student: The student should be an Indian National The student  should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC ( 10 plus 2 or equivalent ). Studies in India: Graduation, Post-graduation including regular technical and professional Degree / Diploma courses conducted by colleges / universities approved by UGC / AICTE / IMC / Govt. etc Regular Degree / Diploma Courses conducted by autonomous institutions like IIT, IIM etc Teacher training / Nursing courses approved by Central government or the State Government Regular Degree / Diploma Courses like Aeronautical, pilot training, shipping etc. approved by Director General of Civil Aviation / Shipping Vocational Training and Skill Development Study Courses will not be covered under the regular Education Loan Schemes. A separate scheme for ‘Loans for Vocational Education and Training’ has been launched which covers financing for such Vocational courses Studies over a Wide Area : Job oriented professional / technical Graduation Degree courses / Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc offered by reputed universities Expenses considered for loan Fees payable to college / school / hostel Examination / Library /Laboratory fees Purchase of Books / Equipment / Instruments / Uniforms, Purchase of computers- essential for completion of the course ( maximum 20% of the total tuition fees payable for completion of the course )  Caution Deposit / Building Fund / Refundable Deposit ( maximum 10% tuition fees for the entire course ) Travel Expenses / Passage money for studies abroad Cost of a Two-wheeler upto Rs. 50,000/- Any other expenses required to complete the course like study tours, project work etc. Liability of Finance : Quantum of Finance : For studies in India, maximum Rs. 10 lacs Studies abroad, maximum Rs. 30 lacs 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% Processing Fee / Mortgage Charges : No processing fee/ upfront charges Deposit of Rs. 5000/- for education loan for studies abroad which will be adjusted in the margin money Rate of Interest : Loan Amount  Rate of Interest* For loans upto Rs.4 lacs 3.50% above Base Rate, currently 13.50% p.a. Above Rs.4 lacs and upto Rs.7.50 lacs 3.75% above Base Rate, currently 13.75% p.a. Above Rs.7.50 lacs 1.75% above Base Rate, currently 11.75% p.a. Repayment Period of the Loan : Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier. Maximum Loan Limit Repayment Period Upto Rs. 4 Lacs Upto 10 years Above Rs. 4 Lacs and upto Rs. 7.5 Lacs Upto 10 years Above Rs. 7.5 Lacs Upto 12 years For more Details, Kindly refer the following link : https://www.sbi.co.in/user.htm To download Application Form, Visit the following Link : https://www.sbi.co.in/webfiles/uploads/files/1210328302454-FORMAT_EDUCATION_LOANS.pdf State Bank of India’s Scholar Loan Scheme Objective of the Scheme : SBI Scholar Loan provides financial support to meritorious students for pursuing higher education in the Premier Institutions Eligibility of the Student  : Sanction of Term Loan to students ( Indian Nationals ) for pursuing higher education in India in the Select 114 Premier Institutions Education Loans for Students securing admission in the country’s best Engineering and Medical colleges, top B-Schools, Law colleges & other reputed institutions Courses Covered Regular full time Degree / Diploma Courses through entrance test / selection process. Full time Executive Management Courses like PGPX are also covered. No Certificate / Part time courses are covered under this scheme. Liability of Finance : Expenses allotted for the Loan : Fees payable to college / school / hostel Examination / Library / Laboratory fees Purchase of books / equipments / instruments Caution deposit / building fund / refundable deposit supported by Institution bills / receipts [ not to exceed 10% of the tuition fees for the entire course ]. Travel expenses / expenses on exchange programme* Purchase of computer / laptop* Any other expenses related to education* No voucher / receipt insisted upon. Purpose ( end use ) need to be self-certified for these expenses. Such expenditure ( without voucher / receipt ) will not exceed 25% of the loan amount( upto a lumpsum amount of max Rs. 1 lac ). If any expenditure for these purposes is required to be made beyond the 25% cap, it can be permitted subject to production of voucher / receipt. Quantum of Finance : Category Maximum Loan Limit No Security, only Parent/ Guardian as co-borrower With tangible collateral of full value and Parent/ Guardian