Education Loans for study abroad/Education Loan for Study in India
We help students to get education loan for education in India and for study
abroad. On this page we provide the list of banks in India
offering education loan with their terms and conditions.
- Loan up to 100% of educational expenses. No margin money required.
- Multi-city collateral security and co-borrower accepted.
- Loan amount over Rs.20 lakhs also available
- Web enabled billing & servicing
Getting the education loan can be a very hectic and troublesome
process without proper guidance. To avoid all difficulties please go to
Contact Us
page or send us an email at
geniusabroad@gmail.com. Send us your phone number or
email address and one of our team memeber will contact you at earliest to guide
you through the process of getting education loan.
Education Loan for study abroad
Thousands of Indian students dream of studying abroad in the world highly ranked
universities. One of the most prominent hurdle in doing so is huge tuition fee in
foreign universities and colleges. Students in India can overcome this hurdle by
applying for the education loans in the Indian banks. Indian banks offer education
loans for studying abroad which include travel, tuition fee and other related expenses
on easy terms.
Education Loan for study in India
Money should not be hurdle to fulfill your dreams of getting quality education.
With so many students applying for entrance exams, not all students get admission
in free colleges. Fees in private colleges are very high but with education loan
available from so many bank in India, solves the money problem to get admission
in good colleges.
Please note: The information below is accumulated from different kind of sources.
There is no liability for any inaccuracy of information or changes/updation in the
terms of Banks. GeniusAbroad.com is not responsible if any information below changes
or become incorrect in future. Please check with respective banks for updated information.
Click on the bank links for most up to date information.
|
Andhra Bank
|
|
|
|
Andhra Bank Education Loan scheme -- Dr. Pattabhi Vidhya Joyti
|
|
|
Eligibilty of Candidate for Andhra Bank Education Loan
Studies in India-Candidates should be within 12-30 years of age.
Studies Abroad-Candidates applying for Dr. Pattabhi Vidya Jyothi education loan
should be within 18-35 years of age
|
|
|
Quantum of Loan for Andhra Bank Education Loan
Maximum Amount for India : Rs 10 lakhs
Maximum Amount Overseas : Rs 20 lakhs
|
|
|
Expenses covered under Andhra Bank Education Loan scheme
Andhra Bank education loan covers tuition fee, examination fee, expense of study
tours, hostel charges, cost of books and refundable deposits. The travel expenses
and passage money are also included in the loan.
|
|
|
Margin for Andhra Bank Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Security for Andhra Bank Education Loan
Parents need to act as guarantor for Andhra Bank education loan amount up to Rs.
4 lacs. For loans up to Rs.7.50 lacs, guarantee of the parents is essential. Both
collateral security and guarantee by parent are required for education loans above
Rs. 7.50 lacs.
|
|
|
Bank Website for Andhra Bank Educaion Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Allahabad Bank
|
|
|
|
Allahabad Bank Education Loan scheme
|
|
|
Eligibilty of Candidate for Allahabad Bank Education Loan
Student be an Indian National.
Secured admission to professional/ technical courses in India or Abroad through
Entrance Test/ Merit based Selection process.
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.
- Regular Degree/ Diploma courses like Aeronautical, pilot training, shipping etc.,
the Institute should be recognised by the competent local aviation/ shipping authority.
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10 lakhs
Maximum Amount Overseas : Rs 20 lakhs
|
|
|
Expenses covered under Allahabad Bank Education Loan
- Fee payable to College / School /Hostel
- Examination/Library/Laboratory Fee
- Purchase of Books / Equipments/ Instruments/ Uniforms.
- Caution Deposit/ Building Fund/ Refundable Deposit supported by Bills/Receipts of
the Institution, subject to the conditions that amount does not exceed 10% of the
total tuition fees for the entire course.
- Travel Expenses/Passage Money for studies abroad.
- Purchase of Computers essential for completion of the course.
- Insurance premium for student borrower.
- Any other expenses required to complete the course, such as- Study Tours, Project
Work, and Thesis etc.
|
|
|
Margin for Allahabad Bank Education Loan
- For loan upto Rs 4.00 lacs: NIL
- For loan above Rs 4.00 lacs:
(i) Studies in India: 5%
(ii) Studies abroad: 15%
- Scholarship / Assistantship to be included in Margin.
- Margin Money to be brought on year-to-year basis and disbursements are made on a
pro-rata basis.
|
|
|
Bank Website for Allahabad Bank Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Bank of Baroda
|
|
|
|
Bank of Baroda Education Loan scheme -- Baroda Scholar
|
|
|
Eligibilty of Candidate for Bank of Baroda Education Loan
Should be an Indian National
Secured admission to Professional/Technical courses at foreign Universities/Institutions.
Course Eligibility for Bank of Baroda Education Loan
Graduate/Post Graduate / Doctorate / Job Oriented Professional / Technical
Courses offered by reputed Universities overseas.
