Education loan in India – get students loan details from Central Bank of India and how to approach techniques. Know about Eligibility criteria, education loan interest rates in Central Bank Of India & documents required.

Also find the clear-cut details of maximum loan amount, courses which are eligible get Students loan. Information is given below,.

CENTRAL BANK OF INDIA — EDUCATION LOAN

Purpose

The main objective of Cent Vidhyarthi is to provide education loans for students who are poor and needy.

Eligibility courses in India

U.G courses: B.C.A, B.B.A, B.Com, B.Sc, B.A

P.G courses: Masters & Doctorate (Ph.D).

Professional Courses - Agriculture, Engineering, Medical, Law, Management,. Courses offered by major institutions and Universities in India.

• Read: Eligibility criteria for getting Education Loan

Eligibility courses in abroad

U.G & P.G courses offered by best universities in abroad.

• [Useful: C Programming Guide] & [Study Abroad Guidance]

Students eligibility criteria

Nationality: Indian

Study Loan - Age limit: 16 - 40 years

Secured admission to professional courses or any other degree courses through entrance/selection process.

• Related: How to approach a bank for education loan?

Expenses considered in Study loan:

• College/hostel fee
• Laboratory/uniform fee/book fee/equipment/examination fee
• Other expenses like Travel expenses, study tours, project work etc
• Note: The students are subjected to produce the exact receipts.

Maximum amount given

Indian Studies – Max of Rs. 7,50000

Studies in Abroad – Max of Rs. 15,00000

• Read: Top 5 Degrees Preferred by Indian students

Students loan interest in Central Bank of India:

Up to Rs. 4,00000 - No interest

Educational loan in India: Above Rs. 4,00000 - 5%
Educational loan in Abroad: 15%

[Useful: Complete Education loan guide] & [Career Guidance for all]

Security

Up to 4,00000 : No need of security. Only co-obligation of parents or guardian is required.

Above Rs.4,00000 & up to Rs 7,50000: Collateral security is required