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


  For higher education (after schooling)

Expenses covered
Admission fee/Monthly fee/Examination fee, Books, Stationery & equipments.
Air fare for joining the course abroad, Boarding & lodging expenses of hostel/boarding houses, where charges are standardised and paid to the Management of the Boarding House.
Any other expenses required to complete the course like study tours, project work, thesis etc.

  Indian nationals not above 45 years of age those who secured admission in a recognized course of an approved university(AICTE approved institutions).

Amount of Loan
Education in India - Max. Rs.7.50 lacs.
Education Abroad - Max. Rs.15.00 lacs.


For Loans upto Rs.4.00 lac
  No Collateral Security required, Co-obligation of parents /guardian (No need of co-obligation if the student is a major)
Above Rs.4.00 lac
  Co-obligation of parents/guardian is obligatory. However, if financial worth of the parents is not adequate, third person's guarantee acceptable to the Bank.

Collateral security
  Mortgage of immovable property or any other tangible security like pledge of NSCs/UTI/LIC (Surrender Value)/Bonds etc. having value at least equal to 100% of loan.

Upto 4 lacs - NIL
Above 4 lacs for education in India - 5%
Education Abroad - 15%

Rate of Interest
Upto 4 lacs - At PLR (-) 0.5% i.e 10.50%
Above 4 lacs - At PLR (-) 1% i.e 10%

Concession on Rate of Interest
  Simple Interest shall be charged during moratorium period. The concession of 1% in rate of interest to be allowed, if interest is serviced regularly during the study period.

  Within 84 EMIs commencing 12 months after course or 6 months after getting the job, whichever is earlier.

Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.

Head Office
Harsha Bhavan, E Block, Connaught Place
New Delhi - 110 001
Gen: 011-3321121/1691/3244/5508, Fax: 011-3321514/3713237


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