all about medical
 Date : 6/17/2018 
 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



A. Course Eligibility
Students of +2 Stage
Graduation courses - B.A., B.Com., B.Sc. etc.
Post-Graduation courses, Masters in Ph.D
  Professional courses, Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
  Computer Certificate Courses of reputed Institutes accredited to Department of Electronics or Institutes affiliated to University
  Courses like ICWA, C.A., CFA etc., courses conducted by IIM, IIT, NIFT etc.
  Evening courses of reputed Institutes, Diploma / Degree courses conducted by Colleges, Universities approved by UGC / Government / AICTE etc.
  Courses offered by National Institutes and other reputed Private Institutes, in order to meet the Cost of their studies in India and abroad.
B. Student eligibility
Should be an Indian National.
  Secured admission to Professional / Technical courses through Entrance Test / Selection process.
Secured admission to foreign University / Institutions.
  Student should have secured pass marks in the qualifying Examination for admission to Graduation Courses.


Expenses considered for Loan
Fee payable to College / School / Hostel
Examination / Library / Laboratory fee.
Purchase of books / equipments / instruments / uniforms.Secured admission to foreign University / Institutions.
Caution Deposit / Building Fund / Refundable Deposit supported by Institution Bills / Receipts.
Travel Expenses / Passage money for studies abroad.
Purchase of computers - essential for completion of the Course.
Any other expense required to complete the course - like study tours, project work, thesis, etc.

Quantum of Finance
  Need based finance, subject to repaying capacity of the parents / students with margin and the following ceilings :-
For studies in India: Maximum Rs.7.50 lacs.
For studies abroad: Maximum Rs.15.00 lacs.

 Upto Rs.4.00 lacs: - Nil.
Above Rs.4.00 lacs: Studies in India 5%
                            :Studies Abroad 15%

Upto Rs.4.00 lacs: No Security.
Above Rs.4.00 lacs: Collateral Security of Suitable value (equivalent to 100% of the amount of loan) / co-obligation of parents / guardian / third party.
Assignment of future income of the student for repayment of loan shall be taken in addition to the above.
The security can be in the form of land / building / Govt. Securities / Public Sector Bonds / Units of UTI, NSC, KVP, LIC Policy, Gold, Shares / Debentures, Bank Deposit in the name of the student parent / guardian or any other third party with suitable Margin.

Upto Rs. 4 lacs PTLR
Above Rs.4 lacs PTLR + 1%
The interest shall be debited monthly on simple basis during the Repayment holiday / Moratorium period.
Penal Interest @2% be charged for above Rs.2.00 lacs for the overdue amount and overdue period.

Repayment Holiday
Coursee period + 1 year OR 6 months after getting job, whichever is earlier.

Principal and interest to be repaid in 5-7 years after commencement of repayment. Ifthr student is not able to complete the course within the schduled time, extension of time for completion of course may be permitted for a maximum period of 2 years.
1% concession can be permitted in interest to loanees if the interest is serviced by them during the study period and the repayment holiday specified for interest / repayment under the Scheme.

Upfront Fee

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
7, Bhikhaiji Cama Place, Africa Avenue
New Delhi - 110 066
Gen: 011-6102303, Fax: 011-6173603/6196514


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