Educational Loans Bank List Details

8/9/2019 Educational Loans Bank List Details

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HINDUSTANLINK CAREER & JOBS

Educational Loans for Students in India. Details of Indian Banks offering Educational Loan in

India:

Andhra Bank HDFC State Bank of MysoreAllahabad Bank Indian Overseas Bank Syndicate Bank

Bank of Baroda Indian Bank

Bank of Maharastra IDBI Money Scholar State Bank Of SaurashtraBank of India Karnataka Bank United Bank Of India

Bank of Rajasthan Mysore Bank UCO Bank

Canara Bank Oriental Bank of Commerce United Western Bank

Central Bank Punjab & Sind Bank Vijaya BankCatholic Syrian Bank Punjab National Bank Vysya Bank

Development Credit Bank Limited State Bank of Hyderabad

Dena Bank State Bank of India

Federal Bank Ltd. State Bank of Indore

boi

Bank of India

Vidya Vardhini Scheme

Purpose:Pursuit of studies In India and abroad

Approved Courses:Graduate and post-graduate courses in engineering, computertechnology, medicine etc.All

vocational courses/job oriented diploma courses, recognised by govt and universities.Similarcourses pursued in universities abroad. Full time post graduate research in any of the aforesaid

subjects.

Eligibility:

Should be a citzen of India. For vocational training courses and job oriented course age of theindividual should be between 15-28 years,and 18-30 in case of post graduate courses and/or

studies abroad.The applicant should have a good academic record. For studies abroad, the

candidate should have secured admission in a particular university after having appeared in the

specific entrance examinations. The applicant should have secured a minimum of 50% marks inthe major subject.In case of SC/STcandidates eligibility norms may be relaxed.

Amount of loan:

The loan could vary depending on the specific subject requirement.For studies abroad Rs15lakhs.For studies in India Rs 7.5lakhs
http://www.studyplaces.com/indiahttp://www.studyplaces.com/india


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Over Rs.4 lakh - In India 5%

Studies Abroad 15%

( Relaxation of loans upto Rs.50,000/-for SC/ST )Rate of interest: Upto Rs.4 lakh PLR

Above Rs.4 lakh PLR + 1%

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Dena Bank

Dena Vidya Laxmi Education Loan Scheme

Courses approved

a. Studies in India :

School education including plus 2 stage.Graduation courses : BA, B.COM., B.Sc.,etc.

Post Graduation courses : Masters & 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 etcCourses conducted by IIM, IISc, IIT, XLRI NIFT etc.

Courses offered in India by reputed foreign universities.

Evening courses of approved institiutes.

Other courses leading to diploma/ degree etc. conducted by collegesUniversities approved by UGC/ Govt/AICTE/ AIBMS/ICMR etc.

Courses offered by National Institutes and other reputed private institutions. [Banks may havethe system of appraising other institution courses depending on future prospects/recognition by

user institiutions.]

b. Studies abroad :

Graduation: For job oriented professional technical courses offered by reputed universities.Post graduation: MCA, MBA, MS, etc.

Courses conducted by CIMA- Loanon, CPA in USA etc.

Eligibility: The student should be:

An Indian NationalHave secured admission to professional/ technical courses through Entrance Test /Selection

process.

Secured admission to foreign university/Institutions.Amount of loan: Need based finance subject to repaying capacity of the parents/students with

margin and the following ceilings.
http://www.studyplaces.com/mbahttp://www.studyplaces.com/usahttp://www.studyplaces.com/mbahttp://www.studyplaces.com/usa


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Studies in India - Maximum Rs.7.50 lacs.

Studies abroad - Maximum Rs.15 lacs.

Margin :

Inland (studies in India)

Upto Rs. 4 lacs : NilAbove Rs. 4 lacs : Studies in India : 5%

Studies Abroad : 15%

- Scholarship/assistantship to be included in margin.- Margin may be brought in on year-to-year basis as and when dibursements are made on a pro-

rata basis.

Rate of Interest :

Upto Rs.4 lacs : PLR

Above Rs.4 lacs : PLR + 1%

Period of loan: Repayment holiday/ Moratorium : Course period + 1 year or 6 months after

getting job, whichever is earlier.

