Student eligibility:
• Student be an Indian National
• Secured admission to professional/ technical courses in India or Abroad through Entrance Test / Merit based Selection process.

Courses Eligibility:
Studies in India
• Graduation Courses- B.A, B.COM, B.Sc. etc.
• Post Graduation Courses: Masters Courses, Ph D, etc.
• Professional Courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
• Computer Certificate Courses of reputed Institutes accredited to Department of Electronics or Institutes affiliated to University.
• Courses like- ICWA, CA, CFA etc.
• Courses conducted by IIM, IIT, IISc, XLRI, NIFT etc.
• Regular Degree/ Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation/ Shipping, if the course pursued abroad, the Institute should be recognised by the competent local aviation/ shipping authority.
• Courses offered in India by reputed foreign universities.
• Evening Courses of approved Institutes.
• Other Courses leading to diploma/degree etc conducted by the Colleges/ Universities approved by UGC/Govt/AICTE/AIBMS/ICMR etc.

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 recognized by the competent local aviation/ shipping authority.

Loan Amount:
Need based finance subject to repaying capacity of the parents / students with following ceilings:
Studies in India: Maximum Rs 10.00 lacs Studies abroad:
Maximum Rs. 20.00 lacs.

Expenses Considered for 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.

Rate of Interest:
Loan Upto Rs. 4.00 lacs
For students of IIT / IIM/ ISB PLR-1.75%
For Others PLR-0.75%

Loan above Rs. 4.00 lacs
For students of IIT / IIM/ ISB* PLR-1.75%
For Others PLR-1.00%

Repayment:
• Repayment Holiday / Moratorium are Course Period + 1 year or 6 months after getting job, whichever is earlier.
• Loan to be repaid within a maximum period of 7 years after commencement of repayment.

For More details click here : http://www.allahabadbank.com/education.asp

Loan options provided by Bank of Baroda are Baroda Vidya, Baroda Gyan and Baroda Scholar.

BARODA VIDYA

It is an education loan scheme offered to the parents of students undergoing school education. These loans are provided for studies between Nursery and 12th standard. Processing and documentation charges, margin and security are not required for taking loans under this scheme. However, the candidates are required to meet certain criteria for getting the loans. He or she has to be an India national who resides in India. Students are required to take admission in a recognized school, high school or junior school. The maximum loan amount offered is Rs. 4 lacs.

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.
• No processing charges.
• No Margin on loans upto 4 lacs.
• Free Debit Card.

Courses Eligibility

• All Graduation courses.
• All Post Graduation courses & Doctorate courses.
• Professional Courses viz. Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, Ayurved, Homeopathy, Physiotherapy, Hotel Management, Hospital Management, Interior Designing, Architecture, Event Management, Mass Communication, Fashion Technology, etc.
• Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to Universities.
• Courses like C.A, ICWA, CFA, CS, etc.
• Courses conducted by IIM, IIT, IISc, XLRI. NIFT etc.
• Regular Degree/ Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation/shipping.
• Other courses leading to diploma / degree etc. conducted by colleges/universities approved by UGC/Govt./ AICTE/ AIBMS/ ICMR etc.
• Courses offered in India by reputed foreign Universities.
• Evening courses of institutes approved by State/Central/Govt./UGC/AICTE/AIBMS/ICMR/ICAR.
• Courses offered by National Institutes and other reputed private institutions. The College/Institute must have been approved by the State/Central Govt./UGC/AICTE. Etc.

Student Eligibility:
• Should be Resident Indian.
• Secured admission to either of above courses

Coverage of expenses:

• Fee payable to college / Institution / University.
• Examination / Library / Laboratory Fee.
• Fee and other charges payable to hostel.
• Purchase of books / equipments / instruments.
• Personal Computers / Laptops wherever required.
• Caution deposit / building fund / refundable deposit supported by institution bills / receipts.
• Any other expenses required to complete the course - like study tours, project works, thesis, etc.

Maximum Loan Amount: Rs.10.00 Lacs.

Repayment Holiday / Moratorium Period:
• Course period + 1 year or 6 months after getting job, whichever is earlier.

Repayment Period:
• The loan is repayable in 5-7 years after the above period.

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

Course Eligibility:
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 Aviation/shipping in India.

Student Eligibility:
• Should be an Indian National.
• Secured admission to Professional/Technical Courses at foreign Universities/Institutions.

