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In the present day scenario, with a very competitive youth of India and Foreign Education being the new Trendy way of getting educated, thousands of Indian students dreams of studying abroad in the world highly ranked universities. But one of the most prominent hurdles in doing so is huge tuition fee in foreign universities and colleges. Students in India can overcome this hurdle by applying for the education loans in the Indian banks. Indian banks offer education loans for studying abroad which include travel, tuition fee and other related expenses on easy terms.

Educational Loans 1.1INTRODUCTION

An education loan is a form of financial support from any bank or financial institution that enables a student for taking higher education. Availability of the education loan, at the appropriate time will help millions of deserving bright young Indians to achieve their dreams come true. All graduation, post-graduation and professional courses from institutes approved by the state and central government and also from foreign universities are eligible for a loan. Several institutes/ colleges have tied up with various banks, for the benefit of prospective students. For studies in India one can get loans up to Rs.7.5 lakh and up to Rs. 15 lakh for studies abroad. Before giving the loan, banks study the viability of the borrower based on personal discussions with the student, family's assets and annual income, the nature of the course and reputation of the institute. In most banks for loans up to Rs. 4 lakh no collateral or margin is required and the interest rate will not exceed the Prime Lending Rates (PLR). For loans above Rs. 4 lakh the interest rate will be PLR plus 1 percent. PLR is a term used to refer the interest rate of the bank and it may vary with each bank. Some banks offer lower rates to women students or those from specified institutions. Security to the loan depends on the amount. Security is some form of investment (i.e. bank deposits, house property etc.) that are surrendered to the bank while taking the loan. Security is not needed for loan amounts up to Rs. 4 lakhs. Instead of security, some bank may ask for a third party guarantee (guarantor) for higher loan amounts. There is no need to repay the loan while studying. The repayment starts after you have finished the course or started working. The repayment cannot be delayed for years after the completion of course. The loans are to be repaid over a period of 5 to 7 years with provision of grace period of one year after completion of studies.

A comprehensive educational loan scheme was framed with the consultation of Government of India with reserve bank of India and Indian bankers association.
This scheme can avail a loan of up to 7.5 lakhs in India and up to 15 lakhs for abroad studies. These figures are not stable in nature for banks. State bank of India is availing an upper limit of 20 lakhs and in recent days. Indian bank has upgraded its maximum limit to 15 lakhs for education in India and 25 lakhs for abroad studies. All the details given below will change time to time and students are advised to get right information from the banks concerned.

Eligibility Security processing fee Documents Rate of interest Credit delivery Margin Repayment holiday Capability Certificate

Eligibility
The eligibility criteria of the bank to obtain an educational loan from any bank of India:The student who is seeking for educational loan should be Indian national The student should have secured admission to professional/ technical courses through entrance test/selection process The student should have secured admission to foreign university/institution

Take a peek into other important points of consideration that the comprehensive educational loans:-

Documents
You need to keep the following documents in place before applying for an educational loan: Mark sheets of the last qualifying examination for school and graduate studies in India. Proof of admission to the course. Scheduling of expenses to the course. Copies of letter confirming the scholarship. Copies of foreign exchange permit, if applicable. Two passport size photographs. Bank statement for the last six months of the borrower. Income tax assessment order not more than two years. Brief statements of assets and liabilities of the borrower. If you are not an existing bank customer you would need to establish your identity and give proof of residence.

Margin
If the course cost is up to 4 lakhs, nil for both studies in India and abroad. If the course cost is above 4 lakhs, 5% for inland studies and 15% for studies abroad.

Security
Banks have the following security/collateral security requirements for granting loans to students. However, the requirements differ from bank to bank. Loan up to INR 4 lakhs. No collateral security. Security in the form of

Loan above INR 4 lakhs and up to INR 7.5 lakhs. Satisfactory third party guarantee.

Loan above INR 7.5 lakhs.

(a) Collateral security of suitable

(b) Co-obligation of parents/guardians/third Party along with assignment of future Income of the student for payment of Installments.

Rate of interest
The rate of interest is 10.75 % up to INR 4 lakhs and it does not exceed the Prime Lending Rates (PLR). For a loan above INR 4 lakhs, the interest rate is 11.75 % and it will not exceed PLR plus 1 percent. However, the rate of interest is subject to changes as per the specifications of RBI or the concerned bank.

Repayment holiday
Loans are repayable in 5 to 7 years. Repayment of both principal and interest will start after one year after completion of the course or six months after getting employment, whichever is earlier. Interest will be charged on simple basis during the period of study / moratorium period. At the commencement of repayment, the accrued interest is added to the principal amount and Equated Monthly Installments (EMIs) fixed on total outstanding amount. After commencement of repayment, the benefit of simple interest would be discontinued.

Processing fee
Most of the Indian banks do not charge any processing fee or upfront charges. The State Bank of India accepts a deposit of INR 5000 for education loan for studies abroad, which is adjusted in the margin money.

Credit delivery
You can avail the loan from the branch nearest to the place of your permanent domicile.

Disbursement: - while applying the loan, in the case of normal course your future income prospect will be taken into account. If required the means of your parent or guardian can also be taken into account to evaluate re-payment capability.

The loan is sanctioned as per delegation of powers preferably by the branch nearest to the place of domicile. No application for educational loan received is rejected without the concurrence of the next higher authority.

The loan is disbursed in stages as per the requirement/demand directly to the institutions/vendors of books/equipment/ instruments to the extent possible.

Follow up
The bank from which you have availed the loan can contact the college/university authorities to send your progress reports, at regular intervals.