The loan to be repaid in 5-7 years after commencement of repayment. If the student is not able tocomplete 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.

The accrued interest during the repayment holiday period to be added to the principal andrepayment in Equated Monthly Instalments(EMI) is fixed.

1% interest concession may be provided for loanees if interest is serviced during the study period

when repayment holiday is specified for Interest/repayment under the scheme.PROCESSING CHARGES : No processing/upfront charges are charged by the bank on

Educational loans.

Contact :Delhi Tel: 5724837, 5730400

Bangalore Tel: 6345563

Chennai Tel: 4310542, 4330438

Hyderabad Tel: 5505081Kolkata Tel: 2472278, 2473860

Mumbai Tel: 2181231, 2189155

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For studies in India: Rs. 7.50 lacs

For studies abroad Rs.15.00 lacs

In case of part time computer courses, the extent of loan should not exceed Rs. 50,000/- per

annum or fee fixed by the particular institutution (as per prospectus less concession,if any),whichever is less.

.

Rate of Interest

Loan upto Rs. 4 lac 12.00% p.a. *Loan over Rs. 2 lac upto Rs. 15 lac 13.00% p.a. *

Loan over Rs. 15 lac 15% p.a.*

*This is subject to change from time to time.

The Interest shall be charged at simple rate from the date of disbursement till the commencement

of repayment of loan and thereafter, compound Interest will be charged on reducing balancebasis. 1/2% interest concession may be provided for the loanees if the interest is serviced during

the study period.

MarginNIL

Period of loan

Principal and Interest is repayable in 84 monthly instalments. Repayment will commence aftertwo years of the completion of studies by the borrower or one month after his/her getting

employment, whichever is earlier.

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sboy

State Bank of Hyderabad

PurposeFor pursuing studies in recognised schools/ colleges/ institutions to meet: - Tution and other fees

- Maintenance costs, books and equipment etc.

- Cost of passage (for studies abroad)

Eligibility

For School / College education in India.

a) Minimum second division (Pass marks for SC/ST)


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b) Parents / guardians (Including persons engaged in agriculture / allied activities having

independent regular source of income.

Loan Amount

(I) School / College education in India: (Upto 6 times the monthly net (take home) income of theparents / guardian. Minimum loan of Rs. 4,000/- Maximum Rs. 1lac.

(ii) Technical / Professional higher studies in India and Abroad 90% of the cost of study, subject

to maximum of Rs. 8lacs.

Margin10%

Interest Rate

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

Period of Loan

(I) For School / College Education in India: Loans to be repaid in a period of 36months,commencing immediately after disbursal, by the parents / guardian.

(ii) For Technical / Professional higher studies in India and abroad: The loan is to be repaid is 60

months after the completion of the course of securing job, whichever is earlier. Regular periodic

repayment as much as possible should be made during the period of study. Quarterly interest

should be paid regularly.

(iii) Permitted without any penalty.

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sbi

State Bank of IndiaPurpose

You can take a loan for pursuing studies in recognised schools/colleges/ institutions to meet:

Tuition and other feesMaintenance costs, books & equipments,etc.Cost of passage (for studies abroad)

Caution fund/building fund/refundable deposit

Eligibility


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* Should be an India National

* Secured admission to professional/ technical courses through Entrance Test/ Selection process

* Secured admission to foreign university/ Institution

Loan Amount

Need based finance subject to the repaying capacity of the parents/ students with margin and the

following ceilings.

* studies in India - Maximum Rs.7.50 lacs* studies Abroad - Maximum Rs.15 lacs

Margin

Upto Rs.4 lacs: No margin

Above Rs.4 lacs

* Studies in India: 5%* Studies Abroad: 15%

Interest

Lowest interest rates

Loan Amount Interest Rate

Loans upto Rs.4 lacs SBMTLR presently 12.00 %p.a.Loans over Rs.4 lacs 1% above SBMTLR presently 13.00 % p.a

* While interest is not required to be paid during moratorium period, payment of the same beforestart of repayment would entitle you to concession in interest rate applied during the repayment

holiday

Repayment of loan

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

The loan to be repaid in 5-7 years after commencement of repayment

Prepayments permitted without any penalty

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Allahabad Bank

PurposeYou can avail of the attractive education loan scheme if you have secured admission to or are

already studying in any of the country's IIMs or IITs or in any of the designated institutes.