Regular Degree/ Diploma courses like Aeronautical, pilot training, shipping etc.
The Institute should be recognized by the competent local aviation / shipping authority
and Director General of Civil Aviatio
|
Quantum of Loan
Maximum Amount for India : Rs 10 lakhs
Maximum Amount for overseas: Rs 20 lakhs
|
|
|
Expenses covered under Bank of Baroda Education Loan scheme
- Admission/Tuition fees to College/University.
- Hostel/Mess charges.
- Examination/Library/Laboratory fee.
- Purchase of books/equipments/instruments.
- Caution deposit/building fund/refundable deposit supported by institution bills/reciepts.
- One way travel expenses/Passage money.
- Purchase of computers if essential for completion of the course.
- Any other expense required to complete the course e.g. study tour, project work,
thesis etc.
|
|
|
Margin for Bank of Baroda Education Loan
15%
|
|
|
Security for Bank of Baroda Education Loan
- Upto Rs.4.00/- lacs : No security
- Above Rs. 4.00 Lacs and up to Rs. 7.5 lacs: Collateral in the form of a suitable
third
party guarantee alognwith assignment of future income.
- Above Rs.7.5 lacs: Tangible collateral security equal to 100% of the loan
amount along with assignment of future income
|
|
|
Bank Website for Bank of Baroda Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Bank of Maharashtra
|
|
|
|
Bank of Maharashtra Education Loan scheme
|
|
|
Eligibilty for Bank of Maharashtra Education Loan
Student should be Indian national, have secured admission by Entrance test / Merit
bases selection.
Job oriented Prof./Technical / PG courses/ Post Graduation: - MCA, MBA, MS etc
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10 lakhs
Maximum Amount Overseas : Rs 20 lakhs
|
|
|
Margin for Bank of Maharashtra Education Loan
Up to Rs. 4.00 lac - Nil
Above Rs.4.00 lac - 15% for studies abroad
|
|
|
Security for Bank of Maharashtra Education Loan
Up to Rs. 4.00 lac - Clean
Above Rs.4.00 lac to Rs.7.50 lac - Satisfactory third party Guarantee
Above Rs. 7.50 lac - Value of collateral security after providing requisite margin
as below should be equal to the quantum of finance plus 2 acceptable guarantor.
|
|
|
Bank Website for Bank of Maharashtra Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Bank of India
|
|
|
|
Bank of India Star Education Loan scheme
|
|
|
Eligibilty of Candidate for Bank of India Star Education Loan
- Should be an Indian National;
- Secured admission to professional/technical courses in India or Abroad through Entrance
Test/Merit based selection process.
- Good academic career.
- The student should not have outstanding education loan from any other Institution.
- Father/Mother should be co-borrower.
- Branch nearest to the permanent residence of student will consider the loan.
Course Eligibility for Bank of India Star Education Loan
- 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.
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10 lakhs
Maximum Amount Overseas : Rs 20 lakhs
|
|
|
Expenses covered under Bank of India Star Education Loan scheme
- Fee payable to college/school/hostel*
- Examination/Library/Laboratory fee.
- Purchase of books/equipments/instruments/uniforms.
- 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.
- Insurance cover for the student.
- Any other expense required to complete the course - like study tours, project work,
thesis, etc.
* As per brochure/ demand letter from the institution.
|
|
|
Margin for Bank of India Star Education Loan
Upto Rs.4 lakh : Nil
Above Rs.4 lakh - 15% Scholarship could be included in margin.Margin to be brought
in on year to year basis as and when disbursements are made.
|
|
|
Bank Website for Bank of India Star Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Bank of Rajasthan
|
|
|
|
Bank of Rajasthan Education Loan scheme
|
|
|
Eligibilty of Candidate for Bank of Rajasthan Education Loan
- The student should be an Indian
- National and secured admission to professional / technical / Graduation / Post Graduation
courses in India or Abroad through Entrance Test / Merit Based Selection process.
- Sanction of loan will be considered on the basis of academic record, net worth &
income of family and scope for securing good / gainful employment.
- The student will have to submit all required documentary evidences including receipts,
estimates etc. & progress / performance report to the Bank regularly till completion
of the course.
- In case of studies abroad, student should submit the Unique Identification Number
(UIN) / copy of Identity Card to the branch.
- The student / applicant should not be availing / will not avail any education loan
during currency of our loan. Necessary Affidavit / Undertaking to this effect to
be obtained
Course Eligibility for Bank of Rajasthan Education Loan
- 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.
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10 lakhs
Maximum Amount Overseas : Rs 20 lakhs
|
|
|
Expenses covered under Bank of Rajasthan Education Loan scheme
- Fee payable to college/school/hostel.
- Examination / Library / Laboratory fee.
- Purchase of books / equipments / instruments / uniforms Caution deposit, Building
fund / refundable deposit supported by Institution bills / receipts, subject to
the condition that the amount does not exceed 10% of the total tuition fees for
the entire course.