as co-borrower List ‘A’ ( 59 institutions ) Rs. 20 lacs Rs. 30 lacs List ‘B’ ( 55 institutions ) Rs. 7.5 lacs Above Rs. 7.5 Lacs & upto Rs. 30 Lacs   Margin : Nil Processing Fee : Nil Rate of Interest : List A 100bps above base rate i.e., 11.00% p.a. at present Further concessions: 5 bps - work experience of more than 2years 50 bps – with parent/ spouse/ guardian as co-borrowers 75 bps - collateral security >= the loan amount List B 175bps above Base rate i.e. 11.75% p.a.   1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration Repayment Period of the Loan : Course Period duration plus six months moratorium Repayment period upto 12 years. Visit the following link to see the list of institutes. http://www.sbi.co.in/webfiles/uploads/files/1374836398343_LIST_OF_INSTITUTIONS.pdf For more Details, Kindly refer the following link : https://www.sbi.co.in/user.htm To download the Application Form : https://www.sbi.co.in/webfiles/uploads/files/1210328302454-FORMAT_EDUCATION_LOANS.pdf

State Bank of Mysore’s Educational Loan - Gnanamitra Objective of the Scheme : To enable students with academic brilliance to meet tuition and other fees / maintenance costs / books and equipment and cost of passage for studies abroad etc., for pursuing studies at recognised school / college / institution. Eligibility of the Student  : The student should be an Indian National The student  should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC ( 10 plus 2 or equivalent ). Courses Eligible : Diploma / Graduate / Post-graduate courses in the faculties of Engineering, Technology, Architecture, Medicine, Dental Science, Agricultural Science, Veterinary Science and Computer Certificate courses of reputed institutes accredited to department of electronics or affiliated to university Liability of Finance : Quantum of Finance : Higher Education- In India -10.00 lacs Higher Education- Abroad - 20.00 lacs Margin : Upto Rs. 4.00 lacs Nil Above Rs. 4.00 lacs - For studies in India 5% For studies abroad 15% Moratorium : NIL Processing Fee / Mortgage Charges : NIL Rate of Interest : Existing                                 Revised Floating       UptoRs.4.00 Lacs 3.25 13.40 13.50 4.00 to Rs.7.50 Lacs 3.00 13.15 13.25 Above Rs.7.50 Lacs 1.75 11.90 12.00 Repayment Period of the Loan : Completion of course + 1 year or 6 months after getting a job, whichever is earlier.The interest to be debited monthly on simple basis during the repayment holiday / moratorium period. Penal interest @2% will be charged for amount above Rs. 2 lacs for the overdue amount and overdue period. Interest concession of 1% per annum is available, provided the interest is repaid during moratorium period as and when the interest is applied. For more Details, Kindly refer the following link : http://www.statebankofmysore.co.in/gnanamitra-education-loan.html Application Form : To Apply Online : http://statebankofmysore.co.in/education_loan.php To Apply Offline : http://www.statebankofmysore.co.in/images/stories/gnana%20op%20form.pdf

State Bank of Patiala’s Educational Loan Objective of the Scheme:  The loan will be sanctioned for extending financial assistance to deserving / meritorious students for pursuing higher education in India and abroad. Eligibility of the Student: Should be an Indian National Secured admission to Professional / Technical courses through Entrance Test / Selection process. Secured admission to foreign university / Institutions. No minimum qualifying marks stipulated in the last qualifying examination. Studies in India : Graduation, Post-graduation including regular technical and professional Degree / Diploma  courses conducted by colleges / universities approved by UGC / AICTE / IMC / Govt. etc Regular Degree / Diploma Courses conducted by autonomous institutions like IIT, IIM etc Teacher training / Nursing courses lead to Degree or Diploma course and not to certification course approved by Central government or the State Government. Regular Degree / Diploma Courses like Aeronautical, pilot training, shipping etc. approved by Director General of Civil Aviation / Shipping Vocational Training and skill development study courses will be covered separately under IBA Model Loan Scheme for Vocational Education and Training of our Bank. Studies over a Wide Area : Graduation / Post-graduation for job oriented professional / technical courses offered by reputed universities Job oriented professional / technical Post Graduate Diploma courses offered by reputed universities Liability of Finance : Expenses allotted for the Loan : Fee payable to college / school / hostel: Where the student will be making his own boarding and lodging arrangements, the sanctioning authority is authorized to fund boarding and lodging expenses on the basis of estimate submitted by the student / parent, provided such expenses are not more than those charged by the educational institution for boarders. Examination / Library / Laboratory fee. Purchase of books / equipments / instruments / uniforms / computer - essential for completion of the course and any other expense required to complete the course like study tours, project work, thesis, etc., the amount considered for loan should not exceed 20% of the tuition fees for the entire course. Caution deposit / building fund / refundable deposit supported by Institution bills / receipts, the amount considered for loan should not exceed 10% of the tuition fees for the entire course. Travel expenses / passage money for studies abroad. Cost of a two-wheeler Upto Rs. 50,000 can be included in the expenses considered eligible for finance where the loan amount is secured by a suitable third party guarantee and /or tangible collateral security. Two-wheeler can be necessary in some cases where hostel and college are far apart. Premium of the insurance policy covering the life of the borrower for loan. Quantum of Finance :  Studies in India - Maximum Rs. 10.00 lacs  Studies Abroad - Maximum Rs. 20.00 lacs Margin : Upto Rs.4 lacs: Nil Above Rs.4 lacs: Studies in India: 5 % Studies Abroad: 15 % Moratorium  :  Course period + 1 year, or 6 months after getting job, whichever is earlier. Processing Fee / Mortgage Charges : NIL Rate of Interest : 0.50% concession in interest rate for girl students availing Education Loans with effect from 10th April, 2009. 1% concession in rate of interest to be provided for full tenure of the loan if full interest is serviced during the moratorium period ( including course duration ). The interest should be serviced promptly soon after application but not later than the following month to avail the concession. Repayment Period of the Loan : The loan is to be repaid in 5-7 years, after commencement of repayment. If the student is not able to complete the course within the scheduled time, extension of time for completion of course may be permitted for a maximum period of 2 years. If the student is not able to complete the course for reasons beyond his control, the sanctioning authority may at his discretion consider such extensions as may be deemed necessary to complete the course. The accrued interest during the moratorium period/repayment holiday period to be added to the principal and repayment to be fixed in Equated Monthly Installments ( EMI ).   For more Details, Kindly refer the following link : https://www.sbp.co.in/pdf/MITC-edu-loan.pdf To Apply Online : https://www.sbp.co.in/eduloan.aspx

State Bank of Travancore’s Educational Loan - Gyan Jyothi Objective of the Scheme : The scheme provides financial assistance to deserving meritorious students to pursue higher education in India and abroad Eligibility of the Student  : The student should be an Indian National The student Should have  secured admission to professional \ technical courses through entrance test \ merit based selection process conducted by a Govt Agency / University The student Should have secured admission to foreign university institution on the basis of  merit Studies in India : Approved courses leading to graduate/ post graduate degree and P G diplomas conducted by recognized colleges / universities recognized by UGC / Govt. / AICTE /AIBMS / ICMR etc. Courses like ICWA, CA, CFA etc. Courses conducted by IIMs, IITs, IISc, XLRI. NIFT,NID etc. Regular Degree / Diploma courses like Aeronautical, pilot training, shipping, degree / diploma in nursing or any other discipline approved by Director General of Civil Aviation / Shipping / Indian Nursing Council or any other regulatory body as the case may be, if the course is pursued in India. Approved courses offered in India by reputed foreign universities Studies over a Wide Area : Graduation: For job oriented professional / technical courses offered by reputed universities. Post graduation: MCA, MBA, MS, etc. Courses conducted by CIMA-London, CPA in USA etc. Degree / diploma courses like aeronautical, shipping etc provided these are recognized by competent regulatory bodies in India / abroad for the purpose of employment in India / abroad. Liability of Finance : Expenses