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Eligibility

You are eligible for the education loan if you fulfill the following criteria: A student who has

secured admission or is already studying in any IIM, IIT, Indian Institute of Science, Bangalore,Jamnalal Bajaj Institute of Management, Mumbai, XLRI Jamshedpur, Roorkee Engineering

College or Indian School of Mines, Dhanbad.

Amount of Loan

The loan will be in the form of a package which will cover entire tuition fees, hostel and messcharges, library fees or any other fees / charges payable to the institution subject to a maximum

of Rs 2.50 lacs.

Period of loans

Loans repayable In 48 Equated Monthly Installment (EMI).The EMI will commence one yearafter the completion of the course or whenever is earlier.The interest, however, will be realised

during the pendency of the loan on a quarterly basis.

Loan Amount Interest RateLoans upto Rs.4 lacs (In India) 12.5% pa, SBMTLR presently 12.00 %p.a.

Loans above Rs 4 lacs 1% above SBMTLR presently 13.5 % p.a

Tenures: Minimum of 12 months to a maximum of 48 months

Contact :Delhi Tel: 3341152


Chennai Tel: 8282206, 8230267

Hyderabad Tel: 7637738Kolkata Tel: 2401529

Mumbai Tel: 4923246

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Andhra BankMaximum Amount for India : Rs 100000

Maximum Amount Overseas : Rs 500000

Documents to be submitted: Bank documents, Academic records

Interest Rate in IndiaUpto 400000 : 12%

Above Rs 400000 : 13.5% pa.Interest Rate for OverseasLoans Upto 400000 : 12%

Above Rs 400000 : 13.5% pa.

Collateral and Third Party Guarantee are required

Tenures: Maximum of 5 years


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Eligibility: 1st class marks in previous exams and selected for proffesional course

Repayment 1 year after completion of course or 3 months after getting a job whichever is earlier.

When to Apply: After getting Admission in college/institute

Time taken to process documents: 1 Week

Contact:Delhi Tel: 3350248


Chennai Tel: 4991868, 4994294Hyderabad Tel: 4756023-25

Kolkata Tel: 2471359

Mumbai Tel: 2046160, 2047620

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Karnataka Bank

Eligibility: Admission approval with previous satisfactory academic record.

Maximum Amount for India : Rs 800000


Documents to be submitted : Previous academic record and admission approval.

Time To Process: Nearly a Month

Interest RateIn India:

Upto Rs 200000 : 13.5% paAbove 200000 : 15.5% pa

For Overseas

Upto Rs 200000 : 13.5% paAbove 200000: 15.5% pa

Collateral and Third party Guarantee required.

Tenures: Eight Years

Repayment: At the end of completion of the course.

Contact :Delhi Tel: 3341426, 3360872


Chennai Tel: 5342459, 5342092

Hyderabad Tel: 3202102, 3201029


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Contact

Delhi Tel: 5712934, 5729817

Bangalore Tel: 2265436, 2260540Chennai Tel: 5383416

Hyderabad Tel: 4705920, 4743684

Kolkata Tel: 2201892, 2207912Mumbai Tel: 2870307

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Bank of Maharastra

Eligibility: Should have secure admission for in School/College/Institute



Documents to be submitted: Pass Certificate of Previous School/University/Institute

Time To Process : A Fortnight

Interest Rate

India: 13.75%

Overseas: 13.75%Collateral and Third Party Guarantee required


Contact :

Delhi Tel: 3321754Bangalore Tel: 2264997

Chennai Tel: 4364410

Hyderabad Tel: 7843238Kolkata Tel: 2203996, 2207122

Mumbai Tel: 2661295, 2652595

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Indian Overseas Bank

Eligibility: Should have a good academic record.

Maximum Amount for India : Rs 200000Maximum Amount Overseas : Rs 600000


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Documents to be submitted : Mark sheets,addmission approval,address proof,photgraph,income

proof .