Coverage of expenses (for overseas studies):

• 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/receipts.
• 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.

Maximum amount of loan: Rs. 20.00 Lacs.
Margin: 15%

Repayment Period:
Repayment Holiday/Moratorium Period:
• Course period + 1 year or 6 months after getting job, whichever is earlier.
The loan is repayable in 5-7 years after the above period.

For more information click here : http://www.bankofbaroda.com/PFS/eduloans.asp

The scheme of Punjab National Bank (PNB) Educational Loan is also known as Vidyalakshyapurti. It also includes insurance coverage for the borrowers of educational loans in collaboration with Kotak Mahindra Insurance.

Courses:
Punjab National Bank offers educational loans for graduate and postgraduate programs. A student, who is pursuing a professional course or a vocational course from a recognized body, university or nationally known institute can apply for PNB educational loan as well.

Education Loans are also given for studying certificate or diploma programs.
Eligibility:
* A student, who is an Indian national, can apply for the loan.
* An applicant is considered eligible for PNB educational loan, if he gets admitted to a professional or vocational course through a selection process or into a foreign institute.
* A student applying for a graduate program can also get the loan if he obtains at least pass marks in the qualifying exam.

Expenses, taken into account:
The education loan of Punjab National Bank covers the college, school or hostel fee and expenses for buying books, instruments or uniform. It also includes exam, laboratory or library fee apart from money for buying computer, if necessary for pursuing the program. Your travel and lodging expenses will also be covered by the loan.Even Caution Deposit, refundable deposit or building fund and any other cost essential for studying the program will be considered for loan.

Amount, Ceiling, Margin & Security of Loan

The amount of PNB Loan is sanctioned evaluating the need and the repaying capability of the parent or the student. Additionally, some ceilings and margins are also applied by PNB.
* You can borrow a maximum of Rs 7.5 lacs and Rs 15 lacs for studying in India or abroad respectively.
* Besides, there is a margin of 5% if you borrow above Rs 4 lacs for studying in India. The margin is 15% for studying abroad.
* An applicant needs to present a 3rd party as guarantee for borrowing above Rs 4 lacs.
* If the amount is above Rs 7.5 lacs, the bank asks for a collateral security or guarantee of a 3rd party.

Mode of repayment:
You can repay the principal sum and the interest in a time period of 5 to 7 years after you begin repaying. In case, a student fails to complete his study in the stipulated time period, he will be given an extended time of 2 years in maximum for completing the program.
For more information click here : http://www.pnbindia.com/english_web/c_vidya.htm

Indian Bank provides convenient educational loans for meritorious/deserving students to acquire knowledge and skill in the field of their interest.

Eligibility
• The applicant should be an Indian National.
• He / She should have secured admission to professional / technical courses in India or abroad through Entrance Test / Merit based selection process.
• Age of the Student - 15 to 30 Years (For Studies in India)
• Age of the Student - 18 to 35 Years (For Studies in Abroad)

Purpose

• To meet the cost of education covering fee payable to college / school / hostel, exam fees, purchase of books / equipment’s, travel expenses / passage money for studies abroad, purchase of computers essential for completion of the course etc.
• Caution Deposit, Building fund/ refundable deposit supported by institution bills/receipts, subject to a maximum of 10% of total tuition fees for the entire course.
• Insurance premium for student borrower.

Studies in India
1. Diploma/Graduation/Post-graduation courses in various disciplines.
2. Computer certificate courses of reputed institutes accredited to The Department of Electronics.

Studies abroad
1. Job-oriented professional/technical courses offered by reputed universities.
2. MCA, MBA, MS etc.
3. Courses conducted by CIMA – London, CPA in USA etc.

Maximum Permissible Amount of Loan
• For Studies in India - Rs.10.00* lakhs
• For Studies Abroad - Rs.20.00* lakhs

* Higher quantum of loan also can be considered in deserving and meritorious cases.
Margin
• Upto Rs.4.00 lakhs - NIL • Above Rs.4.00 lakhs For Studies in India - 5% For Studies Abroad - 15% Rate of Interest • Upto Rs.4.00 lakhs -12.50 % p.a. at present • Rs.4.00 lakhs upto Rs.7.50 lakhs -12.50 % p.a. at present
• Above Rs.7.50 lakhs -12.75 % p.a. at present
• Floating Rate linked with Benchmark Prime Lending Rate (BPLR) of the Bank and liable to undergo changes whenever there is a change in BPLR.