Capability Certificate
If you are going abroad to study, some of the foreign universities require you to submit a certificate from your bankers about the sponsor's solvency/financial capability with a view to ensure that your sponsors are capable of meeting the expenses till completion of studies. Accordingly branches can also issue the capability certificate. For this financial and other supporting documents may be obtained from you, if required.

Finally, you need to hit on the right bank with the right educational loan scheme to suit your needs. Parameters to weigh the alternatives are many; as in, whether the bank provides loan for the course you are opting for and if yes, then up to what extent, the margin and security requirements, the rate of interest, proximity of bank to your residence, et al. The discretion is yours after a thorough analysis.

A brief overview about the fees of some of the common and famous foreign universities:

HBS(Harvard business school)

MBA Class of 2014 Student Budget Married/DP with One Child $53,500 Married/DP with Two Children $53,500

Single

Married/DP

Tuition HUHS Student Health Fee (SHF)* Student Health Insurance Plan (SHIP)** HUSHP for Student Spouses/Dependent s Program Support Fee***

$53,500

$53,500

$930

$930

$930

$930

$2,168

$2,168

$2,168

$2,168

$0

$4,922

$7,506

$8,804

$6,690

$6,690

$6,690

$6,690

Room & Utilities (9 months)

$10,800 ($1,200/mo ) $13,112 ($1,457/mo ) $87,200

$16,641 ($1,849/mo ) $16,949 ($1,883/mo ) $101,800

$21,123 ($2,347/mo ) $21,583 ($2,398/mo ) $113,500

$21,123 ($2,347/mo ) $27,985 ($3,109/mo ) $121,200

Board, Personal, Other (9 months)**** Total

* HUHS Student Health Fee is obligatory regardless of your health insurance status. ** Student Health Insurance Plan expense may be waived upon proof of health insurance coverage. ***Fee includes expenses for academic-related programs, books, cases, (webbased) course materials, and other materials you receive in your courses. This fee also remains constant, unless you leave for more than one term. ****Estimate based on the experiences of most MBA students. Your actual personal expenses may be higher or lower. Please note that eligibility for federal student aid is based on the single student budget.

LBS (LONDON BUSINESS SCHOOL)

Fees and financing Fees for the MBA programme include:

tuition for the full 15-21 months core course reading materials Elective course reading materials.

Fees The MBA tuition fees for the programme commencing in August 2012 are 57,500. When researching the cost of the MBA Programme you should take into account the potential earning opportunities that students have while on the programme, based on individual agreements with companies for summer internships and Management Reports.

STANFORD (graduate school of business )

Tuition & Expenses Tuition for the 2012/2013 academic year is $57,300. To assist with your financial planning, your tuition is guaranteed for two years based on your start class. Depending on marital status and other factors, you should budget an additional $30,000 to $47,000 per year for living costs, books, and other expenses. The following is the estimated budget for an average student entering in fall 2012. While living expenses vary, this is the standard estimate used in determining financial need. Sample First Year Student Budget Nine-Month Academic Year, September 2012 - June 2013 Single On Campus Tuition Living Allowance (1) Week Zero Expense Books & Supplies Instructional Materials $57,300 $23,391 Single Off Campus $57,300 $27,486 Married Married On Off Campus(3) Campus(3) $57,300 $33,525 $57,300 $37,788

$846

$960

$1,128

$1,248

$2,184

$2,184

$2,184

$2,184

$1,710

$1,710

$1,710

$1,710

Transportation $963 Medical Insurance (2) Health Fee $3,600

$2,013 $3,600

$2,988 $3,600

$4,044 $3,600

$537

$537

$537

$537

TOTAL

$90,531

$95,790

$102,972

$108,411

Sample First Year Student Budget With Study Trip (4) Single On Campus Study Trip $1,500 Study Trip $4,000 $92,031 Single Off Campus $97,290 Married On Campus (3) $104,472 Married Off Campus (3) $109,911

$94,531

$99,790

$106,972

$112,411

1. Living allowance includes rent, food, and personal expenses for a moderate lifestyle. An additional allowance may be made for eligible dependent children. 2. Stanford University Cardinal Care medical insurance allowance is included for all students, even if an alternative insurance is used by the student. The single student health insurance rate is quoted for married students on the assumption that the spouse will have separate coverage. 3. If a student is a U.S. citizen or permanent resident and married, the cost of attendance that appears on the award letter will reflect that of a single student. Please note, fellowship eligibility for married U.S. citizen or permanent resident students will be determined based on the married student cost of attendance, and loan eligibility will be determined based on single student cost of attendance. The U.S. Department of Education has established a set of calculations that govern the awarding of federal loans. The federal need analysis system compensates for the cost of additional family members by reducing the amount of income a married student is expected to contribute toward the cost of attendance; the amount is lower than that of a single student with the same income. 4. There are many ways to meet the global experience requirement (GER). However the expenses for the global study trips service learning trips and participation in the STEP Program can be added to the cost of attendance. The expenses may range more or less than the amounts stated above. The actual expense will only be added to your cost of attendance when the Financial Aid Office is informed how a student intends to fulfill their GER.