Time To Process: 1 Week

Interest RateIn India

Upto Rs 400000 : 12% pa

Above Rs 400000 : 13% pa.For Overseas

Upto Rs 400000 : 12% pa

above Rs 400000 : 13% pa.

Collateral and Third Party guarantee required.

Tenures : Maximum of five years

Repayment: Maximum after 3 months of completion of course or the date of joining of job whichever earlier

Contact :

Delhi Tel: 3362003Bangalore Tel: 2266207



Mumbai Tel: 2182226

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hdfc

HDFC Bank Educational Loans

Purpose: HDFC gives loans to students to partly meet their educational expenses / costs for

pursuing specific higher educational courses at institutes approved by HDFC. Loans are given to

students who are citizens of India. The student should have a consistently good academic record,

and admission to an approved Educational Institute for pursuing a recognized course.

Eligibility: Students enrolled with an approved Educational Institute and desirous of availing theeducation loan can make an application, with the earning parent / guardian being the co-applicant

to the loan. Currently, new entrants and existing students of only select leading national

educational institutions are eligible to apply for education loans. Please check with your nearestHDFC Office for the list of approved institutions.

Amount of loan: Loans can be availed upto a maximum of 90% of the total cost as determined by

HDFC. The costs would generally cover expenses incurred towards the course fee, library


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charges, hostel and mess charges, cost of books and equipment. HDFC lends upto a maximum of

Rs. 2,00,000 on an Education Loan.

The period of the loan is determined on the merits of each case but would not exceed 5 years.The repayment can be accelerated on completion of the course, considering the earning capacity

of the student. HDFC's main concern is to help individuals comfortably repay the borrowedamount.

Rate of interestLoan Amount (Rs.) Rate of Interest - % p.a.

Upto 2,00,000 14.0

Contact :

Delhi Tel: 6103146, 6185944Bangalore Tel: 2274600, 2219473



Mumbai Tel: 2820282

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uco

UCO BankPurpose: The scheme extends a helping hand to a meritorious student desirous of pursuing higher

studies either in India or abroad.

Courses approved

Studies in India

Graduation Courses in recognised universities leading to degrees like B.A., B.Sc, B.Com,B.Tech, B.E., MBBS etc.

Diploma/Certificate courses from recognised universities or Govt. recognised institutes in

disciplines of Engineering, Medicine, Agriculture, Computer, Tourism, Hotel Management andsuch other technical/professional courses.

Chartered Accountancy and Cost & Work Accountancy from the Institute of Chartered

Accountants of India and Institute of Cost & Works Accountants of India respectively.

Post Graduate Courses leading to degrees like M.A., M.Sc., M.E., M.Tech, MBA, M.S. M.D.etc.

Post Graduate Research studies in Pure & Applied Sciences, Economics and other Social

Sciences etc. in a recognised university leading to Doctoral Degree.Studies Abroad

Full time Post Graduate or Doctoral Programmes in Engineering, Medicine, Technology (Pure &

Applied Sciences), Agriculture, Computer Science, Business Administration, Economics andother Social Sciences.


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For Foreign Universities, considering that in addition to fees, there are travel / preparatory

expenses, the loan amount shall not exceed Rs. 15 Lakh, in all.

Interest ratesLong term Prime Lending Rate + 1% p.a. + taxes

Processing Fees: Rs. 1000 at application, and Rs. 500 p.a. thereafterCost of documentation / legal expenses at actuals

Period of loans

Graduate Studies: Maximum moratorium period of 5 years including the actual duration of the

course. After which the loan should be repaid within the next 3 years.

Post Graduate Studies: Moratorium period of 2 years i.e. the course duration. Loan repayment

within the next 3 years.No prepayment penalties levied

In fact, there are incentives for prompt repayment. Like refund of the entire processing fee, if not

a single installment is missed/delayed.

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vijaya

Vijaya Bank Educational Loan

Eligibility: For studies in IndiaA student of Indian Nationality is eligible to apply for the loan

provided he/she has secured admission to the institution/college/university.