allotted for the Loan : Tuition / Examination Library / Laboratory Fee, Cost of Books Purchase of Computers / Equipments / Instruments / Uniforms Cost of Passage for Studies Abroad. Caution Deposit Building Fund Quantum of Finance : For studies in India Rs. 10 lacs For studies abroad Rs. 20 lacs Margin : Upto Rs. 4 lacs - Nil Above Rs.4 lacs -  i) Studies in India - 5%                               ii) Studies abroad  -15% Processing Fee / Mortgage Charges : NIL No processing fee for studies in India. For studies Abroad Upto Rs.4 lacs - 0.5% Above Rs.4 lacs - 0.4%( Refundable on a ailment of 1st installment ) Rate of Interest : Loan Amount Existing loans linked to PLR New loans sanctioned from 01.07.10 linked to SBT Base Rate Upto Rs.4 lacs 0.75% below PLR 14.00% Above Rs.4 lacsto Rs. 7.25 lacs At PLR 13.75% Above Rs. 7.5 lacs   13.25% 0.5 % concession for Girl student All Loans sanctioned on or after 01.07.2010 are linked to SBT Base Rate. Existing loans Sanctioned prior to 01.07.2010 are linked to SBT PLR Repayment Period of the Loan : To commence 1 year after completion of course or 6 months after getting job, whichever is earlier. The loan is to be repaid in 10-15 years after commencement of repayment. For more Details, Kindly refer the following link : http://www.statebankoftravancore.com/domloan.htm#gjyothi    

Syndicate Bank’s Education Loan - SyndVidya  Objective of the Scheme : Syndicate Bank provides financial support to deserving / meritorious students for pursuing higher education in India and abroad. Eligibility of the Student  : The student should be an Indian National / NRI Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC( 10 plus 2 or equivalent ). However, entrance test or selection purely based on marks obtained in qualifying examination may not be the criterion for admission to some of the post graduate courses or research programmes. In such cases, banks will have to adopt appropriate criteria based on employability and reputation of the institution concerned. Studies in India : Approved courses leading to graduate/ post graduate degree and PG diploma conducted by recognized colleges/ universities recognized by UGC / Govt. / AICTE /  AIBMS / ICMR etc. Courses like ICWA, CA, CFA etc. Courses conducted by IIMs, IITs, IISc, XLRI. NIFT, NID etc. Regular Degree / Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation / Shipping, if the course is pursued in India. Approved courses offered in India by reputed foreign universities. Other courses leading to diploma / degree etc. conducted by colleges / universities approved by UGC / Govt./ AICTE / AIBMS / ICMR etc Teacher training course / Nursing course / B.Ed Studies over a Wide Area : Graduation: For job oriented professional / technical courses offered by reputed universities. Post Graduation: MCA, MBA, MS etc. Courses conducted by CIMA-London, CPA in USA etc. Degree / diploma courses like aeronautical, pilot training, shipping etc provided, these are recognized by competent regulatory bodies in India / abroad for the purpose of employment in India / abroad. Liability of Finance : Quantum of Finance: Need based finance subject to repaying capacity of the parents / students with margin and the following ceilings. Studies in India - Maximum Rs.10.00 lakh Studies abroad - Maximum Rs.20.00 lakh Margin : Upto Rs.4 lakh : Nil Above Rs 4 lakh : Studies in India - 5% Studies abroad : 15% Processing & Documentation Charges: No processing charges and Documentation charges. Rate of Interest : Upto Rs.4.00 lakhs Base Rate + 2.25% Above Rs.4.00 lakhs Base Rate + 2.75% Concessional rate of interest: Girl students and students belonging to SC / ST category are eligible for concession of 0.50% per annum on the above rates. The girl students under SC / ST category are eligible for a further concession of 0.25% on the above rates ( Total concession 0.75% ) Simple interest would be charged during the repayment holiday / moratorium period. Repayment Period of the Loan : Repayment holiday / moratorium: Course period + 1 year or 6 months after getting job, whichever is earlier. For loans up toRs.7.50 lakhs up to 10 years For loans aboveRs.7.50lakhs up to 15 years For more Details, Kindly refer the following link : http://www.syndicatebank.in/downloads/SyndVidya.pdf Syndicate Bank’s Education Loan - Synd Super Vidya Objective of the Scheme : Providing financial support to deserving / meritorious students for pursuing higher education in Reputed Business schools / Technical / Professional