- Travel expenses (to and fro) for studies abroad.
- Purchase of computer – essential for completion of the course
- Any other expenses required to complete the course – like study tours, project work,
thesis etc.
|
|
|
Margin for Bank of Rajasthan Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 15% for abroad studies.
(In special / deserving cases for studies abroad bank may consider lesser margin
on selective basis at its sole discretion.) Margin may be brought-in, on year to
year basis on pro-rata basis as per disbursements.
|
|
|
Security for Bank of Rajasthan Education Loan
Loan upto Rs.4.00 lacs:No security
Loan above Rs.4.00 lacs and upto Rs.7.50 lacs:Collateral Security in the form of
third party guarantee to the satisfaction of bank.
Loan above Rs.7.50 lacs:Collateral security equivalent to the loan amount comprising
of any one or more of the following : NSCs, Govt. Securities, Bank Deposits and
Mortgage of Immovable Property (supported with guarantee of the owner) in favour
of the Bank and acceptable to the Bank.
In case loan is allowed for computer, the same should also be hypothecated to the
bank.
|
|
|
Bank Website for Bank of Rajasthan Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Canara Bank
|
|
|
|
Canara Bank Education Loan scheme
|
|
|
Eligibilty for Canara Bank Education Loan
Job oriented, technical / professional courses- (graduation / post graduation
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10 lakhs
Maximum Amount Overseas : Rs 20 lakhs
|
|
|
Expenses covered under Canara Bank Education Loan scheme
Payment of course fees.Purchase of books, equipments, instruments, uniform, payment
of hostel fees, examination fees, study tours, passage expenses
|
|
|
Margin for Canara Bank Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Security for Canara Bank Education Loan
Loan is given jointly to the student and parent /guardian. Assignment of future
income of the student.
Upto Rs.4.00 lacs- No security
Above Rs.4.00 lacs upto Rs. 7.50 lacs –Satisfactory third party guarantee.
(Note: If the proposed borrower prefers to offer collateral security of tangible
assets (moveable or immoveable) instead of bringing collateral securities in the
form of third party guarantee, the same may be accepted, at his request, provided
the securities with stipulated margin covers 100% of the loan amount).
Above Rs. 7.50 lakhs: Collateral security equal to 100% of the loan amount.
|
|
|
Bank Website for Canara Bank Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Central Bank of India
|
|
|
|
Central Bank of India Education Loan scheme -- Cent Vidyarthi
|
|
|
Eligibilty of Candidate for Central Bank of India Education Loan
Student should be an Indian National having secured admission to Professional /
Technical courses through entrance test / selection process.
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10 lakhs
Maximum Amount Overseas : Rs 20 lakhs
|
|
|
Expenses covered under Central Bank of India Education Loan scheme
For payment of Hostel fee caution deposit, refundable deposit, admission, examination,
library, laboratory, cost of books, equipments, uniforms, computer (Hypothecated).
One-way air passage in case of studies abroad. Reimbursement of admission fee books
airfare etc., if already incurred, within 1 month for studies in India / 6 weeks
for abroad.
|
|
|
Margin for Central Bank of India Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.(Scholarship may be included in
margin.)
|
|
|
Security for Central Bank of India Education Loan
Upto Rs.4 Lakhs: Co-obligation of parents/ guardian/ parent-in-law/spouse
Above Rs. 4 lakhs and up to Rs.7.50 lakhs: Co-obligation of parents/ guardian/ parent-in–law/spouse
together with collateral security in the form of suitable third party guarantee.
Above Rs.7.50 lakhs: Co-obligation of parents / guardian / parent-in–law / spouse
together with tangible collateral security of suitable value, along with the assignment
of future income of the student for payment of installments.
|
|
|
Bank Website for Central Bank of India Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Catholic Syrian Bank
|
|
|
|
Catholic Syrian Bank Education Loan scheme --
|
|
|
Eligibilty of Candidate for Catholic Syrian Bank Education Loan
Candidate must be a citizen of India
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10 lakhs
Maximum Amount Overseas : Rs 15 lakhs
|
|
|
Expenses covered under Catholic Syrian Bank Education Loan scheme
The education loan covers tuition fee, examination fee, expense of study tours,
hostel charges, cost of books and refundable deposits. The travel expenses and passage
money are also included in the loan.
|
|
|
Margin for Catholic Syrian Bank Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Bank Website for Catholic Syrian Bank Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Vysya Bank
|
|
|
|
Vysya Bank Education Loan scheme
|
|
|
Eligibilty of Candidate for Vysya Bank Education Loan
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
Course Eligibility Vysya Bank Education Loan
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.
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 7.50 lakhs
Maximum Amount Overseas : Rs 15.00 lakhs
|
|
|
Expenses covered under Vysya Bank Education Loan scheme
* Fee payable to college/ school/ hostel.