Approved courses: Full time courses (Diploma, Teachers' Training, graduation or Post

graduation and Doctorate studies) in all branches of medicine, engineering, agriculture,

CA/ICWA/ACS, Computer Science, Architecture, Business Administration, Law, Arts, Science,Commerce, Hotel Management, Nursing and Pharmacy (except Foreign University Degreecourses offered in India)

Amount of loan: The bank provides a loan of Rs.10000/- for a student's education at a junior

college; teacher's training course and other short-term courses that are approved by the

Government.Loans worth Rs.50000/- are also offered to students who wish to do a polytechniccourse/computer course, or desire to pursue graduation/post-graduation in any discipline, such as

arts, commerce, science, pharmacy, agriculture & fisheries.A maximum amount of Rs.4 lakhs for

graduation/post-graduation in engineering, architecture, dental science, medicine, chartered/costaccountancy & business administration courses, offered by a reputed institution.

Margin: No margin for loans up to and inclusive of Rs.25000/- and a minimum margin of 25%

for loans above Rs.25000/-

Repayment: Repayment of the loan commences from the 6th month after the student completeshis/her course or the 3rd month of securing a job, whichever is earlier. The loan is to be repaid

within a maximum period of 6 months depending upon the repayment capacity.


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For studies abroad :

Eligibility: Meritorious students who have been selected for any course in foreign universities

are eligible to avail of the foreign education loans.

Amount of loan: The bank provides Rs. 10,00,000/- as a loan for his/her education at a foreign

university.

Margin: 25% (To be brought pro rata as and when disbursements are made)

Period of loan: The loan is repayable in 60 monthly installments. Repayment of the loan is to

commence 6 months after the student completes the course or completion of 3rd month aftersecuring a job, whichever is earlier.

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vijaya

Catholic Syrian Bank

Eligibility: Minimum age 21 years having 60% marks throughout and have admission approval.



Documents to be submitted : Academic Records and admission approval.


Interest Rate

In IndiaUpto Rs 200000 : 14% pa,

Above Rs 200000 : 16% pa.For Overseas

Upto Rs 200000 : 14% pa,

Above Rs 200000 : 16% pa.Collateral needed if loan is above Rs 25000

Third Party Guarantee is also required.

Age : Between 21 years to 65 years.

Tenures: Maximum 40 months

Repayment: Maximum after 3 months of completion of course or the date of joining of job whichever earlier

Contact

Delhi Tel: 3715951, 3328747Bangalore Tel: 8462878

Chennai Tel: 8526397, 8520125

Hyderabad Tel: 3203112, 3202985


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Kolkata Tel: 2381455, 2482713

Mumbai Tel: 2660239, 2665641

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ib

Indian BankFor Studies in India - Scheme Highlights

Purpose: To meet the cost of education covering tuition fees, Exam fees, Development fees,

Hostel fees, books, instruments etc.

Approved courses: Computer Courses:Part-time/Full-time in Institutes approved by Government

of India (Department of Electronics)

Duration of the course: Minimum - 12 monthsMaximum - 48 months

Amount of loan: For Computer Courses: Maximum : Rs.1.00 lacFor other professional courses:Maximum : Rs.3.50 lacs

Margin: Upto Rs.2.00 lacs : 10%Upto Rs.3.50 lacs : 15%

Rate of Interest: Upto Rs.2.00 lacs : 12%Above Rs.2.00 lacs upto Rs.3.50 lacs : PLR +1% (i.e.

13.5%)

Period of loan: Initial holiday period of 6 months after the completion of the course orimmediately on getting a job whichever is earlier

For limits upto Rs.1.00 lac : 42 monthsFor limits upto Rs.3.40 lacs : 60 months

For Studies Abroad - Scheme Highlights

Course of Study: Any Graduate/Post-graduate courses with good employment prospects. The

period of study should not exceed 5 years

Amount of Loan: Maximum - Rs.10.00 lacs

Margin: Upto Rs.5.00 lacs : 15%Above Rs.5.00 lacs : 25%

Rate of Interest: PLR + 1.5% (i.e. 14%)

Period of loan: Interest to be serviced every quarter. Repayment of principal to commence 6

months after the completion of the course or immediately on getting a job whichever isearlier.For limits upto Rs.10.00 lacs - Maximum 96 months

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fbl


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Federal Bank Limited

Federal Vidya Loan Scheme

Purpose: The purpose of the loan is to make available financial assistance to the needy anddeserving students of bright academic record so as to enable them to continue higher studies in

India or Abroad either in diploma/graduation or post-graduation level in Arts, Science,Commerce, Management, Medicine and Engineering.