Institutes in India. Eligibility of the Student  : The student should be an Indian National The student  should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC ( 10 plus 2 or equivalent ). Courses Eligible : Technical courses and Post Graduate Masters degree courses and one year Executive Development Programme offered in India by Premier Technical and Management Institutes. Liability of Finance : Quantum of Finance: Maximum `20.00 lakhs Margin : 5% Processing Fee / Mortgage Charges : NIL Rate of Interest : BR+0.50% if interest is serviced during moratorium period, otherwise 1% additional interest 0.50% concession to girl students. However the rate of interest will not be less than the Base Rate. For more Details, Kindly refer the following link : http://www.syndicatebank.in/downloads/SyndSuperVidya.pdf

Tamilnad Mercantile Bank’s Education Loan Objective of the Scheme : The  scheme of choice for parents who wish to educate their children in professional courses in India / Abroad and help them get graduation / post graduation in any field of choice of the student. The cost of the education can be borne by the loan from our bank. Eligibility of the Student  : Should be an Indian National. Secured first class and wish for admissions in Professional / Technical / Other Courses of various studies. Secured admission to foreign University Institutions. Any Student who has attained the age of 18 years or Parent of the Student can avail the loan. Studies in India : School education / Graduation / Post Graduation Courses.** Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc. Courses like ICWA, CA, CFA etc Courses conducted by IIM, IIT, IISc, XLR1, NIFT etc. Courses offered in India by Reputed Foreign universities. Studies over a Wide Area : Graduation: For Job oriented Professional / Technical courses offered by reputed universities. Post Graduation: MCA , MBA , MS, etc. Courses conducted by CIMA-London, CPA in USA etc. **When the age of the student is below 18, Loan may be sanctioned to his parents by complying the relevant condition mentioned further below. Liability of Finance : Expenses allotted for the Loan : 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 - essential for completion of the course. Any other expense required to complete the course - like study tours , project work, thesis etc. Quantum of Finance : Need based finance subject to repaying capacity of the parents / students with margin and the following ceilings: For Studies in India - Max. Rs. 10 Lakhs, For Studies Abroad - Max. Rs. 20 Lakhs. Margin : Upto Rs. 4 Lakhs - Nil. Above Rs. 4 Lakhs - Study in India - 5%. Above Rs. 4 Lakhs - Study Abroad - 15%. Processing Fee / Mortgage Charges : 1.00% of Limit sanctioned without any maximum cap for studies abroad. No processing / upfront charges may be collected on educational loans for studies in India. Rate of Interest : Upto Rs. 4 Lakhs - BR + 3.50% ( 14.25% p.a. ). Above Rs. 4 Lakhs upto Rs. 7.50 Lakhs - BR + 3.50% ( 14.25% p.a. ) *. Above Rs. 7.50 Lakhs upto Rs. 20 Lakhs ( With 100% Collateral Only ) - BR + 3.00% ( 13.75% p.a. ). Interest Rate Concession by 0.50% if covered by 100% and above collateral security. Additional Incentive of 1% in R.O.I for servicing the interest during study and moratorium period. Current Base Rate for Lending ( BR ) is 10.75% p.a. Repayment Period of the Loan : Holiday / Moratorium Period: Course period + 1 year after completing the course. If the student got employed within 1 year after completion of the course, the repayment should start immediately after the expiry of one month from the date of employment. Maximum Repayment period of Loan: The loan to be repaid in 5-7 years after commencement of repayment. If the student is not able to complete the course within the scheduled time extension of time for completion of course may be permitted for a maximum period of 2 years. If the student is not able to complete the course for reasons beyond his control, sanctioning authority may at his discretion consider such extensions as may be deemed necessary to complete the course To download the Application Form, Visit the following Link : http://www.tmb.in/forms/eduloan_01.pdf For more Details, Kindly refer the following link : http://www.tmb.in/retail_education_loan/get_loans_for_higher_education_in_India_abroad.html