Holiday period and Repayment
The course period PLUS 1 year or 6 months after getting a job, whichever is earlier. Repayable in 5– 7 years.

For more details click here : http://www.indian-bank.com/educational_loan.htm

Courses Eligible - Higher Studies
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

Limit
• Higher Education (in India) 10000 (min.) 10.00 Lacs (max.)
• Higher Education (Abroad) 10000 (min.) 10.00 Lacs (max.)

Repayment

Technical / Professional Higher studies in India / Abroad
Repayment of loan to commence immediately after disbursal, by the parent / guardian, out of his / her income. Installments may be nominal (to cover interest portion, at least) during the period the student is undertaking the studies. The installments will be stepped up one year after the completion of the course or after the student gets a job, whichever is earlier, so that the loan gets repaid together with interest within a period of 60 to 84 months thereafter. Repayment Completion of course + 1 year or 6 months after getting a job, whichever is earlier. The interest to be debited monthly on simple basis during the repayment holiday / moratorium period. Penal interest @2% will be charged for amount above Rs. 2 lacs for the overdue amount and overdue period. Interest concession of 1% per annum is available, provided the interest is repaid during moratorium period as and when the interest is applied.

For more information click here : http://www.statebankofmysore.co.in/gnanamitra.htm

Eligibility:

Age:
• + 12-30 years for studies in India
• + 18 to 35 years for study in other countries

Quantum of Loan:
Maximum
• Rs. 10.00 Lacs for studies in India
• Rs. 20.00 Lacs for Studies Abroad

Purpose of Loan:
• To meet cost of Tuition fee, Hostel fee, Examination fee, Books, Project work, Study tours, and Refundable deposits.
• Air passage and maintenance, for abroad studies.

Margin:
• Upto Rs.4.00 Lacs Exempted
• Above Rs.4.00 Lacs 5% In India 15% for Abroad Studies.

Security:
• Upto Rs.4.00 Lacs guarantee of parent
• Rs.4.00 to 7.50 lacs - guarantee of the parent
• Above Rs.7.50 Lacs--Collateral Security of suitable value & guarantee of the parent

Rate of Interest is subject to change in BMPLR from time to time

For more details click here : http://andhrabank.in/scripts/ABDrPattabhiVidyaJyothi.aspx

Courses:

Bank of India Education Loan is offered for studying several kinds of programs.
* You can apply for an educational loan from Bank of India if you want to pursue a graduate, postgraduate and doctoral program.
* A student can also obtain this loan if he plans to study a professional program including Engineering, Law and Medical programs.
* Even students willing to study computer certificate courses of recognized institutes or specialized programs like CFA, ICWA and CA can apply for the loan.
* An applicant, planning to pursue programs from institutes recognized by government, UGC, AICTE, a national body or a recognized foreign university in Indian, is also considered eligible for the loan.
* For pursuing PG programs such as MS or MBA, employment-oriented programs from recognized universities or courses by CPA in the US and CIMA-London in abroad, you can also apply for the educational loan.

Eligibility:
Education Loans of Bank of India are offered to Indian nationals, who have no outstanding loan taken for education from any other body. The parent of the student should also act as a co-borrower.
A student will be considered eligible for the loan if he has good academic record and gets admitted to a professional or technical course in India or abroad through a selection procedure based on merit or entrance test.

Expenses taken into account:
The educational loan covers college, school or hostel fee as well as that of exam, laboratory or library. Even the expenses of books, instruments and uniforms are also taken into account. The caution deposit, refundable deposit or building fund is also considered. The student's travel expenses as well as other necessary costs related with the program are covered by the loan.

Amount of Loan, Margin & Security:
For studying in India, you can apply for a maximum loan of Rs 10 lacs and Rs 20 lacs for studying abroad.
* There is also a margin of 5% and 15% for studying in India and abroad respectively and it is applicable for a loan amount above Rs 4 lacs.
* The borrower needs to keep a guarantee of a 3rd party if a loan amount is above Rs 4 lacs. If the amount exceeds Rs 7.5 lacs, then a collateral security or a third party (if allowed by the bank) should be kept as a guarantee.
* In addition, the student should assign his future income for paying the installments.

Repayment procedure:
The loan can be repaid in 5 to 7 years after the repayment is commenced. The moratorium period is considered till 6 months after employment or the period of study plus 1 year, whichever is earlier.