The GSB will provide financial aid for the students using a global study trip, service learning trip, or STEP to fulfill their GER in the form of fellowship and loans. Other options to meet the global experience requirement are not included in the cost of attendance, such as Global Management Immersion Experience (GMIX), but may be subsidized by the GSB. updated 14 March 2012

Columbia Business School

Student Budget Attending Columbia Business School is a significant investment of time and money. Recognizing this, the School strives to provide students with various means to finance the degree. The budget provided below is based on a moderate student lifestyle and represents the maximum amount of financial aid possible for the fall/spring 201213 academic year. Estimated Student Budget, Fall/Spring 201213 (in US dollars) Tuition (021 points/term) Mandatory fees Health services and insurance Books and supplies Room and board Personal expenses (clothing, travel, loan fees, etc.) Total fall/spring first-year budget Total fall/spring second-year budget Class of 2013 $58,384 $3,055 $2,981 $900 $20,700

$4,590

$90,610*

$89,165

*If you have extenuating circumstances, please contact the Financial Aid Office. Students may incur additional costs not included in the budget above, such as the following:

Comprehensive medical insurance (only basic coverage is included) Medical expenses not covered by insurance Study Tours Computer replacement costs

Optional activity fees, such as club dues and event costs

Taking figures from the survey conducted in 2011: At the moment, annual costs are roughly estimated at:

Country USA UK Australia New Zealand Canada

Tuition fees range

US$6,000 40,000 4,000 21,000 AU$9,000 $18,000 NZ$14,000 $21,000 C$2,000 $16,000

Cost of living range

US$10,000 $15,000 9,000 $12,000 AU$18,000 $20,000 NZ$12,000 $15,000 C$15,000 $20,000

Note that average costs may be higher or lower than the middle of these ranges, and youll need to apply the current exchange rate to see what this equates to in your own currency.

Now talking about the Loans offered by some of common banks of India and their criterias

Please note: The information below is accumulated from different kind of sources. There is no liability for any inaccuracy of information or changes/updation in the terms of Banks. GeniusAbroad.com is not responsible if any information below changes or become incorrect in future. Please check with respective banks for updated information. Click on the bank links for most up to date information.

Andhra Bank

Andhra Bank Education Loan scheme -- Dr. Pattabhi Vidhya Joyti

Eligibilty of Candidate for Andhra Bank Education Loan Studies in India-Candidates should be within 12-30 years of age. Studies Abroad-Candidates applying for Dr. Pattabhi Vidya Jyothi education loan should be within 18-35 years of age

Quantum of Loan for Andhra Bank Education Loan Maximum Amount for India : Rs 10 lakhs

Maximum Amount Overseas : Rs 20 lakhs

Expenses covered under Andhra Bank Education Loan scheme Andhra Bank education loan covers tuition fee, examination fee, expense of study tours, hostel charges, cost of books and refundable deposits. The travel expenses and passage money are also included in the loan.

Margin for Andhra Bank Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.

Security for Andhra Bank Education Loan Parents need to act as guarantor for Andhra Bank education loan amount up to Rs. 4 lacs. For loans up to Rs.7.50 lacs, guarantee of the parents is essential. Both collateral security and guarantee by parent are required for education loans above Rs. 7.50 lacs.

Bank Website for Andhra Bank Educaion Loan For more information visit bank website: Education Loan

Allahabad Bank

Allahabad Bank Education Loan scheme

Eligibilty of Candidate for Allahabad Bank Education Loan Student be an Indian National. Secured admission to professional/ technical courses in India or Abroad through Entrance Test/ Merit based Selection process. Studies 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. Regular Degree/ Diploma courses like Aeronautical, pilot training, shipping etc., the Institute should be recognised by the competent local aviation/ shipping authority.

Quantum of Loan Maximum Amount for India : Rs 10 lakhs Maximum Amount Overseas : Rs 20 lakhs

Expenses covered under Allahabad Bank Education 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 Bills/Receipts of the Institution, subject to the conditions that 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. Any other expenses required to complete the course, such as- Study Tours, Project Work, and Thesis etc.

Margin for Allahabad Bank Education Loan

For loan upto Rs 4.00 lacs: NIL For loan above Rs 4.00 lacs: (i) Studies in India: 5% (ii) Studies abroad: 15% Scholarship / Assistantship to be included in Margin. Margin Money to be brought on year-to-year basis and disbursements are made on a pro-rata basis.

Bank Website for Allahabad Bank Education Loan For more information visit bank website: Education Loan

Bank of Baroda

Bank of Baroda Education Loan scheme -- Baroda Scholar

Eligibilty of Candidate for Bank of Baroda Education Loan Should be an Indian National Secured admission to Professional/Technical courses at foreign Universities/Institutions. Course Eligibility for Bank of Baroda Education Loan 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 Aviatio

Quantum of Loan Maximum Amount of loan: Rs 20 lakhs

Expenses covered under Bank of Baroda Education Loan scheme

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/reciepts. 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.

Margin for Bank of Baroda Education Loan 15%

Security for Bank of Baroda Education Loan

Upto Rs.4.00/- lacs : No security Above Rs. 4.00 Lacs and up to Rs. 7.5 lacs: Collateral in the form of a

suitable third party guarantee alognwith assignment of future income.

Above Rs.7.5 lacs: Tangible collateral security equal to 100% of the loan amount along with assignment of future income

Bank Website for Bank of Baroda Education Loan For more information visit bank website: Education Loan

Bank of Maharashtra

Bank of Maharashtra Education Loan scheme

Eligibilty for Bank of Maharashtra Education Loan Student should be Indian national, have secured admission by Entrance test / Merit bases selection. Job oriented Prof./Technical / PG courses/ Post Graduation: - MCA, MBA, MS

etc

Quantum of Loan Maximum Amount Overseas : Rs 20 lakhs

Margin for Bank of Maharashtra Education Loan Up to Rs. 4.00 lac - Nil Above Rs.4.00 lac - 15% for studies abroad

Security for Bank of Maharashtra Education Loan Up to Rs. 4.00 lac - Clean Above Rs.4.00 lac to Rs.7.50 lac - Satisfactory third party Guarantee Above Rs. 7.50 lac - Value of collateral security after providing requisite margin as below should be equal to the quantum of finance plus 2 acceptable guarantor.