Thane Janata Sahakari Bank’s  Education Loan Objective of the Scheme : Allahabad Bank provides financial support to meritorious students for pursuing higher education in India and abroad. Meritorious Students under management Quota are eligible for Education Loan. Eligibility of the Student  :   Salaried / Self-Employed / Business men. Age eligibility would be maximum of 60 years at loan maturity. Repayment capacity will be considered on total income of applicant and co-applicant. Quantum of Finance : Maximum up to Rs. 30 lakhs Repayment Period of the Loan : Maximum up to 7 years ( Max moratorium period of 18 months ) For more Details, Kindly refer the following link : http://www.tjsb.co.in/vidyasidhhi-educational-loan.html To Apply Online, Visit the following link : http://www.tjsb.co.in/form.htm

UCO Bank’s Education Loan Objective of the Scheme : The scheme extends a helping hand to meritorious students desirous of pursuing higher study either in India or abroad. Eligibility of the Student  : The main conditions for eligibility include Student must be an Indian National Secured admission to a higher education course in India or entrance test or selection process after completion of HSC ( 10 plus 2 or equivalent ) Studies in India : Approved courses leading to graduate / post graduate ( Masters & PhD. degree and PG Diplomas conducted by recognized colleges / universities, Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc. ). Computer Certificate courses of reputed institutes accredited to DoE. Courses like ICWA, CA, CFA, etc. Studies over a Wide Area : Graduation : Job oriented professional / technical courses offered by reputed Universities. Post Graduation : MCA, MBA, MS, etc. Courses conducted by CIMA - London, CPA in U.S.A., etc. Age limit : For Graduation: 28 years for general candidates 30 years for SC / ST candidates For Post Graduation: 30 years for general candidates 33 years for SC / ST candidates Liability of Finance : Quantum of Finance : Studies in India : Maximum Rs. 10.00 Lac Studies Abroad : Maximum Rs. 20.00 Lac Margin : Upto Rs. 4 Lac - Nil Above Rs. 4 Lac Studies in India - 5% Studies Abroad - 15% Processing Fee / Mortgage Charges : NIL Rate of Interest : Upto Rs 7.50 lacs :- Base rate + 2.50% Above Rs.7.50 lacs :- Base Rate + 2.25% Repayment Period of the Loan : Upto Rs 7.50 lacs :- Upto 10 years Above Rs.7.50 lacs :- Upto 15 years Repayment Holiday : Course period+ 1year or 6 months after getting job whichever is earlier. 1% interest concession is available during moratorium period, if interest is serviced regularly during the moratorium period. To Apply Offline: http://www.ucobank.com/personal-banking/document/education-loan-form.pdf To Apply Online: http://ucoeduloan.ucobank.com/ucoonlineform.aspx For more Details, Kindly refer the following link : http://www.ucobank.com/personal-banking/loans-advances.aspx#.UrJtHNIW3l8 UCO’s Premier Educational Loan Scheme Objective of the Scheme : Providing financial support at preferential terms to students who have secured admissions in premier educational Institutes of the country. Eligibility of the Student  : The student should be an Indian National The student  should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC ( 10 plus 2 or equivalent ). Courses eligible : Regular full-time Degree / Diploma courses and Part-time courses offered by Institutes eligible under the scheme, admission in which is obtained through an Entrance Test / Selection Process / Percentage of marks as prescribed by the Institute would be allowed. Age Limit : Age limit for General - 38 yrs. Age limit for SC / ST - 40 yrs. Liability of Finance : Quantum of Finance : Maximum loan amount Rs. 30 lacs ( inclusive of group credit life insurance premium ) subject to ceilings for different categories of Institutes as under: Category of Educational Institutes Maximum Loan Amount List 'A' Rs. 30 lacs List 'B' Rs. 20 lacs List 'C' Rs. 15 lacs   Margin : Up to Rs. 4 lacs : No Margin. Above Rs. 4 lacs : 5 % of total fee i.e. Course fee and other expenses. Rate of Interest : Base Rate + 1.00% i.e. currently 11.20% p.a. Repayment Period of the Loan : Repayment of the loan will be maximum 180 equated monthly installments ( EMIs* ). ( i.e. 15 years maximum ) Processing Fee / Mortgage Charges : NIL For more Details, Kindly refer the following link : http://www.ucobank.com/personal-banking/loans-advances.aspx#.UrJtHNIW3l8