More details click : http://www.bankofindia.com/Loans.aspx

If you want to pursue higher education in India or abroad, you can avail of the Student Loan scheme or Saraswati Yojana of State Bank of Indore. Also known as Indore Bank, this bank offers several other kinds of personal loan schemes too to cater to customized needs of individuals. As the history goes, State Bank of Indore was earlier named as Bank of Indore Ltd.

Eligibility:

State Bank of Indore has some guidelines for judging eligibility of the applicants.
• An applicant of a loan under Saraswati Yojana will be considered eligible, if he is an Indian National.
• He should also get admission to a professional or technical course through a selection procedure or an entrance test.
• You can also apply if you get admission to a foreign institute.

Amount of Loan & Margin:

The amount of State Bank of Indore education loan is decided on the basis of the requirement of an individual. The maximum amount of loan for studying in India and abroad is Rs 10 lacs and Rs 20 lacs respectively. For a loan amount above Rs 4 lacs, there is a margin of 5% for studying in India and 15% for studying in abroad.

Repayment and Moratorium:

A student loan amount upto 7.5 lacs and Rs 15 lacs for studying in India and abroad respectively should be repaid in 5 to 7 years after repayment is begun. When the loan amount exceeds Rs 7.5 lacs and Rs 15 lacs in the respective cases, it can be repaid in 5 to 10 years after the repayment is begun. The moratorium extends one year over the course period or 6 months after getting employment, whichever happens earlier.

Security:
For borrowing Student Loan of State Bank of Indore, you should know about the security deposit for various loan amounts.
• If you are studying in India or abroad, you need to submit the guarantee of a 3rd party for a loan amount above Rs 4 lacs. For an amount exceeding 7.5 lacs and upto Rs 10 lacs, you can deposit a material collateral security in keeping with the full amount of loan in case you study in India.
• For studies in abroad and on a loan amount exceeding Rs 7.5 lacs and upto Rs 15 lacs, you need to submit a collateral security or guarantee of a 3rd party and assign the future income of the student for paying installments.
• If you take a loan of above Rs 15 lacs and upto Rs 20 lacs from Indore Bank, you need to submit a collateral security matching the full amount of the loan.

For more info click here : http://www.indorebank.org/personal.htm

Karnataka Bank Ltd offers several kinds of personalized services and customized products to its customers. Among the various kinds of loans available with this bank, Vidyanidhi Education Loan Scheme is a well-sought one. Karnataka Bank Education Loans are offered to deserving students who want to pursue higher studies in India or abroad.

Courses:
Vidyanidhi Education Loan Scheme is applicable for studying various kinds of courses.
• You will be considered eligible for the loan if you study graduate, postgraduate or doctoral program in India.
• An applicant can also study diploma program in engineering or professional course in Engineering, Law, Hotel Management, Dental Science, Pharmacy, Agriculture, Management, Medicine, Physiotherapy, CFA, CA or ICWA in India.
• Academic programs by recognized foreign universities, recognized national bodies or reputed institutes like IIM, XLRI, and others in India will also be considered for loan.
• Even other diploma or degree programs certified by UGC, AICTE, ICMR, AIBMS or Government in India are considered eligible for the loan.
• If you study employment-oriented graduate program or post graduate program like MS, MBA and MCA or other courses of CPA in the US or CIMA-London abroad, you can apply for the loan.

Eligibility of Candidate:

• A student needs to be an Indian national to apply for Karnataka Bank Student Loan.
• He should get admission to a professional, technical or other kind of program either in India or abroad
• The applicant needs to be an adult or a minor student represented by his guardian or parent.

Amount of Loan & Margin:
You can apply for a maximum loan amount of Rs 7.5 lacs for studying in India. For studying abroad, you can apply for a maximum amount of Rs 15 lacs.

If you take a loan of above Rs 2 lacs, there is a margin of 25%.

Expenses taken into Account:

Karnataka Bank Student Loan covers several kinds of expenses related to an academic program. Tuition fee, cost of books and other study materials, travel expenses and lodging expense and several other costs are included in the loan. Even fees for exam, library and laboratory as well as caution deposit, refundable deposit and building fund are covered by loan. All other expenses, which are essential for completing the course, are taken into account.