* Examination/ Library/ Laboratory fee.
* Purchase of books/ equipments/ instruments/ uniforms.
* 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.
Note:A certificate from the college/institute to the schedule of expenses
for the course year wise to be submitted.
|
|
|
Margin for Vysya Bank Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Security for Vysya Bank Education Loan
Up to Rs 4 lacs: No security
Above Rs 4 lacs and up to Rs 7.5 lacs: Collateral in the form of a 'third party
guarantee' having net worth of 100% of the loan amount
Above Rs 7.5 lacs: Collateral security equivalent 100% of the loan amount and assignment
of future income of the student for the payment of installment.
|
|
|
Bank Website for Vysya Bank Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Vijaya Bank
|
|
|
|
Vijaya Bank Education Loan scheme
|
|
|
Eligibilty of Candidate Vijaya Bank Education Loan
Student should be an Indian National and should have secured admission to the relevant
Professional/ Technical courses in India or Abroad through Entrance Test/ Merit
Based Selection process. However there is no age restriction for the applicant.
Course Eligibility for Vijaya Bank Education Loan
-
Graduation: For job oriented professional / technical courses offered by the reputed
university.
-
Post graduation: MCA, MBA, MS, etc.
-
Courses conducted by CIMA-London, CPA in USA, etc.
-
Pilot Training Programme offered by recognized institutions abroad approved by competent
authority in that country. Example in USA the Federal Aviation Administration, Government
of USA.
The licences issued by such institutions should be convertible into corresponding
Indian Licences in case the applicant desires to take up employment in India after
completion of course/ training abroad, as per directives of Director General of
Civil Aviation, Government of India.
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10.00 lakh
Maximum Amount Overseas : Rs 20.00 lakh
|
|
|
Expenses covered under Vijaya Bank Education Loan scheme
-
Fee payable to college/ school/ hostel.
-
Examination/ Library/ Laboratory fee.
-
Purchase of books/ equipments/ instruments/ uniforms.
-
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.
-
Issuance of DD favouring CET Cell
-
Fee payable to the Institution/hostel/examination fee, cost of books, travel expenses
for studies abroad, purchase of computer, etc.
|
|
|
Margin for Vijaya Bank Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Security for Vijaya Bank Education Loan
Upto Rs. 4 lakh -- No security
Above Rs 4 lakh to Rs 7.50 lakh -- Suitable third party guarantee.
Above Rs 7.5 lakh to 15..0 lakh --Tangible Collateral security of suitable value
of loan or third party guarantee with assignment of future income of the student
for payment of instalments
Rs 15 lakh to Rs 20 lakh -- Tangible Collateral security for full value of loan
and third party guarantee with assignment of future income of the student for payment
of instalment
|
|
|
Bank Website for Vijaya Bank Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Dena Bank
|
|
|
|
Dena Bank Education Loan scheme -- Dena Vidhaya Laxmi
|
|
|
Eligibilty of Candidate for Dena Bank Education Loan
Candidate should be an Indian national and have secured admission to a professional
or technical course in an Indian or Foreign university.
Simply walk in with the marksheet of the qualifying exam. and proof of admission
Course Eligibility for Dena Bank Education Loan
Graduation for professional/ technical courses offered by reputed universities;
Post Graduation (MCA, MBA, MS).
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10 lakh
Maximum Amount Overseas : Rs 20 lakh
|
|
|
Expenses covered under Dena Bank Education Loan scheme
- Fee payable to colleges/ schools/ hostels.
- Examination/Library/ Laboratory fees.
- Passage fare for travel abroad.
- Purchase of computers needed to complete the course.
- Any other expense to complete the course like study tours, project work, thesis
etc.
|
|
|
Margin for Dena Bank Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Bank Website for Dena Bank Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Federal Bank Limited
|
|
|
|
Federal Bank Limited Education Loan scheme -- Federal Vidya Loan Scheme and
Special Vidya Loan Scheme
|
|
|
Eligibilty of Candidate for Federal Bank Limited Education Loan
Open for Indian Nationals who have secured admission to professional / technical
courses through Entrance test / merit based selection process or have secured admission
to foreign university / institutions (for studies abroad). Course & Institution
should have necessary approval / recognition. And the bank nearest to the residence
of the borrower must be Federal Bank.
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10 lakh
Maximum Amount Overseas : Rs 20 lakh
|
|
|
Expenses covered under Federal Bank Limited Education Loan scheme
Need based finance and subject to repaying capacity of the parents / students. Fee
payable to college / school / hostel for tuition / examination / library / lab etc
Cost of books, equipments, instruments, uniform, travel expenses, computer (if essential
for the course), expenses for study tours / project work / thesis, etc. Caution
deposit, amount payable towards building fund, refundable deposit etc supported
by bills / receipts but cannot exceed 10% of the tuition fee
|
|
|
Margin for Federal Bank Limited Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Security for Federal Bank Limited Education Loan
No security is needed Up to Rs 4 Lakhs.
