Oriental Education Loan 2014

Oriental Education Loan 2014

Oriental Bank of Commerce Education Loan Scheme 2014

For Students, Professionals and Vocational Skill trainees

Rate of Interest : 10.25% p.a and nil margin for students of IIMs, IITs, XLRI and ISB

Special scheme for students of MDI gurgaon, IMTs, ICFAI, S P Jain and AMITY Group

Highlights:

* 1% concession in ROI for regular servicing of interest (on monthly basis) during moratorium period (study+grace period)

* 0.50% concession in rate of interest for Girl Student/ SC/ ST and Disabled

* Special scheme for working professionals and vocational training course


Call Toll Free : 1800-180-1235

For more information visit : https://www.obcindia.co.in/

Shreyas Gramin Bank Education Loan

Shreyas Gramin Bank Education Loan

Shreyas Gramin Bank ( CANARA Bank Sponsored ) Education Loan for payment of course fees.Purchase of books, equipments, instruments, uniform, payment of hostel fees, examination fees, study tours, passage expenses (for studies abroad) Studies in India and Abroad.

Eligibile Courses :
Graduation, Post-graduation including technical / professional courses with employment potential conducted by colleges / Universities approved by UGC / Govt./AICTE/Department of Electronics / IMC, autonomous institutions like IIT,IIM etc.


Education Need based finance
For studies in India : Max. Rs.10.00 lacs
For studies abroad : Max. Rs.20.00 lacs

Repayment commences two years after completion of the course or six months after getting employment, whichever is earlier.

Loan with interest is repayable in equated monthly installments within 5 to 7 years.

For more information visit : http://www.shreyasgraminbank.in/

Indian Education Loan Simplified Information

Indian Education Loan Simplified Information

Indian banks provide education loans to students who are Indian nationals and are pursuing approved graduate, post-graduate and professional courses in the country and abroad. The repayment starts after a year of course completion or six months after the student gets a job, whichever is earlier.

Banks provide education loans to pursue academic and job-oriented courses approved by them. They cover the tuition fee, hostel expenses, books and useful equipment, travel for overseas courses and other expenses essential to completing the course.

The maximum amount of the loan ranges from Rs 10 lakh for Indian courses to Rs 20 lakh for studies abroad. Banks may consider a higher loan depending on the course. Margins are required for loans more than Rs 4 lakh.

While no margin is required for loans up to Rs 4 lakh, a 5% margin is applicable for amounts more than Rs 4 lakh for studies in India, and 15% in case the studies are pursued in a foreign country.

For loans up to Rs 4 lakh, no collateral is required, while for those between Rs 4 lakh and Rs 7.5 lakh, a third-party guarantee for 100% of the value of loan is needed. In case the loan value is above Rs 7.5 lakh, a suitable collateral security would be required.

Repayment commences one year after the course ends or six months after the candidate gets a job, whichever is earlier. The EMIs are calculated with a tenure not exceeding 10 years for loans up to Rs 7.5 lakh, and 15 years for higher amounts.

The entire interest paid on the education loan is tax-deductible under Section 80E. The deduction for interest payment is available for eight consecutive years, the first year being the year in which the repayment starts.

HSBC India Student Education Loan Information

HSBC India Student Education Loan Information

HSBC India Student Education Loan Program can help ease students' financial concerns as they embark on one of the biggest decisions in their life – attending the college / university of their dreams. The program enables you to borrow funds to cover the cost of education – tuition, fees, room charges, boarding, books, and other education-related expenses.

HSBC, in affiliation with Global Student Loan Corporation® (GSLC) has designed a student education loan program to provide funding for students who are seeking to attain a world-class education at a U.S college or university.

* Loans upto Rs. 1 crore* against Residential property

* Tenor of upto 15 years Tenor of upto 15 years

* Attractive interest rates Attractive interest rates

For more information visit : http://www.hsbc.co.in/

EDUCATION LOAN MELA by GeeBee Education 2012

EDUCATION LOAN MELA by GeeBee Education 2012

GeeBee Education has organised an Education Loan Mela for studies abroad on Saturday 2nd June 2012, from 10:00 a.m to 5:30 pm

The venue for education loan mela :
Yogi Hall, Ground Floor,Neay Swaminarayan Temple,Opp Dadar Railway Station ,Dadar East ,Mumbai

This is a great opportunity for students to meet several leading Banks under one roof. Parents are also invited. Free Entry for all. Prior Registration is compulsory.

Students will be given Free Counselling on Higher Studies in USA, UK, Australia, New Zealand, Canada, Singapore, Dubai & Switzerland. Indian Banks provide Educational Loan for Diplomas, Bachelors and Masters degree programs for all subject areas including Business, Engineering, Hotel Management, Architecture, Biotechnology, Arts, Design, Science, etc. Most Indian Banks can provide Educational Loan upto Rs. 20 Lakhs for Studies Abroad at concessional Interest rates.

Attend education loan mela with copies of available academic and financial documents for on-the-spot assessment. Participating Banks will sanction Education Loan within 3 to 10 days to eligible students. Most of the consulates accept Bank Loan as a means of funding the Higher Education Abroad.

For free registration call GeeBee education : Churchgate-43222333 / Andheri-26287727 / Borivali-28954545/ Thane-25388844 / Vashi-27897040

For more information visit : http://www.geebeeworld.com/

SBI Education Loans Cheaper by 1 Percent

SBI Education Loans Cheaper by 1 Percent

State Bank of India (SBI) plans to cut interest rates on education loans by up to 100 basis points-1% from Monday 20-02-2012.

Accordingly, for a loan of Rs 4 lakh, interest rate will be down by 25 bps to 11.75 per cent; for loans in the Rs 4-7.5 lakh range, the rate is down 100 bps to 12.50 per cent, while for loans above Rs 7.5 lakh, the rate is lower by 25 bps to 12.25 per cent.

State Bank of India-SBI is also offering a concession of 50 bps on interest rates for loans given to female students.

The government plans to have a central fund into which all banks will contribute from their earnings out of education loans. This fund will, in turn, provide guarantees to education loans. SBI's outstanding education loan portfolio grew 14% to Rs 12,402 crore from Rs 10,883 crore.

For more information visit : http://www.statebankofindia.com/

SBI Student Educational Loan

SBI Student Educational Loan

* Maximum loan of Rs.10 lacs for studies in India
* Maximum loan of Rs.20 lacs for studies abroad
* No processing fee
* Simple interest during moratorium/repayment holiday
* 1% interest rate concession for servicing interest during moratorium/repayment
* Repayment up to 7 years
* Repayment starts 1 year after completion of course or 6 months after getting job
* No security for loan upto Rs.4lacs and only parent/guardian as co-borrower
* No margin for loans upto Rs.4lacs
* Loans above Rs.4lacs,5% margin for studies in India and 15% for studies abroad
* Online registration of loan application

For more information contact-:
Helpline- 1800 11 22 11 or 080 26599990
Email- contactcenter@sbi.co.in
http://sbi.co.in/