Eligibility: Under this scheme the loan can be sanctioned to any student of Indian nationalitywho intends to join any of the approved courses in an Educational Institution recognised by the

government or any University in India or Abroad.

Courses Approved:

A - Category:- Academic courses such as Diploma, Graduate/Post-Graduate courses in Arts,Science and Commerce etc.,

B - Category:- Professional courses such as Diploma, Graduate/Post-Graduate courses in

Engineering, Medicine, Dental Science, Agricultural Science, Veterinary Science, ComputerScience, Nursing, Pharmacy, Business administration, Law etc.,

Type of Loan:

The loan account shall be operated as a term loan. To facilitate flexibility in operation, future

debits on account of recurring expenses in each semester/year can be made to this account.

Margin:The margin is NIL for courses in India. For foreign studies a minimum margin of 10% is to be

insisted on.

Amount of Loan:(Rs in Lakhs)

Place of studies

Minimum

Maximum

In India0.50

5.00

Abroad0.5010.00

Rate of Interest:

Upto Rs.5 lakhs

13.5 %


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Above Rs.5 lakhs

14.5 %

Period of Loan:The period of the loan consists of the period required for the completion of the course and that

meant for repayment of the loan. The repayment should begin within 12 months on thecompletion of the course or after the student secures employment whichever is earlier.

Maximum period of the loan11 Years

Minimum period

3 Years

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sbom

Oriental Bank of CommerceEligibility: Must have obtained admission in a reputed institute in india or abroad. Repayment :

After completion of course

Maximum Amount for India: Rs 750000


Documents to be submitted : Admission slip, residence proof, age proof, letter from institute

Time To Process: A Fortnight

Interest Rate

In India

Upto Rs 400000 : 11.5%Above Rs 400000 : 12.5%

For Overseas

Upto Rs 400000 : 11.5%Above Rs 400000 : 12.5%

Collateral and Third Party Guarantee required.

Tenures: Maximum of Seven Years

Contact:Delhi Tel: 3316777

Bangalore Tel: 2219762, 2219767

Chennai Tel: 8522940, 8550068

Hyderabad Tel: 3201803, 3201298


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Kolkata Tel: 2821514, 2294823

Mumbai Tel: 2189286

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Mysore Bank

MYSORE BANK PROFESSIONAL COURSE SCHEME FOR DOCTORS

SBM, Founded by Sir.M.Visweahwaraya, has framed a scheme for the Professional in the field

of medicine for pursuing higher studies in recognized university / institutions in India/Abroad.

To Meet:

(i). Tuition and other fees.

(ii).Maintainance Cost / Hostel Fees

(iii).Cost of Books and Equipment.

(iv). Cost of Passage ( for studies abroad)

Pre Requisite :

(i). Admission offer from any Recognized University.

(ii).Details of income of Parent / Guardian.

Margin: 10% of the total cost.

Interest: Compounded at quarterly intervals on reducing balance.

Repayment

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

Security:

Security consisting of any of the following :

Government securities, UTI Bonds, NSC's, LIC Policies, Bank Deposits of equitable Mortgage

of immovable property. Third party guarantee, if is insufficient.

For further details Contact :

STATE BANK OF MYSORE - Zonal office your nearest branch of SBM.

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Syndicate Bank


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Loan for Students

Pre Requisites :

The candidate should submit the proof of the admissions and the fee structure with the necessarycredential of the college.

Eligibility: The Candidate of the candidate's guardian should hold an account in the bank. Thecandidate should be from the same place as the bank to avail the loan otherwise has to open an

account in the bank of his choice and avail loan 6 months hence.Interest:

14.5%

Coverage: Tuition fee.

Payment:The loan will be due to the bank till the end of the course of the candidate of till the candidate is

employed ; whichever is earlier. The interest amount in the meanwhile should be paid back either

by the candidate himself or by his guardian.

