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.

Oriental Education Loan 2013

Oriental Education Loan 2013

Oriental Bank of Commerce Oriental Education Loan 2013

Oriental Education Loan to provide financial support to meritorious students for pursuing higher studies in India & abroad with affordable terms & conditions.

Oriental Education Loan for Diploma, Degree courses conducted by Colleges/ Universities/ Educational Institutions approved by UGC / Central or State Governments/ AICTE/AIBMS/ICMR or other regulatory bodies.

* Education Loan for Higher Studies in India or Abroad

* Special concession of 0.50% to female/SC/ST/Disable students

* Collateral free loan for students of ISBs, IIMs, IITs and XLRI at concessional rate of interest

* Loan available for vocational education and training courses

* Loan available for working executives

* Simple interest during study period

* Longer repayment period


For more information contact nearest branch of Oriental Bank of Commerce or toll free no 1800-180-1235 or 0124-2340940

For online loan application visit : https://www.obcindia.co.in/

Avanse Education Loans by DHFL

Avanse Education Loans by DHFL

Avanse is a new age education finance company. Avanse is Associate Company of Dewan Housing Finance Ltd-DHFL

Avanse is focused towards providing education loans for higher studies. Along with dominant courses like engineering, business and management, Avanse will also provide students the opportunity to explore new age courses like Aquaculture, Photo Journalism, courses in Music & Culture and many more. The company aims to provide education loans to nearly 19.8mn Indian students who at any given time require education finance to pursue higher studies in India and overseas.

Avanse Education Loans covers complete cost of education including living and other expenses. The company offers educational loans with minimum loan value being Rs 50,000/- up to the maximum value required and offers flexible repayment plans with repayment tenure up to 10 years (120 months).

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

Syndicate Bank SyndVidya Educational Loan

Syndicate Bank SyndVidya Educational Loan

SyndVidya Educational Loan scheme covers the entire spectrum of educational needs from the school education to super speciality courses including overseas courses. The scheme makes available need based finance to cover expenses related to education such as fees payable to College, Hostel, Examination, Library, Laboratory fees, caution deposit/building fund/refundable deposit upto 10% of tuition fee, Cost of Books, Equipments, Travel expenses for studies abroad etc.

Maximum Loan of Rs. 10.00 lakh for studying in India and Rs. 20.00 lakh for studying abroad.

Eligibility :
* Any student who is a major representing himself or a minor student represented by parent or guardian of Indian nationality.

* Must have secured admission on the basis of merit to professional/ technical/other courses through entrance test/selection process. Deviation/relaxation is also permitted under special circumstances.

* Must have secured admission to Foreign universities/Institution (for studies abroad).

For more information visit : http://syndicatebank.in/

IOB Vidya Jyoti Education Loan

IOB Vidya Jyoti Education Loan

Indian Overseas Bank Vidya Jyoti Education Loan

Indian Overseas Bank Vidya Jyoti Education Loan is made available for Graduation/Post graduation/Diploma/Computer education in any recognized State/Central Government/University, professional courses including Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, courses like ICWA, CA, CFA, etc., courses conducted by IIM, IISC, XLRI, NIFT etc, courses offered in India by reputed foreign universities/Evening courses of approved institutes, regular degree/ diploma courses like Aeronautical , Pilot training , shipping etc approved by Director General of Civil Aviation/ shipping if the course is pursued in India. Incase the course is pursued abroad, the institute should be recognized by the competent local aviation/ shipping authority. For studies abroad, loans will be made available only for Graduation and Post Graduation Courses offered by Reputed Universities and not for diplomas

Maximum Loan of Rs. 15.00 lakh for studying in India and Rs. 25.00 lakh for studying abroad.

