Friday, October 12, 2012

ING VYSYA Bank Education Loan Scheme

ING VYSYA Bank Education Loan Scheme

ING VYSYA Bank Educational Loan provides financial support to deserving/meritorious students to pursue higher education in India and abroad.

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.

Courses Eligible :

Studies in India : (Indicative list)

* Graduation courses: BA, B.Com, B.Sc., etc.
* Post Graduation courses: Masters and 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 etc.
* Courses conducted by IIM, IIT, IISc, XLRI. NIFT etc.
* Courses offered in India by reputed foreign universities.
* Evening courses of approved institutes.
* Other courses leading to diploma/ degree etc. conducted by colleges/ universities approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc.
* Courses offered by National Institutes and other reputed private institutions depending upon future prospects /recognition .

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.

Loan Amount :

* Studies in India - Maximum Rs.7.50 lakhs
* Studies abroad - Maximum Rs.15.00 lakhs

Repayment Holiday / Moratorium : Course period + 1 year or 6 months after getting a job whichever is earlier. Interest has to be serviced during the course period. The loan to be repaid in 5-7 years after commencement of repayment.

For more information visit :


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