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Canara Bank

Educational Loans

Offered for India at Undergraduate, Postgraduate for the duration of the course; not renewable.

Subject: Unrestricted. (Only technical courses for which Reserve Bank of India clearance is

available.

Eligibility: Open to applicants who have 60% minimum marks in basic qualification and whohave confirmed admission in a university in the UK. Interview is required. For bans up to and

inclusive of Rs. 1,00,000, co-obligation from suitable person is required. For loans beyond Rs.

1,00,000, collateral security of property or other approved securities whose value is equal to theloan amount is required.

Value: 75% of the requirements of the course (maximum Rs. 10,00,000 for entire course),

covering airfares, fees and maintenance.

Whom to contact: Further information and application form can be had from Canara Bank, Head

Office, Priority Credit Section; Credit Wing, 112 J C Road, Bangalore 560002, or any otherbranch of Canara Bank.

Contact

Delhi Tel: 6286087Bangalore Tel: '5589502

Chennai Tel: '8524790

Hyderabad Tel: 3225324,3220607
http://www.studyplaces.com/ukhttp://www.studyplaces.com/uk


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Kolkata Tel: '2474881

Mumbai 2185241

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bob

Punjab & Sind BankMaximum Amount for India : Rs 500000

Maximum Amount Overseas: Rs 500000

Documents to be submitted: Admission form, document proof of eligibility, expenditure TimeTo Process: A Fortnight

Interest Rate

In India

Upto Rs 200000 : 12%Above 200000 : 13.5%

For Overseas

Upto Rs 200000 : 12%

Above 200000 : 13.5%Collateral and Third Party Guarantee required.


Repayment : Interest with course period after that maximum of 72 EMI

Contact:Delhi Tel: 5720849Bangalore Tel: 2267476


Hyderaba Tel: 4650771, 4650773Kolkata Tel: 2484309

Mumbai Tel: 2651039

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bob

State Bank of IndoreEligibility: Should have first class marks and have received admission. Repayment After

completion of course.




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bob

Vysya Bank

Eligibility: Admission approval

Maximum Amount for India: Rs 750000Maximum Amount Overseas: Rs 1500000

Documents to be submitted: Previous academic records,addmission approval, address

proof,income proof,introduction.

Time To Process :2 Weeks

Interest Rate

In India - 16.5%

For Overseas - 16.5%

Tenures:On Course length.Repayment: After completion of course

Contact :

Delhi Tel: 3329212

Bangalore Tel: 2235189, 2230511Chennai Tel: 8522244

Hyderabad Tel: 4753725, 4750798

Kolkata Tel: 2425440, 2423509Mumbai Tel: 2882666, 2884247

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bob

State Bank Of Saurashtra

Eligibility: Graduation with 65% marks

Maximum Amount for India: Rs 750000Maximum Amount Overseas: Rs 1500000

Documents to be submitted: Guaranty of father property's papers

Time To Process: 1 month

Interest RateIn India

Upto Rs 25000 : 12%

From Rs 25000 to Rs 200000 : Rs 12.25%

Above Rs 200000 : 14.50%For Overseas


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Upto Rs 25000 : 12%

From Rs 25000 to Rs 200000 is Rs 12.25%

Collateral and Third Party Guarantee required.

Repayment: After employment Contact:

Delhi Tel: 6236549


Chennai Tel: 5341780Hyderabad Tel: 3201990, 3203036

Kolkata Tel: 2101092

Mumbai Tel: 2613976

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bob

United Bank of India



Documents to be submitted: Letter of authorisation from university, Copy of Passport & Visa,Salary slip,


Interest Rate

In India

Upto Rs 200000 : 12%Above Rs 200000 : 15.5%

For OverseasUpto Rs 200000 : 12%

Third Party Guarantee required.

Tenures: 3 to 5 Years

Repayment: 6 months after completion of course

Contact:Delhi Tel: 3360661, 3363416

Bangalore Tel: 5582179Chennai Tel: 4941834Hyderabad Tel: 4756994

Kolkata Tel: 2487470-72

Mumbai Tel: 2871261-62

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