all about medical
 Date : 5/27/2018 
 Bank Loan
 Allahabad Bank
 Andhra Bank
 Bank of Baroda
 Bank of India
 Bank of Maharashtra
 Bank of Rajasthan
 Canara Bank
 Catholic Syrian Bank
 Central Bank of India
 Corporation Bank
 Dena Bank
 Dev. Credit Bank
 Federal Bank
 IDBI Bank
 Indian Bank
 The J & K Bank
 Karnataka Bank
 Lakshmi Vilas Bank
 Lord Krishna Bank
 Nedungadi Bank
 Punjab National Bank
 Punjab & Sind Bank
 State Bank of
         Bikaner & Jaipur
 State Bank of
 State Bank of India
 State Bank of Indore
 State Bank of
 State Bank of    
 State Bank of
 Syndicate Bank
 UCO Bank
 United Bank of India
 United Western Bank
 Vijaya Bank
 Vysya Bank


The Scheme
The scheme is put into action with a view to make available financial assistance to the needy and deserving students of excellent 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.

The applicant must be an Indian citizen willing to enrol himself/herself in one of the following courses the teaching of which is imparted in an educational institution recognised by the government, or a . university in India or aborad.

Approved courses

 Academic courses such as Diploma, undergraduate/ postgraduate courses in Arts, Science and Commerce etc.

Category-B :

Professional courses such as Diploma, undergraduate/ postgraduate courses in Engineering, Medicine, Dental Science, Agricultural Science, Veterinary Science, Computer Science, Nursing, Pharmacy, Business Administration, Law etc.

Type of Loan
Term loan. In order to facilitate flexibility in operation, future debits on account of recurring expenses in each semester/year can be made to this account.

Nil for courses in India and 10% for study abroad.

Loan amount

 For study in India: 0.50 lakh to 5.00 lakhs.
 For study abroad: 2.00 lakhs to 10.00 lakhs.

Rate of Interest
Upto Rs. 2 lakhs: PLR + IT. Above Rs. 2 lakhs. Upto and including Rs. 5 lakhs: PLR + 1 + IT. Above Rs. 5 lakhs and upto and including Rs. 10 lakhs: PLR + 2 + IT.

Within one year after the completion of the course, or after the student gets a job, whichever is earlier.

Maximum period for the course completion:
6 years

Maximum period for repayment after the course is completed: 5 years. Therefore, maximum period for which the loan is granted is 11 years and the minimum period is 3 years.



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