Repayment and Security:
You can repay the loan in 5 to 7 years after repayment is begun.
• Apart from the parent or guardian jointly taking the loan, there should be a guarantor having networth equal to the loan value for borrowing a loan upto Rs 2 lacs.
• If the loan amount exceeds Rs 2 lacs, a parent or guardian should jointly take the loan and a collateral security equal to the loan amount should be submitted.
For more info click here : www.karnatakabank.com/ktk/loans.jsp

Bank of Maharashtra offers several finance schemes and credit facilities to its customers. Students who want to pursue higher studies in India and abroad, can avail of the Education Loan Scheme of Bank of Maharashtra.

Courses:
Various courses are considered eligible for Student Loan of Bank of Maharashtra.
• You can apply for this loan for your school education in India.
• Even for graduate, postgraduate and doctoral programs in India, you can get the loan.
• An applicant planning to study professional courses in streams such as Engineering, Medicine or Agriculture in India can also apply for the loan.
• Certificate courses of recognized institutes or evening programs certified by government in India are eligible for the loan. Specialized programs like CA, ICWA or CFA, program of foreign universities or those of IIM, IISc NIFT and others in India are also considered for loan.
• You will also be considered eligible if you study diploma or degree program certified by UGC, AICTE, government or ICMR in India.
• For studying academic programs by CPA in the US or CIMA-London in abroad, your application can be considered.
• An applicant planning to study employment-oriented professional or technical course or even postgraduate program such as MS, MBA or MCA in abroad, will be eligible for the education loan of Bank of Maharashtra.

Eligibility:

Student Loan of Bank of Maharashtra is sanctioned to those candidates, who are Indian Nationals. You can also apply if you get admission to a professional or technical program through selection procedure or entrance test. An applicant will also be considered eligible if he gets admission to a foreign institute.

Amount of Loan, Margin & Security:

The maximum amount of loan sanctioned by Bank of Maharashtra for studying in India and abroad is Rs 10 lacs and 20 lacs respectively. There is a margin of 5% and 15% on a loan amount above Rs 4 lacs.
Security needs to be submitted by a borrower applying for a loan amount above Rs 4 lacs. The securities can be submitted in the form of one category or in combinations.

Repayment:
The repayment holiday covers 1 year after completing the course or 6 months after getting a job. Once you start repaying the student loan, you can complete repayment in 5 years.

For more info click here : http://www.bankofmaharashtra.in/credit_fac_edu.asp

Bank of Rajasthan is a well-known private sector bank in India. It also deals in specialized forex as well as Industrial finance. With 12 regional offices and 463 online branches, it offers several kinds of credit facilities including education loans for higher studies. Education Loan offered by this bank is quite high in amount as compared to that offered by the nationalized banks in India. Thus, whether you plan to study in India or abroad, you can apply for a high sum of education loan from this bank. If you want to know more about the scheme of Bank of Rajasthan Student Loans, you can go through this page.

Amount of Education Loan of Bank of Rajasthan:
There is a limit to the amount of education loan sanctioned by Bank of Rajasthan.
• A candidate, planning to study in India can apply for a maximum loan amount of Rs 15 lacs.
• The amount is Rs 30 lacs for studies in abroad.

Time of processing and essential documents:

It takes about 15 days to complete the proceedings of a loan and you need to submit mark sheets as well as proof of your admission and educational cost to the bank while applying for the loan.

Repayment Facilities:

You can repay Bank of Rajasthan Student Loans within a time period of 3 to 5 years.

For more information : bankofrajasthan.com

Canara Bank offers a diverse range of personal banking services as well as priority credit schemes suiting the customized needs of an individual. It also has education loan known as Vidyasagar Loan, on offer for meritorious students willing to pursue higher studies in India or abroad.

Courses:
A graduate course or postgraduate program including employment-oriented technical or professional course in India is eligible for the student loan of Canara Bank. All these courses should be offered by colleges or universities approved by UGC, AICTE, IMC and government or other reputed institutes in India. Employment-oriented, technical or professional program at graduate or post-graduate level in abroad, are also considered eligible for Vidya Sagar Loan.

Expenses taken into Account:
Educational Loan of Canara Bank covers expenses of equipment, uniform and instruments as well as that of travel and study. It also includes fees of courses, hostel and exam.