Bank Website for Bank of Maharashtra Education Loan For more information visit bank website: Education Loan

Bank of India

Bank of India Star Education Loan scheme

Eligibilty of Candidate for Bank of India Star Education Loan

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.

Course Eligibility for Bank of India Star Education Loan

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.

Quantum of Loan Maximum Amount Overseas : Rs 20 lakhs

Expenses covered under Bank of India Star Education Loan scheme

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. Insurance cover for the student. Any other expense required to complete the course - like study tours, project work, thesis, etc.

* As per brochure/ demand letter from the institution.

Margin for Bank of India Star Education Loan Upto Rs.4 lakh : Nil Above Rs.4 lakh - 15% Scholarship could be included in margin.Margin to be brought in on year to year basis as and when disbursements are made.

Bank Website for Bank of India Star Education Loan For more information visit bank website: Education Loan

Bank of Rajasthan

Bank of Rajasthan Education Loan scheme

Eligibilty of Candidate for Bank of Rajasthan Education Loan

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. Sanction of loan will be considered on the basis of academic record, net worth & income of family and scope for securing good / gainful employment. The student will have to submit all required documentary evidences including receipts, estimates etc. & progress / performance report to the Bank regularly till completion of the course. 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. Necessary Affidavit /

Undertaking to this effect to be obtained Course Eligibility for Bank of Rajasthan Education Loan

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.

Quantum of Loan Maximum Amount Overseas : Rs 20 lakhs

Expenses covered under Bank of Rajasthan Education Loan scheme

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.

Margin for Bank of Rajasthan Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin is 15% for abroad studies. (In special / deserving cases for studies abroad bank may consider lesser margin on selective basis at its sole discretion.) Margin may be brought-in, on year to year basis on pro-rata basis as per disbursements.

Security for Bank of Rajasthan Education Loan Loan upto Rs.4.00 lacs:No security Loan above Rs.4.00 lacs and upto Rs.7.50 lacs:Collateral Security in the form of third party guarantee to the satisfaction of bank. Loan above Rs.7.50 lacs:Collateral security equivalent to the loan amount comprising of any one or more of the following : NSCs, Govt. Securities, Bank Deposits and Mortgage of Immovable Property (supported with guarantee of the owner) in favour of the Bank and acceptable to the Bank. In case loan is allowed for computer, the same should also be hypothecated to the bank.

Bank Website for Bank of Rajasthan Education Loan For more information visit bank website: Education Loan

Canara Bank

Canara Bank Education Loan scheme

Eligibilty for Canara Bank Education Loan

Job oriented, technical / professional courses- (graduation / post graduation

Quantum of Loan Maximum Amount Overseas : Rs 20 lakhs

Expenses covered under Canara Bank Education Loan scheme Payment of course fees.Purchase of books, equipments, instruments, uniform, payment of hostel fees, examination fees, study tours, passage expenses

Margin for Canara Bank Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.

Security for Canara Bank Education Loan

Loan is given jointly to the student and parent /guardian. Assignment of future income of the student. Upto Rs.4.00 lacs- No security Above Rs.4.00 lacs upto Rs. 7.50 lacs Satisfactory third party guarantee. (Note: If the proposed borrower prefers to offer collateral security of tangible assets (moveable or immoveable) instead of bringing collateral securities in the form of third party guarantee, the same may be accepted, at his request, provided the securities with stipulated margin covers 100% of the loan amount). Above Rs. 7.50 lakhs: Collateral security equal to 100% of the loan amount.

Bank Website for Canara Bank Education Loan For more information visit bank website: Education Loan

Central Bank of India

Central Bank of India Education Loan scheme -- Cent Vidyarthi

Eligibilty of Candidate for Central Bank of India Education Loan Student should be an Indian National having secured admission to Professional / Technical courses through entrance test / selection process.

Quantum of Loan Maximum Amount for India : Rs 10 lakhs Maximum Amount Overseas : Rs 20 lakhs

Expenses covered under Central Bank of India Education Loan scheme For payment of Hostel fee caution deposit, refundable deposit, admission, examination, library, laboratory, cost of books, equipments, uniforms, computer (Hypothecated). One-way air passage in case of studies abroad. Reimbursement of admission fee books airfare etc., if already incurred, within 1 month for studies in India / 6 weeks for abroad.

Margin for Central Bank of India Education Loan

There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.(Scholarship may be included in margin.)

Security for Central Bank of India Education Loan Upto Rs.4 Lakhs: Co-obligation of parents/ guardian/ parent-in-law/spouse Above Rs. 4 lakhs and up to Rs.7.50 lakhs: Co-obligation of parents/ guardian/ parent-inlaw/spouse together with collateral security in the form of suitable third party guarantee. Above Rs.7.50 lakhs: Co-obligation of parents / guardian / parent-inlaw / spouse together with tangible collateral security of suitable value, along with the assignment of future income of the student for payment of installments.

Bank Website for Central Bank of India Education Loan For more information visit bank website: Education Loan

Go to List of banks

Catholic Syrian Bank

Catholic Syrian Bank Education Loan scheme --

Eligibilty of Candidate for Catholic Syrian Bank Education Loan Candidate must be a citizen of India

Quantum of Loan Maximum Amount Overseas : Rs 1500000

Expenses covered under Catholic Syrian Bank Education Loan scheme The education loan covers tuition fee, examination fee, expense of study tours, hostel charges, cost of books and refundable deposits. The travel expenses

and passage money are also included in the loan.

Margin for Catholic Syrian Bank Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.