Third party guarantee acceptable to bank / collateral security for loans up to 7.50
Lakhs.
Above Rs 7.50 Lakhs collateral security with required margin is required Single
premium insurance policy on the life of the student to be taken covering the loan
amount and period.
|
|
|
Bank Website for Federal Bank Limited Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
HDFC
|
|
|
|
HDFC Education Loan scheme
|
|
|
Eligibilty of Candidate for HDFC Education Loan
Candidates willing to apply for HDFC Bank education loan should be Indian Nationals.
Applicants should be between 16-35 years of age.
Collateral security is essential for loans above Rs. 7.5 lacs.
A co-applicant is required if you are applying for full time courses.
Course Eligibility for HDFC Education Loan
The eligible courses for HDFC student loan are undergraduate and postgraduate
courses in the fields of management, engineering, medicine, computer applications,
fine arts and designing, hotel and hospitality, architecture and pure science. The
other courses eligible for loans are distance learning programs, air hostess training
courses, SAP, GNIIT and ERP. The institutes should be recognized by competent government
body or even by AICTE.
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10 lakhs
Maximum Amount Overseas : Rs 20 lacs.
|
|
|
Expenses covered under HDFC Education Loan scheme
The expenses covered by HDFC Bank education loan includes money to be paid as college
and hostel charges, examination fees, library and laboratory fees, refundable deposit,
caution deposit and other charges.
The loan also covers travel expenses for studying abroad, essential articles required
for completing the course and other educational costs.
|
|
|
Bank Website for HDFC Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Indian Overseas Bank
|
|
|
|
Indian Overseas Bank Education Loan scheme -- Vidya Joyti
|
|
|
Eligibilty of Candidate for Indian Overseas Bank Education Loan
Should be an Indian National.
Should have secured admission to professional/technical courses in India or abroad
Loans will be made available only for Graduation and Post Graduation Courses offered
by Reputed Universities and not for diplomas
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10.00 lakh
Maximum Amount Overseas : Rs 20.00 lakh
|
|
|
Margin for Indian Overseas Bank Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Security for Indian Overseas Bank Education Loan
For loans upto Rs. 4.00 lakh --- Co obligation of parents . No security
For loans above Rs. 4.00 lakh and up to Rs.7.50 lakh --- Co obligation of parents
together with collateral security in the form of suitable third party guarantee.
For loans above Rs.7.50 lakh --- Co obligation of parents together with tangible
collateral security .Collateral security in the form of NSC /KVP/ LIC Policy/ Gold/
Shares/Debentures or immovable properties Bank Deposits in the name of student/Parent/Guardian
or any other third party with suitable margin. Wherever the land/ building is already
mortgaged the unencumbered portion can be taken as security on second charge basis
provided it covers the required loan amount. In case the loan is given for the purchase
of computer , the computer has to be hypothecated to the bank.
|
|
|
Bank Website for Indian Overseas Bank Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Indian Bank
|
|
|
|
Indian Bank Education Loan scheme
|
|
|
Eligibilty of Candidate for Indian Bank Education Loan
The applicant should be an Indian National. He/She should have secured admission
to professional/technical courses in India/Abroad through Entrance Test/Merit based
selection process.
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10.00 lakh
Maximum Amount Overseas : Rs 20.00 lakh
|
|
|
Expenses covered under Indian Bank Education Loan scheme
To meet the cost of education covering fee payable to college/school/hostel, exam
fees, purchase of books/equipments, travel expenses /passage money for studies abroad,
purchase of computers essential for completion of the course etc.
|
|
|
Margin for Indian Bank Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Security for Indian Bank Education Loan
For loans upto Rs. 4.00 lakh --- Co obligation of parents . No security
For loans above Rs. 4.00 lakh and up to Rs.7.50 lakh --- Co obligation of parents
together with collateral security in the form of suitable third party guarantee.
For loans above Rs.7.50 lakh --- Co obligation of parents together with tangible
collateral security of suitable value along with the assignment of future income
of the student for payment of instalments.
|
|
|
Bank Website for Indian Bank Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
IDBI Bank
|
|
|
|
IDBI Bank Education Loan scheme
|
|
|
Eligibilty of Candidate for IDBI Bank Education Loan
Candidate should be an Indian National.
Course Eligibility for IDBI Bank Education Loan
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.
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10.00 lakh
Maximum Amount Overseas : Rs 20.00 lakh
|
|
|
Expenses covered under IDBI Bank Education Loan scheme
- Fee payable to college / school/ hostel
- Examination / Library / Laboratory fee
- Purchase of books / equipments / instruments / uniforms
- 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.
- Insurance premium for student borrower
|
|
|
Margin for IDBI Bank Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Security for IDBI Bank Education Loan
For loans upto Rs. 4.00 lakh --- Co obligation of parents . No security
For loans above Rs. 4.00 lakh and up to Rs.7.50 lakh --- Co obligation of parents
together with collateral security in the form of suitable third party guarantee.