To apply download the application from Indian Overseas Bank website print it out and send it to the nearest/convenient I.O.B. branch for processing

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

HDFC Bank Student Loan for Foreign Education

HDFC Bank Student Loan for Foreign Education

HDFC Bank Student Loan/Education Loan for Foreign Education

Features :

* Get a loan for upto Rs. 20 lakh for your foreign education

* No collateral required for your loan if the amount is less than Rs. 7.5 lakh

* Study from a wide range of approved courses and institutions of your choice

* Repayments will start only after 1 year of course completion or 6 months after you get a job (whichever is earlier)

* Avail for a tax rebate on the interest you pay on an education loan under Section 80-E of the Income Tax Act 1961

* HDFC Bank have a list of approved institutions and courses like MBA, Engineering, Medicine, Architecture, Pure Sciences, IT and much more.

* Be eligible for some of HDFC Bank exclusive offers on other Banking Products and Services like a NRE Savings account, Special rates on Telegraphic Transfers and Demand Drafts, Student Travel Card and more.

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

State Bank of Mysore Gnanamitra Educational Loan

State Bank of Mysore Gnanamitra Educational Loan

State Bank of Mysore Gnanamitra Educational Loan to enable students with academic brilliance to meet tuition and other fees / maintenance costs / books and equipment and cost of passage for studies abroad etc., for pursuing studies at recognised school / college / institution.

Eligible Courses : Diploma / Graduate / Post-graduate courses in the faculties of Engineering, Technology, Architecture, Medicine, Dental Science, Agricultural Science, Veterinary Science and Computer Certificate courses of reputed institutes accredited to department of electronics or affiliated to university.

State Bank of Mysore also provide Second Educational Loan to enable the students for taking higher education, provided the student secures 60% marks in existing course. The second loan is to be availed only from the branch where the first educational loan has been sanctioned.

To avail State Bank of Mysore Gnanamitra Educational Loan contact your nearest Branch of State Bank of Mysore

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

Bank of Baroda Education Loans 2012-2013

Bank of Baroda Education Loans 2012-2013

Bank of Baroda offering education loans for nursery to higher education

Various education loan schemes of Bank of Baroda :

* Baroda Vidya Education Loan

Bank of Baroda presents a one of its kind finance option for parents of students pursuing school education. These loans are available for studies from Nursery to Senior Secondary School.

* Baroda Gyan Education Loan

A loan product specially designed for students pursuing Graduation, Post - Graduation, Professional & Other courses in India. Bank of Baroda extends a helping hand to energize your studies and promote education of the youth.

* Baroda Scholar

Bank of Baroda presents financial assistance to students going abroad for Professional / Technical studies. The loan offering is designed to empower you with the financial capability to realise your dreams... Achieve your goals... Reach out to the maximum limits...

* Baroda Education Loan for Vocational Education & Training

* Central Scheme of Interest Subsidy for Education Loans

1% concession in rate of interest to loans for girl students

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

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 : http://www.ingvysyabank.com/

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/

Allahabad Bank Education Loan

Allahabad Bank Education Loan

Allahabad Bank Education Loan Scheme for studies in India and study abroad

* Studies in India: Maximum Rs. 10.00 lac
* Studies abroad: Maximum Rs. 20.00 lac.

Eligibility :
Indian National who has secured admission to professional/ technical courses in recognized institutions in India or Abroad through Entrance Test/ Merit Based Selection Process after completion of H.S.C. (10 plus 2 OR equivalent).

Courses eligible for study in India:
Approved courses leading to Graduate/ Posy-Graduate degree and P.G. Diplomas conducted by recognized Colleges/ Universities recognized by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc.

Courses like ICWA, CA, CFA etc.

Courses conducted by IIMs, IITs/ IISc, XLRI, NIFT, NID etc.

Regular Degree/ Diploma Courses like Aeronautical, Pilot Training, Shipping etc. approved by Director General of Civil Aviation/ Shipping, if the course is pursued in India.

Approved courses offered in India by reputed Foreign Universities.

Courses eligible for Study 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.

Regular Degree/ Diploma courses like Aeronautical, pilot training, shipping etc., the Institute duly recognized by the Competent University/ State Body/ Local Aviation/ Shipping Authority.

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