Bank Website for Catholic Syrian Bank Education Loan For more information visit bank website: Education Loan

Vysya Bank

Vysya Bank Education Loan scheme

Eligibilty of Candidate for Vysya Bank Education Loan Student should be an Indian National and should have secured admission to professional / technical curses in India and abroad through Entrance Test/Merit based selection process Course Eligibility Vysya Bank Education Loan 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.

Quantum of Loan Maximum Amount for India : Rs 7.50 lakhs Maximum Amount Overseas : Rs 15.00 lakhs

Expenses covered under Vysya Bank Education Loan scheme * 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. Note:A certificate from the college/institute to the schedule of expenses for the course year wise to be submitted.

Margin for Vysya Bank Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.

Security for Vysya Bank Education Loan Up to Rs 4 lacs: No security Above Rs 4 lacs and up to Rs 7.5 lacs: Collateral in the form of a 'third party guarantee' having net worth of 100% of the loan amount Above Rs 7.5 lacs: Collateral security equivalent 100% of the loan amount and assignment of future income of the student for the payment of installment.

Bank Website for Vysya Bank Education Loan

For more information visit bank website: Education Loan

Vijaya Bank

Vijaya Bank Education Loan scheme

Eligibilty of Candidate Vijaya Bank Education Loan Student should be an Indian National and should have secured admission to the relevant Professional/ Technical courses in India or Abroad through Entrance Test/ Merit Based Selection process. However there is no age restriction for the applicant. Course Eligibility for Vijaya Bank Education Loan

Graduation: For job oriented professional / technical courses offered by the reputed university. Post graduation: MCA, MBA, MS, etc. Courses conducted by CIMA-London, CPA in USA, etc.

Pilot Training Programme offered by recognized institutions abroad approved by competent authority in that country. Example in USA the Federal Aviation Administration, Government of USA. The licences issued by such institutions should be convertible into corresponding Indian Licences in case the applicant desires to take up employment in India after completion of course/ training abroad, as per directives of Director General of Civil Aviation, Government of India.

Quantum of Loan Maximum Amount for India : Rs 10.00 lakh Maximum Amount Overseas : Rs 20.00 lakh

Expenses covered under Vijaya Bank Education Loan scheme

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. Issuance of DD favouring CET Cell Fee payable to the Institution/hostel/examination fee, cost of books, travel expenses for studies abroad, purchase of computer, etc.

Margin for Vijaya Bank Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the

margin is 5% and 15% for India and abroad respectively.

Security for Vijaya Bank Education Loan Upto Rs. 4 lakh -- No security Above Rs 4 lakh to Rs 7.50 lakh -- Suitable third party guarantee. Above Rs 7.5 lakh to 15..0 lakh --Tangible Collateral security of suitable value of loan or third party guarantee with assignment of future income of the student for payment of instalments Rs 15 lakh to Rs 20 lakh -- Tangible Collateral security for full value of loan and third party guarantee with assignment of future income of the student for payment of instalment

Bank Website for Vijaya Bank Education Loan For more information visit bank website: Education Loan

Dena Bank

Dena Bank Education Loan scheme -- Dena Vidhaya Laxmi

Eligibilty of Candidate for Dena Bank Education Loan Candidate should be an Indian national and have secured admission to a professional or technical course in an Indian or Foreign university. Simply walk in with the marksheet of the qualifying exam. and proof of admission Course Eligibility for Dena Bank Education Loan Graduation for professional/ technical courses offered by reputed universities; Post Graduation (MCA, MBA, MS).

Quantum of Loan Maximum Amount for India : Rs 10 lakh Maximum Amount Overseas : Rs 20 lakh

Expenses covered under Dena Bank Education Loan scheme

Fee payable to colleges/ schools/ hostels. Examination/Library/ Laboratory fees. 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.

Margin for Dena Bank Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.

Bank Website for Dena Bank Education Loan For more information visit bank website: Education Loan

Federal Bank Limited

Federal Bank Limited Education Loan scheme -- Federal Vidya Loan Scheme and Special Vidya Loan Scheme

Eligibilty of Candidate for Federal Bank Limited Education Loan Open for Indian Nationals who have secured admission to professional / technical courses through Entrance test / merit based selection process or have secured admission to foreign university / institutions (for studies abroad).

Course & Institution should have necessary approval / recognition. And the bank nearest to the residence of the borrower must be Federal Bank.

Quantum of Loan Maximum Amount for India : Rs 10 lakh Maximum Amount Overseas : Rs 20 lakh

Expenses covered under Federal Bank Limited Education Loan scheme Need based finance and subject to repaying capacity of the parents / students. Fee payable to college / school / hostel for tuition / examination / library / lab etc 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

Margin for Federal Bank Limited Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the

margin is 5% and 15% for India and abroad respectively.

Security for Federal Bank Limited Education Loan No security is needed Up to Rs 4 Lakhs. Third party guarantee acceptable to bank / collateral security for loans up to 7.50 Lakhs. Above Rs 7.50 Lakhs collateral security with required margin is required Single premium insurance policy on the life of the student to be taken covering the loan amount and period.

Bank Website for Federal Bank Limited Education Loan For more information visit bank website: Education Loan

HDFC

HDFC Education Loan scheme

Eligibilty of Candidate for HDFC Education Loan Candidates willing to apply for HDFC Bank education loan should be Indian Nationals. Applicants should be between 16-35 years of age. Collateral security is essential for loans above Rs. 7.5 lacs. A co-applicant is required if you are applying for full time courses. Course Eligibility for HDFC Education Loan The eligible courses for HDFC student loan are undergraduate and postgraduate courses in the fields of management, engineering, medicine, computer applications, fine arts and designing, hotel and hospitality, architecture and pure science. The other courses eligible for loans are distance learning programs, air hostess training courses, SAP, GNIIT and ERP. The institutes should be recognized by competent government body or even by AICTE.