For loans above Rs.7.50 lakh --- Collateral security in the form of Land/ building,
(The minimum value shall be 1.33 times the amount of loan sought). Govt. securities/
Public Sector Bonds/ Units of UTI, NSC, KVP, LIC policy, gold, shares/ debentures,
bank deposit in the name of parent/ guardian or in the name of the co-applicant
(The minimum value shall be 1.1 times of the amount of loan sought).
|
|
|
Bank Website for IDBI Bank Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
State Bank of Mysore
|
|
|
|
State Bank of Mysore Education Loan scheme -- Gnanamitra Education Loan
|
|
|
Course Eligibility for State Bank of Mysore Education Loan
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.
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10.00 lacs
Maximum Amount Overseas : Rs 20.00 lacs
|
|
|
Margin for State Bank of Mysore Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Security for State Bank of Mysore Education Loan
For loans upto Rs. 4.00 lakh --- No security
For loans above Rs. 4.00 lakh and up to Rs.7.50 lakh --- Co obligation of parents
together with collateral security in the form of suitable third party guarantee.
For loans above Rs.7.50 lakh --- Collateral security by way of immovable property
or equal to the loan amount in the form of Government securities / NSCs / Units
of UTI. Guarantee of parents / guardians (in the case of minors, the parent / guardian
will execute the documents on behalf of the minor and also in his capacity as co-borrower)
/ third party guarantee where sufficient collateral security is not available.
|
|
|
Bank Website for State Bank of Mysore Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Oriental Bank of Commerce
|
|
|
|
Oriental Bank of Commerce Education Loan scheme
|
|
|
Eligibilty of Candidate for Oriental Bank of Commerce Education Loan
Indian nationals not above 45 years of age those who secured admission in a recognized
course of an approved university (AICTE approved institutions) OR institutes recognized
by a statutory body.
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10.00 lacs
Maximum Amount Overseas : Rs 20.00 lacs
|
|
|
Margin for Oriental Bank of Commerce Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Security for Oriental Bank of Commerce Education Loan
For loans upto Rs. 4.00 lakh --- Co obligation of parents is must. No security
For loans above Rs. 4.00 lakh and up to Rs.7.50 lakh --- No Collateral Security
required. Co-obligation of parents/guardian is must. One satisfactory third party
quarantee.
For loans above Rs.7.50 lakh --- Co-obligation of parents/guardian is obligatory.Mortgage
of immovable property or any other tangible security like pledge of NSC/UTI/LIC
(Surrender Value)/Bonds/ Banks deposits (Except under tax saving scheme) etc. .
having value at least equal to 100% of loan. Extension of charge on property already
mortgaged with our Bank, subject to adequate residual value of security.
|
|
|
Bank Website for Oriental Bank of Commerce Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Punjab and Sind Bank
|
|
|
|
Punjab and Sind Bank Education Loan scheme
|
|
|
Eligibilty of Candidate for Punjab and Sind Bank Education Loan
Student should be an Indian National.
Secured admission to professional / technical courses in India or abroad through
entrance Test / Merit Based Selection process.
Course Eligibility for Punjab and Sind Bank Education Loan
Graduation: For job oriented professional/technical courses offered by
reputed universities
Post Graduation : MCA,MBA,MS etc.
Courses conducted CIMA-London, CPA in USA etc.
Diploma courses of reputed / recognized foreign Institutes/ Universities.
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10.00 lacs
Maximum Amount Overseas : Rs 20.00 lacs
|
|
|
Expenses covered under Punjab and Sind Bank Education Loan scheme
Fees payable to college / School/ Hostel / purchase of books / equipment /uniforms/
/ travel expenses / passage money for studies abroad/ any other expenses required
to complete the course like study tours/ project work, thesis etc .
|
|
|
Margin for Punjab and Sind Bank Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Security for Punjab and Sind Bank Education Loan
For loans upto Rs. 4.00 lakh --- No security
For loans above Rs. 4.00 lakh and up to Rs.7.50 lakh --- Collateral Security required.
One satisfactory third party quarantee.
For loans above Rs.7.50 lakh --- Collateral and third party quarantee.
|
|
|
Bank Website for Punjab and Sind Bank Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Punjab National Bank
|
|
|
|
Punjab National Bank Education Loan scheme -- Vidya Lakshya Purti
|
|
|
Eligibilty of Candidate for Punjab National Bank Education Loan
Student should be an Indian National.
Secured admission to Professional / Technical courses in India or abroad through
Entrance Test / Merit based Selection process.
Course Eligibility for Punjab National Bank Education Loan
Graduation- for job oriented professional/technical courses offered by
reputed universities abroad.
Post Graduation cources- MCA, MBA, MS, etc. offered by reputed universities abroad.
Courses conducted by CIMA- London, CPA in USA etc.