Amount of Loan, Margin & Security:

Educational Loan of Canara Bank is sanctioned on the basis of an individual's requirements. You can get a maximum loan of Rs 10 lacs and Rs 20 lacs for studying in India and abroad respectively.
• For loan amount upto Rs 4 lacs, no margin is charged.
• However, there is a margin of 5% and 15% for studying in India and abroad respectively. This is applicable for a loan amount above Rs 4 lacs.
• Canara Bank education loan is given to both the student and his guardian jointly and the future income of the student is pledged for paying the installments.
• If you take a loan above Rs 4 lacs, you need to pledge guarantee of a 3rd party.
• When the loan amount exceeds Rs 7.5 lacs, you can submit a collateral security equal to the full amount of the loan.

Repayment:
The borrower can begin repaying one year after completing the course or 6 months after getting the job, whichever happens earlier.

The loan amount as well as the interest is to be repaid in 5 to 7 years of time.

For more info : http://www.canarabank.com/English/Scripts/OtherPrioritySectorLoans.aspx

Housing Development Finance Corporation Limited or HDFC Bank started its operations in the year 1995 as a scheduled commercial bank. It is one of the Indian banks, which offer education loans to students willing to pursue higher education in India or abroad.

Candidates Eligibility Required for 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.

Eligible Courses
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.

Features and Benefits offered by HDFC Bank

• The maximum amount of loan granted for education in India is Rs.10 lacs and Rs. 20 lacs for education in abroad. The rate of interest offered is attractive.
• Repayment of loan commences either one year after the course ends or six months after one gets a job. It depends on which one is earlier to the other.
• Tenure of seven years is available for the loans and the customers also get tax benefit.
• The entire procedure is hassle free and approvals are given at the earliest.
• Candidates may also fill and submit the online application form available. The representatives of the bank get in touch with the applicants as soon as possible. Expenses Covered by the Loans
• 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.

For more info click : http://www.hdfcbank.com/personal/loans/educational_loan/educational_loans.htm

Courses Eligible for IDBI Education Loans

There are plenty of courses considered eligible for IDBI Student Loan and the easy repayment options make the loan scheme attractive among the students. Studies in India
• Various graduation, post graduation, professional and computer certificate courses.
• Other courses like CA, ICWA, CFA, courses conducted by reputed institutions like IIT, XLRI, IIT, NIFT, evening courses and those conducted by reputed foreign universities and institutions in India.
• Diploma and degree courses conducted by various universities and colleges which are approved by AICTE, ICMR, AIBMS, Government and UGC.

Studies Abroad
• Undergraduate, postgraduate and courses conducted by CPA in USA and CIMA-London.

Quantum of Loan
The maximum amount of education loan offered for studies in India is Rs.10 lacs and for studies abroad it is Rs. 20 lacs.

Expenses Covered by IDBI Student Loan

The expenses covered by IDBI education loan include fees to be paid for examination and hostel charges, library and laboratory fees, books, instruments, caution deposit, refundable deposit, instruments and building fund. The loan also covers the travel expenses of the students going abroad.

Repayment of IDBI Education Loan
The repayment commences either one year after the completion of the course or six months after one gets employed, whichever happens earlier.
The loan should be paid back within 5 to 7 years.

FOR MORE INFO CLICK HERE : http://www.idbi.com/products/educationalloan.asp

Federal Bank education loans were launched to provide financial assistance to meritorious students willing to pursue their higher education. The bank offers two types of loans namely Federal Vidya Loan and Federal Special Vidya Loan.

Federal Bank Limited founded by Kulangara Paulo Hormis, started its operations with an authorized capital of Rs. 5000. If you want to know more about Federal Bank Ltd, educational loans, then scroll down the page.

Candidate's Eligibility
Candidates applying for Federal Bank student loan should be Indian nationals. Applicants will be considered eligible only if they get admission to various professional or technical courses through merit based selection process or entrance examination.

Courses Eligible for Federal Bank Ltd, Educational Loans
There are various undergraduate and postgraduate courses which are eligible for Federal Bank student loan. The courses should be offered by reputed institutions affiliated to universities and government statutory bodies.

Quantum of Loan

Federal Vidya Loan-The maximum education loan offered under this scheme is Rs.25 lacs. Federal Special Vidya Loan-The maximum education loan offered is Rs.7.5 lacs (Studies in India) and Rs.15 lacs (Studies abroad) respectively.

Repayment of Federal Bank Ltd, Educational Loan Federal Vidya Loan-Eleven years is the maximum time period given for the repayment of loan. Federal Special Vidya Loan-Five to seven years of time is given to the candidates for paying back the loan.