Quantum of Loan Maximum Amount Overseas : Rs 20 lacs.

Expenses covered under HDFC Education Loan scheme The expenses covered by HDFC Bank education loan includes money to be paid as college and hostel charges, examination fees, library and laboratory fees, refundable deposit, caution deposit and other charges. The loan also covers travel expenses for studying abroad, essential articles required for completing the course and other educational costs.

Bank Website for HDFC Education Loan For more information visit bank website: Education Loan

Indian Overseas Bank

Indian Overseas Bank Education Loan scheme -- Vidya Joyti

Eligibilty of Candidate for Indian Overseas Bank Education Loan Should be an Indian National. Should have secured admission to professional/technical courses in India or abroad Loans will be made available only for Graduation and Post Graduation Courses offered by Reputed Universities and not for diplomas

Quantum of Loan Maximum Amount for India : Rs 10.00 lakh Maximum Amount Overseas : Rs 20.00 lakh

Margin for Indian Overseas Bank Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.

Security for Indian Overseas Bank Education Loan For loans upto Rs. 4.00 lakh --- Co obligation of parents . No security For loans above Rs. 4.00 lakh and up to Rs.7.50 lakh --- Co obligation of

parents together with collateral security in the form of suitable third party guarantee. For loans above Rs.7.50 lakh --- Co obligation of parents together with tangible collateral security .Collateral security in the form of NSC /KVP/ LIC Policy/ Gold/ Shares/Debentures or immovable properties Bank Deposits in the name of student/Parent/Guardian or any other third party with suitable margin. Wherever the land/ building is already mortgaged the unencumbered portion can be taken as security on second charge basis provided it covers the required loan amount. In case the loan is given for the purchase of computer , the computer has to be hypothecated to the bank.

Bank Website for Indian Overseas Bank Education Loan For more information visit bank website: Education Loan

Indian Bank

Indian Bank Education Loan scheme

Eligibilty of Candidate for Indian Bank Education Loan 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.

Quantum of Loan Maximum Amount for India : Rs 10.00 lakh Maximum Amount Overseas : Rs 20.00 lakh

Expenses covered under Indian Bank Education Loan scheme To meet the cost of education covering fee payable to college/school/hostel, exam fees, purchase of books/equipments, travel expenses /passage money for studies abroad, purchase of computers essential for completion of the course etc.

Margin for Indian Bank Education Loan

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

Security for Indian Bank Education Loan

For loans upto Rs. 4.00 lakh --- Co obligation of parents . No security For loans above Rs. 4.00 lakh and up to Rs.7.50 lakh --- Co obligation of parents together with collateral security in the form of suitable third party guarantee. For loans above Rs.7.50 lakh --- Co obligation of parents together with tangible collateral security of suitable value along with the assignment of future income of the student for payment of instalments.

Bank Website for Indian Bank Education Loan For more information visit bank website: Education Loan

IDBI Bank

IDBI Bank Education Loan scheme

Eligibilty of Candidate for IDBI Bank Education Loan Candidate should be an Indian National. Course Eligibility for IDBI Bank Education Loan 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.

Quantum of Loan Maximum Amount for India : Rs 10.00 lakh

Maximum Amount Overseas : Rs 20.00 lakh

Expenses covered under IDBI Bank Education Loan scheme

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

Margin for IDBI Bank Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.

Security for IDBI Bank Education Loan For loans upto Rs. 4.00 lakh --- Co obligation of parents . No security For loans above Rs. 4.00 lakh and up to Rs.7.50 lakh --- Co obligation of parents together with collateral security in the form of suitable third party guarantee. For loans above Rs.7.50 lakh --- Collateral security in the form of Land/ building, (The minimum value shall be 1.33 times the amount of loan sought).

Govt. securities/ Public Sector Bonds/ Units of UTI, NSC, KVP, LIC policy, gold, shares/ debentures, bank deposit in the name of parent/ guardian or in the name of the co-applicant (The minimum value shall be 1.1 times of the amount of loan sought).

Bank Website for IDBI Bank Education Loan For more information visit bank website: Education Loan

State Bank of Mysore

State Bank of Mysore Education Loan scheme -- Gnanamitra Education Loan

Course Eligibility for State Bank of Mysore Education Loan 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.

Quantum of Loan Maximum Amount for India : Rs 10.00 lacs Maximum Amount Overseas : Rs 20.00 lacs

Margin for State Bank of Mysore Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.

Security for State Bank of Mysore Education Loan For loans upto Rs. 4.00 lakh --- No security For loans above Rs. 4.00 lakh and up to Rs.7.50 lakh --- Co obligation of parents together with collateral security in the form of suitable third party guarantee. For loans above Rs.7.50 lakh --- Collateral security by way of immovable property or equal to the loan amount in the form of Government securities / NSCs / Units of UTI. Guarantee of parents / guardians (in the case of minors, the parent / guardian will execute the documents on behalf of the minor and also in his capacity as co-borrower) / third party guarantee where sufficient

collateral security is not available.

Bank Website for State Bank of Mysore Education Loan For more information visit bank website: Education Loan

Oriental Bank of Commerce

Oriental Bank of Commerce Education Loan scheme

Eligibilty of Candidate for Oriental Bank of Commerce Education Loan Indian nationals not above 45 years of age those who secured admission in a recognized course of an approved university (AICTE approved institutions) OR

institutes recognized by a statutory body.