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10.00 lacs
Maximum Amount Overseas : Rs 20.00 lacs
|
|
|
Expenses covered under Punjab National Bank Education Loan scheme
- Fee payable to College / School / Hostel
- Examination / Library / Laboratory fee.
- Purchase of books / equipments / instruments / uniforms.
- Caution Deposit / Building Fund / Refundable Deposit supported by Institution Bills
/ Receipts, subject to the condition that the amount does not exceed 10% of the
total tution fee for entire course.
- Travel Expenses / Passage money for studies abroad.
- Purchase of computers - essential for completion of the Course.
- Insurance premium for student borrower.
- Boarding and lodging expenses in recognised Boarding Houses / private accomondations
- Any other expense required to complete the course - like study tours, project work,
thesis etc.
|
|
|
Margin for Punjab National Bank Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Security for Punjab National Bank Education Loan
For loans upto Rs. 4.00 lakh --- Co obligation of parents is must. No security
For loans above Rs. 4.00 lakh and up to Rs.7.50 lakh --- Co-Obligation of Parents
together with collateral security in the form of suitable 3rd party guarantee acceptable
to the Bank.
For loans above Rs.7.50 lakh ---Co-Obligation of Parents. Collateral Security of
suitable value along with Assignment of future income of the student for payment
of installments.
The security can be in the form of land / building / Govt. Securities / Public Sector
Bonds / Units of UTI, NSC, KVP, LIC Policy, Gold, Shares/ Mutual Funds/ Debentures,
Bank Deposit in the name of the student parent / guardian or any other third party
with suitable Margin.
The document should be executed by both the student and the parent/guardian.
|
|
|
Bank Website for Punjab National Bank Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Karnataka Bank
|
|
|
|
Karnataka Bank Education Loan scheme -- KBLVIDYANIDHI
|
|
|
Eligibilty of Candidate for Karnataka Bank Education Loan
Any student, representing himself / herself if major, or a minor student represented
by parent or guardian, of Indian nationality, who has secured admission to a professional
/ technical / other course, in India or abroad.
Course Eligibility
Only for job oriented professional / technical courses offered by the reputed Universities;
Post Graduation - MCA, MBA, MS; Courses conducted by CIMA-London, CPA in USA etc.
|
|
|
Quantum of Loan for Karnataka Bank Education Loan
Maximum Amount for India : Rs 10.00 lakh
Maximum Amount Overseas : Rs 20.00 lakh
|
|
|
Expenses covered under Karnataka Bank Education Loan scheme
Tuition Fees, Hostel Fees and Boarding and Lodging Fees if resident outside Hostel;
Examination / Laboratory and Library Fees; Purchase of Books / Study material /
Equipment and Uniforms; Caution Deposit / Building Fund / Refundable Deposits (supported
by Receipts issued by the Institution); Travel expenses / passage money for study
abroad; Purchase of Computer if certified as essential for completion of course;
other expenses like Project Work, Study Tour and Thesis, which are necessary for
completion of course.
|
|
|
Margin for Karnataka Bank Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Security for Karnataka Bank Education Loan
Up to Rs.4 lakh: No security.
Above Rs.4 lakh and upto Rs.7.50 lakh: Collateral in the form of a suitable third
party guarantee.
Above Rs.7.50 lakh: Collateral security of suitable value or suitable third party
guarantee along with the assignment of future income of the student for payment
of instalments.
|
|
|
Bank Website for Karnataka Bank Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
State Bank of Hyderabad
|
|
|
|
State Bank of Hyderabad Education Loan scheme
|
|
|
Eligibilty of Candidate for State Bank of Hyderabad Education Loan
Student Should be an Indian National.
Secured admission to professional/ technical courses through Entrance Test / Selection
process.
Secured admission to foreign University / Institution.
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10.00 lacs
Maximum Amount Overseas : Rs 20.00 lacs
|
|
|
Margin for State Bank of Hyderabad Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Security for State Bank of Hyderabad Education Loan
Upto Rs. 4.00 Lacs - No Security (Co-obligation of parent / guardian is compulsory).
Above Rs.4.00 Lacs and upto Rs.7.50 Lacs: Collateral in the form of a suitable third
party guarantee.