United Bank of India’s Educational Loan Objective of the Scheme : United Bank of India provides financial support to meritorious students for pursuing higher education in India and abroad. Eligibility of the Student  : The student should be an Indian National The student  should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC ( 10 plus 2 or equivalent ). Studies in India : Post Graduation Courses: Master’s and Ph.D. Professional Courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc. Computer Certificate Courses of reputed Institutes accredited to Dept. of Electronics or Institutes affiliated to University. Courses like ICWA, CA, CFA, etc. Courses conducted by IIM, IIT, IISC, XLRI, NIFT, etc. Courses offered in India by reputed foreign Universities. Evening Courses of approved Institutes. Other Courses leading to Diploma / Degree, etc. conducted by Colleges / Universities approves by UGC / Govt./ AICTE / AIBMS / ICMS, etc. Studies over a Wide Area : Graduation: For job-oriented professional / technical courses offered by reputed Universities. Post Graduation: MCA, MBA, MS, etc. Courses conducted by CIMA - London, CPA in USA etc. Liability of Finance : Expenses allotted for the Loan : Fees 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 : Essential for completion of the Course. Any other expenses required to complete the Course like study tours, project work, thesis, etc. Quantum of Finance : For study in India : Max. Rs. 10 lac For study abroad : Max. Rs. 20 lac Margin : 1. For loan up to Rs. 4.00 lac - Nil                               2. For loan above Rs. 4.00 lac     a) For study in India -  5%                                               b) For study abroad -15%        Processing Charges : a) For study in India: Nil b) For Abroad: 0.20% of loan amount. Rate of Interest : Upto 4.00 lac BR +2.00% i.e. 12.25% p.a. Above Rs. 4.00 lac BR + 2.75% i.e. 13.00% p.a. Above Rs 7.5 Lac BR +2.00% i.e. 12.25% p.a. Repayment Period of the Loan : For loans up to Rs.7.5 lakhs- not exceeding 10 years. For loans above Rs. 7.5 lakhs- not exceeding 15 years. If loan size is less than Rs.4 lacs and student’s income is sufficient enough to service EMI, the repayment period may be fixed up within a period up to 7 Years in consultation with the borrowers.                        For more Details, Kindly refer the following link : http://www.unitedbankofindia.com/english/EducationLoan.aspx United Bank of India’s Superb Education Loan Scheme United Bank of India provides financial support to meritorious students for pursuing higher education in India and abroad. Eligibility of the Student  : The student of Indian national to pursue admission to the above courses through entrance test / merit based selection process in India. Courses Eligible: Professional Courses : Engineering, Medical,  Management etc. as per Bank’s approved list Liability of Finance : Expenses allotted for the Loan : Fees payable to College 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: Essential for completion of the Course. Any other expenses required to complete the Course like study tours, project work, thesis, etc. Quantum of Finance : For study in India: Max. Rs. 30 lac Margin : For List A Institutes : Upto Rs 20 lacs-Nil, Above Rs 20 lacs-5% For List B Institutes : Upto Rs 10 lacs-Nil & Above Rs 10 lacs-5% Processing Fee / Mortgage Charges : Nil Rate of Interest : for the eligible students ( parental family income less than Rs. 4.50 lac p.a.)only for Interest paid during moratorium period only subject to fulfillment of terms and conditions of the scheme Repayment Period of the Loan : The loan is to be repaid in 10 years after commencement of repayment. The repayment will commence after a moratorium / repayment holiday which is Course period plus 1 year or 6 months after getting job whichever is earlier. For more Details, Kindly refer the following link : http://www.unitedbankofindia.com/english/SuperbEducation.aspx  

Union Bank of India - Union Education Objective of the Scheme : Union Bank of India provides financial support to meritorious students for pursuing higher education in India and abroad. Meritorious Students under management Quota are eligible for Education Loan. Eligibility of the Student  : Indian citizen Secured admission to the concerned institute in India or abroad through appropriate selection process and cleared the qualifying examination, if any Studies in India : Graduation / post-graduation / diploma courses from recognized universities Technical / professional / management courses Studies over a Wide Area : Graduation / post-graduation degrees offered by recognized universities Certified degree courses conducted by CIMA, London, CPA, USA and other such institutes Diploma courses are not covered under Union Education