Quantum of Loan Maximum Amount for India : Rs 10.00 lacs Maximum Amount Overseas : Rs 20.00 lacs

Margin for Oriental Bank of Commerce Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.

Security for Oriental Bank of Commerce Education Loan For loans upto Rs. 4.00 lakh --- Co obligation of parents is must. No security For loans above Rs. 4.00 lakh and up to Rs.7.50 lakh --- No Collateral Security required. Co-obligation of parents/guardian is must. One satisfactory third party quarantee. For loans above Rs.7.50 lakh --- Co-obligation of parents/guardian is obligatory.Mortgage of immovable property or any other tangible security like pledge of NSC/UTI/LIC (Surrender Value)/Bonds/ Banks deposits (Except under

tax saving scheme) etc. . having value at least equal to 100% of loan. Extension of charge on property already mortgaged with our Bank, subject to adequate residual value of security.

Bank Website for Oriental Bank of Commerce Education Loan For more information visit bank website: Education Loan

Punjab and Sind Bank

Punjab and Sind Bank Education Loan scheme

Eligibilty of Candidate for Punjab and Sind Bank Education Loan Student should be an Indian National. Secured admission to professional / technical courses in India or abroad

through entrance Test / Merit Based Selection process. Course Eligibility for Punjab and Sind Bank Education Loan Graduation: For job oriented professional/technical courses offered by reputed universities Post Graduation : MCA,MBA,MS etc. Courses conducted CIMA-London, CPA in USA etc. Diploma courses of reputed / recognized foreign Institutes/ Universities.

Quantum of Loan Maximum Amount for India : Rs 10.00 lacs Maximum Amount Overseas : Rs 20.00 lacs

Expenses covered under Punjab and Sind Bank Education Loan scheme Fees payable to college / School/ Hostel / purchase of books / equipment /uniforms/ / travel expenses / passage money for studies abroad/ any other expenses required to complete the course like study tours/ project work, thesis etc .

Margin for Punjab and Sind Bank Education Loan

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

Security for Punjab and Sind Bank Education Loan For loans upto Rs. 4.00 lakh --- No security For loans above Rs. 4.00 lakh and up to Rs.7.50 lakh --- Collateral Security required. One satisfactory third party quarantee. For loans above Rs.7.50 lakh --- Collateral and third party quarantee.

Bank Website for Punjab and Sind Bank Education Loan For more information visit bank website: Education Loan

Punjab National Bank

Punjab National Bank Education Loan scheme -- Vidya Lakshya Purti

Eligibilty of Candidate for Punjab National Bank Education Loan Student should be an Indian National. Secured admission to Professional / Technical courses in India or abroad through Entrance Test / Merit based Selection process. Course Eligibility for Punjab National Bank Education Loan Graduation- for job oriented professional/technical courses offered by reputed universities abroad. Post Graduation cources- MCA, MBA, MS, etc. offered by reputed universities abroad. Courses conducted by CIMA- London, CPA in USA etc.

Quantum of Loan Maximum Amount for India : Rs 10.00 lacs Maximum Amount Overseas : Rs 20.00 lacs

Expenses covered under Punjab National Bank Education Loan scheme

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 tution fee for entire course. Travel Expenses / Passage money for studies abroad. Purchase of computers - essential for completion of the Course. Insurance premium for student borrower. Boarding and lodging expenses in recognised Boarding Houses / private accomondations Any other expense required to complete the course - like study tours, project work, thesis etc.

Margin for Punjab National Bank Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.

Security for Punjab National Bank Education Loan For loans upto Rs. 4.00 lakh --- Co obligation of parents is must. No security For loans above Rs. 4.00 lakh and up to Rs.7.50 lakh --- Co-Obligation of Parents together with collateral security in the form of suitable 3rd party guarantee acceptable to the Bank. For loans above Rs.7.50 lakh ---Co-Obligation of Parents. Collateral Security of suitable value along with Assignment of future income of the student for payment of installments.

The security can be in the form of land / building / Govt. Securities / Public Sector Bonds / Units of UTI, NSC, KVP, LIC Policy, Gold, Shares/ Mutual Funds/ Debentures, Bank Deposit in the name of the student parent / guardian or any other third party with suitable Margin. The document should be executed by both the student and the parent/guardian.

Bank Website for Punjab National Bank Education Loan For more information visit bank website: Education Loan

Karnataka Bank

Karnataka Bank Education Loan scheme -- KBLVIDYANIDHI

Eligibilty of Candidate for Karnataka Bank Education Loan 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. Course Eligibility Only for job oriented professional / technical courses offered by the reputed

Universities; Post Graduation - MCA, MBA, MS; Courses conducted by CIMALondon, CPA in USA etc.

Quantum of Loan for Karnataka Bank Education Loan Maximum Amount for India : Rs 10.00 lakh Maximum Amount Overseas : Rs 20.00 lakh

Expenses covered under Karnataka Bank Education Loan scheme 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.

Margin for Karnataka Bank Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the

margin is 5% and 15% for India and abroad respectively.

Security for Karnataka Bank Education Loan Up to Rs.4 lakh: No security. Above Rs.4 lakh and upto Rs.7.50 lakh: Collateral in the form of a suitable third party guarantee. Above Rs.7.50 lakh: Collateral security of suitable value or suitable third party guarantee along with the assignment of future income of the student for payment of instalments.

Bank Website for Karnataka Bank Education Loan For more information visit bank website: Education Loan

State Bank of Hyderabad

State Bank of Hyderabad Education Loan scheme

Eligibilty of Candidate for State Bank of Hyderabad Education Loan Student Should be an Indian National. Secured admission to professional/ technical courses through Entrance Test / Selection process. Secured admission to foreign University / Institution.