Above Rs.7.50 Lacs: - Collateral security of suitable value or Co-obligation of
parents / Guardians / third party guarantee along with the assignment of future
income of the student for payment of installments.
|
|
|
Bank Website for State Bank of Hyderabad Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
State Bank of India
|
|
|
|
State Bank of India Education Loan scheme -- SBI Student Loan Scheme
|
|
|
Eligibilty for State Bank of India Education Loan
Graduation/ Post-graduation for job oriented professional/ technical courses offered
by reputed universities
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10.00 lacs
Maximum Amount Overseas : Rs 20.00 lacs
|
|
|
Expenses covered under State Bank of India Education Loan scheme
Fees payable to college/school/hostel
Examination/Library/Laboratory fees
Purchase of Books/Equipment/Instruments/Uniforms
Caution Deposit/Building Fund/Refundable Deposit (maximum 10% tution fees for the
entire course)
Travel Expenses/Passage money for studies abroad
Purchase of computers considered necessary for completion of course
Cost of a Two-wheeler upto Rs. 50,000/-
Any other expenses required to complete the course like study tours, project work
etc.
|
|
|
Margin for State Bank of India Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Security for State Bank of India Education Loan
Upto Rs. 4 lacs -- No Security
Above Rs. 4 lacs to Rs. 7.50 lacs -- Collateral security in the form of suitable
third party guarantee. The bank may, at its discretion, in exceptional cases, weive
third party guarantee if satisfied with the net-worth/means of parent/s who would
be executing the documents as "joint borrower".
Above Rs. 7.50 lacs -- Tangible collateral security of suitable value, along with
the assignment of future income of the student for payment of installments.
|
|
|
Bank Website for State Bank of India Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
Syndicate Bank
|
|
|
|
Syndicate Bank Education Loan scheme -- SyndVidya
|
|
|
Eligibilty of Candidate for Syndicate Bank Education Loan
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).
Course Eligibility for Syndicate Bank Education Loan
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.
Other Foreign Diploma courses are not eligible.
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10.00 lacs
Maximum Amount Overseas : Rs 20.00 lacs
|
|
|
Expenses covered under Syndicate Bank Education Loan scheme
Need based finance to meet expenses such as fee payable to college / school / hostel,
examination fee, cost of books, travel / passage fare for studies abroad etc.
Capitation fee / donation / external coaching fee are not eligible for finance.
|
|
|
Margin for Syndicate Bank Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Security for Syndicate Bank Education Loan
For loans upto Rs.4.00 lac - NIL.
For loans above Rs.4.00 lac and upto Rs.7.50 lac - Collateral in the form of satisfactory
third party guarantee acceptable to the Bank.
For loans above Rs.7.50 lac - Collateral security with 25% margin covering the loan
amount and assignment of future income of the student for payment of loan instalments.
|
|
|
Bank Website for Syndicate Bank Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
United Bank of India
|
|
|
|
United Bank of India Education Loan scheme
|
|
|
Eligibilty of Candidate United Bank of India Education Loan
Student should be an Indian National.
Course Eligibility for United Bank of India Education Loan
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.
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10.00 lacs
Maximum Amount Overseas : Rs 20.00 lacs
|
|
|
Expenses covered under United Bank of India Education Loan scheme
Fees payable to College/ School/ Hostel.
Examination/ Library/ Laboratory Fee.
Purchase of Books/ Equipments/ Instruments/ Uniforms.
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 expenses required to complete the Course like study tours, project work,
thesis, etc.
|
|
|
Margin for United Bank of India Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Security for United Bank of India Education Loan
Upto Rs. 4.00 Lacs : Nil
Above Rs. 4.00 Lacs and upto Rs. 7.50 lakh: Collateral in the form of a suitable
third party guarantee.
Above Rs. 7.50 lacs: Collateral of suitable value or suitable third party guarantee.
|
|
|
Bank Website for United Bank of India Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
|
UCO Bank
|
|
|
|
UCO Bank Education Loan scheme
|
|
|
Eligibilty of Candidate for UCO Bank Education Loan
Applicant must have secured admission to professional/technical course through Entrance
Test/Selection Process.
Secured admission to foreign University / Institution.
No maximum or minimum income is prescribed for parents/family.
Course Eligibility for UCO Bank Education Loan
Graduation : Job oriented professional / technical courses offered by reputed
Universities.
Post Graduation : MCA, MBA, MS, etc.
Courses conducted by CIMA – London, CPA in U.S.A., etc.
|
|
|
Quantum of Loan
Maximum Amount for India : Rs 10.00 lakh
Maximum Amount Overseas : Rs 20.00 lakh
|
|
|
Expenses covered under UCO Bank Education Loan scheme
Course Fees
Hostel/Boarding Fees including caution deposit/building fund etc.
Books, Stationery & Equipment required for the course, including Computers.
Examination/Library/Laboratory fees.
Travel Expenses/Passage for studies abroad.
|
|
|
Margin for UCO Bank Education Loan
There is no margin for loans up to Rs.4 lacs. For loans above Rs.4 lacs the margin
is 5% and 15% for India and abroad respectively.
|
|
|
Security for UCO Bank Education Loan
Upto Rs.4.00 lacs – No security
Above Rs.4.00 lacs – Collateral securities by way of suitable 3rd party guarantee
or tangible security equivalent to loan amount.
|
|
|
Bank Website for UCO Bank Education Loan
For more information visit bank website: Education Loan
|
|
|
Go to List of banks
Comments - You can use your Facebook, Yahoo, AOL or Hotmail account
to comment.