Liability of Finance : Quantum of Finance : For studies in India - maximum up to Rs. 10 Lakhs. The quantum of loan is higher for the institutes covered under Special Education Loan schemes. Please check the Special Offers Tab above for further details. For studies outside India- maximum Up to Rs. 20 Lakhs Margin : For loans up to Rs. 4 Lakhs, the margin is nil For loans above Rs. 4 Lakhs, margin is 5% for studies in India and 15% for studies outside India Scholarship / assistantship will be included in the margin Moratorium : The moratorium period is minimum of the following two. Course period + 1 year Course period + 6 months after commencement of job Rate of Interest : Quantum of loan Rate of Interest   For male student For girl student Up to Rs.7.50 Lakh 12.50% ( fixed ) 12.00% ( fixed ) Above Rs.7.50 Lakh 12.25% ( fixed ) 11.75% ( fixed ) If interest is regularly serviced during the course and moratorium period, i.e. prior to the commencement of repayment, then the student is eligible for interest rebate. Please contact the nearest branch for details. No processing charges. Wherever applicable, Valuation / Legal / Stamp Duty / CERSAI / Memorandum registration charges as per actual Repayment Period of the Loan : Quantum of loan Maximum repayment tenure ( after the course & moratorium period ) Upto Rs. 7.50 Lakh 10 years Above Rs.7.50 Lakh 15 years To Apply Offline: http://www.unionbankofindia.co.in/UserFiles/Union%20Education%20Application.pdf To Apply Online: http://www.unionbankofindia.co.in/Onlineretailloanapp.aspx For more Details, Kindly refer the following link : http://www.unionbankofindia.co.in/personal_retail_education.aspx?type=special

Vijaya Bank’s Education Loan Objective of the Scheme : Vijaya Bank provides Education Loans for Indian nationals- meritorious students for pursuing higher education in India or abroad. Studies in India : Graduation, Post-graduation including regular technical and professional Degree / Diploma courses conducted by colleges / universities approved by UGC / AICTE / IMC / Govt. / AIBMS / ICMR. Etc Regular Degree / Diploma Courses conducted by autonomous institutions like IIT, IIM, NIFT, IISc etc Regular Degree / Diploma Courses like Aeronautical, pilot training, shipping etc. approved by Director General of Civil Aviation / Shipping. Courses like ICWA, CA, CFA etc. Studies over a Wide Area : Job oriented professional / technical Graduation Degree courses / Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc offered by reputed universities and Courses conducted by CIMA-London, CPA in USA etc. Liability of Finance : Expenses allotted for the Loan : Fees payable to college / school / hostel. Examination / Library / Laboratory fees. Purchase of Books / Equipment / Instruments / Uniforms, Purchase of computers- essential for completion of the course ( maximum 20% of the total tuition fees payable for completion of the course ). Caution Deposit / Building Fund / Refundable Deposit ( maximum 10% tuition fees for the entire course ). Travel Expenses / Passage money for studies abroad. Fee payable to college for Indian School of Business. Quantum of Finance : Studies in India - Rs. 10 lakhs Studies Abroad - Rs. 20 lakhs Indian School of Business student - Rs. 20 lakhs Students of Premier Central Institutions such as IIMs, IITs etc - Rs. 20 lakhs Processing Fee / Mortgage Charges : NIL Rate of Interest : For Loan Amount Rate of interest IBA Scheme For loans up to Rs.4 lakhs Base Rate + 1.80 = 12.00% For loans Rs. 4 lakhs & above Base Rate + 2.25 = 12.45% Management Quota ( Non IBA ) Irrespective of loan amount Base Rate + 2.55 = 12.75% Education Loan to Indian School of Business student Irrespective of loan amount 11.75% ( Fixed ) Education Loan to the students of Premier Central Institutions such as IIMs, IITs etc Irrespective of loan amount 11.75% ( Fixed ) Repayment Period of the Loan : IBA Scheme  : Up to Rs. 7.50 lakhs  - Up to 10 years Rs. 7.50 lakhs & above - Up to 15 years Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier. Management Quota ( Non IBA ) - Up to 10 years : Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier. IIMs, IITs : Up to 7 years - Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier. Indian School of Business student : Up to 7 years - Repayment will commence after completion of 18 months or soon after the placement, whichever is earlier. For more Details, Kindly refer the following link : http://www.vijayabank.com/Loans-and-Advances/Retail-Lending-Schemes/Education-Loan