Quantum of Loan Maximum Amount for India : Rs 10.00 lacs Maximum Amount Overseas : Rs 20.00 lacs

Margin for State Bank of Hyderabad Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the

margin is 5% and 15% for India and abroad respectively.

Security for State Bank of Hyderabad Education Loan Upto Rs. 4.00 Lacs - No Security (Co-obligation of parent / guardian is compulsory). Above Rs.4.00 Lacs and upto Rs.7.50 Lacs: Collateral in the form of a suitable third party guarantee. Above Rs.7.50 Lacs: - Collateral security of suitable value or Co-obligation of parents / Guardians / third party guarantee along with the assignment of future income of the student for payment of installments.

Bank Website for State Bank of Hyderabad Education Loan For more information visit bank website: Education Loan

State Bank of India

State Bank of India Education Loan scheme -- SBI Student Loan Scheme

Eligibilty for State Bank of India Education Loan Graduation/ Post-graduation for job oriented professional/ technical courses offered by reputed universities

Quantum of Loan Maximum Amount for India : Rs 10.00 lacs Maximum Amount Overseas : Rs 20.00 lacs

Expenses covered under State Bank of India Education Loan scheme Fees payable to college/school/hostel Examination/Library/Laboratory fees Purchase of Books/Equipment/Instruments/Uniforms Caution Deposit/Building Fund/Refundable Deposit (maximum 10% tution fees for the entire course)

Travel Expenses/Passage money for studies abroad Purchase of computers considered necessary for completion of course Cost of a Two-wheeler upto Rs. 50,000/Any other expenses required to complete the course like study tours, project work etc.

Margin for State Bank of India Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.

Security for State Bank of India Education Loan Upto Rs. 4 lacs -- No Security Above Rs. 4 lacs to Rs. 7.50 lacs -- Collateral security in the form of suitable third party guarantee. The bank may, at its discretion, in exceptional cases, weive third party guarantee if satisfied with the net-worth/means of parent/s who would be executing the documents as "joint borrower". Above Rs. 7.50 lacs -- Tangible collateral security of suitable value, along with the assignment of future income of the student for payment of installments.

Bank Website for State Bank of India Education Loan For more information visit bank website: Education Loan

Syndicate Bank

Syndicate Bank Education Loan scheme -- SyndVidya

Eligibilty of Candidate for Syndicate Bank Education Loan Any student who is a major representing himself or a minor student represented by parent or guardian of Indian nationality. Must have secured admission on the basis of merit to professional/ technical/other courses through entrance test/selection process. Deviation/relaxation is also permitted under special circumstances. Must have secured admission to Foreign universities/Institution (for studies abroad). Course Eligibility for Syndicate Bank Education Loan 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. Other Foreign Diploma courses are not eligible.

Quantum of Loan Maximum Amount for India : Rs 10.00 lacs Maximum Amount Overseas : Rs 20.00 lacs

Expenses covered under Syndicate Bank Education Loan scheme Need based finance to meet expenses such as fee payable to college / school / hostel, examination fee, cost of books, travel / passage fare for studies abroad etc. Capitation fee / donation / external coaching fee are not eligible for finance.

Margin for Syndicate Bank Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.

Security for Syndicate Bank Education Loan For loans upto Rs.4.00 lac - NIL. For loans above Rs.4.00 lac and upto Rs.7.50 lac - Collateral in the form of satisfactory third party guarantee acceptable to the Bank. For loans above Rs.7.50 lac - Collateral security with 25% margin covering the loan amount and assignment of future income of the student for payment of loan instalments.

Bank Website for Syndicate Bank Education Loan For more information visit bank website: Education Loan

United Bank of India

United Bank of India Education Loan scheme

Eligibilty of Candidate United Bank of India Education Loan Student should be an Indian National. Course Eligibility for United Bank of India Education Loan 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.

Quantum of Loan Maximum Amount for India : Rs 10.00 lacs Maximum Amount Overseas : Rs 20.00 lacs

Expenses covered under United Bank of India Education Loan scheme 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.

Margin for United Bank of India Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.

Security for United Bank of India Education Loan Upto Rs. 4.00 Lacs : Nil Above Rs. 4.00 Lacs and upto Rs. 7.50 lakh: Collateral in the form of a suitable third party guarantee. Above Rs. 7.50 lacs: Collateral of suitable value or suitable third party guarantee.

Bank Website for United Bank of India Education Loan

For more information visit bank website: Education Loan

UCO Bank

UCO Bank Education Loan scheme

Eligibilty of Candidate for UCO Bank Education Loan Applicant must have secured admission to professional/technical course through Entrance Test/Selection Process. Secured admission to foreign University / Institution. No maximum or minimum income is prescribed for parents/family. Course Eligibility for UCO Bank Education Loan 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.

Quantum of Loan Maximum Amount for India : Rs 10.00 lakh Maximum Amount Overseas : Rs 20.00 lakh

Expenses covered under UCO Bank Education Loan scheme Course Fees Hostel/Boarding Fees including caution deposit/building fund etc. Books, Stationery & Equipment required for the course, including Computers. Examination/Library/Laboratory fees. Travel Expenses/Passage for studies abroad.

Margin for UCO Bank Education Loan There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin is 5% and 15% for India and abroad respectively.

Security for UCO Bank Education Loan Upto Rs.4.00 lacs No security Above Rs.4.00 lacs Collateral securities by way of suitable 3rd party guarantee or tangible security equivalent to loan amount.

Bank Website for UCO Bank Education Loan For more information visit bank website: Education Loan