FOR MORE INFO CLICK : www.federalbank.co.in

The bank Oriental Bank of Commerce offers education loans for students who want to pursue higher education in India and abroad.

Candidate's Eligibility
Candidates applying for the Oriental Bank of Commerce education loan should be Indian Nationals and not more than forty five years of age.
An applicant will be considered eligible if he takes admission into the recognized courses, which are approved by recognized bodies.

Courses Eligible for Oriental Bank of Commerce Student Loan
The various courses eligible for the Oriental Bank of Commerce education loan are undergraduate, postgraduate, doctorate, professional and technical courses.
Amount of loan
The maximum amount of loan offered for education in India is Rs.10 lacs. Students taking admission in foreign institutes and universities may apply for a maximum loan amount of Rs.20 lacs.

Security
No collateral security is required for education loans up to Rs.4 lacs but co-obligation of guardian or parents is essential. For loans above Rs. 4lacs and up to Rs. 7.50 lacs no collateral security is required for approval. However, co-obligation of either parents or guardians and one third party guarantee is required for the loan. For loans more than Rs.7.50 lacs, mortgage of immovable property or other security (tangible) is required.

Margin
There is no margin for education loans up to Rs.4 lacs. For education loans above Rs.4 lacs, 5% and 15% are the margins stated for India and abroad respectively.

Repayment
The education loans from Oriental Bank of Commerce should be returned within 84 EMIs. The repayment commences either after six months of getting a job or after one year completion of the course, whichever, seems to be earlier.

For more information click here : https://www.obcindia.co.in/uniquepage.asp?id_pk=30

The education loan offered by Indian Overseas Bank is also known as Vidya Jothi Scheme.

Eligibility of the Candidate
Candidates applying for the education loan from Indian Overseas Bank should be Indian nationals. Students who get admission to various professional and technical courses through merit based selection process or entrance examination are eligible to apply.

Courses Eligible for Indian Overseas Bank Educational Loans

There are various kinds of courses which are eligible for Indian Overseas Bank student loans.
• Loans are available for various graduation, post graduation, computer education and diploma courses offered by recognized universities or government statutory bodies in India.
• Indian Overseas Bank student loan is also provided for technical and professional courses, regular diploma and degree courses as well as courses conducted by reputed foreign universities in India.
• In case of studies abroad, the institutes offering the courses should be approved by the competent authority of the nation.

Quantum of Loan
A maximum of Rs.10 lacs is provided for studying in India and Rs.20 lacs for education abroad.

Margin
For Indian Overseas Bank Student Loan up to Rs.4 lacs there is no margin. However, the margin is 5% and 15% for loans more than Rs. 4 lacs in case of education in India and abroad respectively.

Security

Indian Overseas Bank charges various securities for issuing education loans under Vidya Jothi Scheme.
• For education loans up to Rs.4 lacs co-obligation of parents is required.
• For loans more than Rs.4 lacs and up to Rs.7.50 lacs- collateral security and Co-obligation of parents are needed.
• For loans more than Rs.7.50 lacs, you need to submit tangible collateral security and ensure co obligation of parents.

Repayment of Indian Overseas Bank Student Loan
A maximum time period of five to seven years is given to the students for the repayment of the education loan.

FOR MORE INFORMATION CLICK HERE : http://www.iob.in/vjothi.asp

Candidate's Eligibility

Candidates applying for the education loan need to satisfy certain eligibility criteria as specified by the Punjab and Sind Bank
• Applicants should be Indian Nationals
• Candidates will be considered eligible if they get admission to various courses through entrance examination or a selection process based on merit.

Courses Eligible for Punjab and Sind Bank Education Loans
There are plenty of courses, which are considered eligible for the Punjab and Sind Bank student loan.

Studies in India

• Various graduation, post graduation and professional courses in the areas of Management, Medicine, Dental Science, Veterinary Science, Agriculture and others. Computer certificate courses offered by renowned institutes approved by the Department of Electronics or certified by the University, are also eligible.
• IIM, XLRI, IIT -courses, evening courses, regular diploma and degree courses as well as courses like CFA, ICWA, CA are eligible for the Punjab and Sind Bank student loan.

Studies Abroad
Job oriented graduation courses, post graduation courses and courses conducted by CPA-USA and CIMA-London.

Expenses Covered by Punjab and Sind Bank education loans
The education loan offered by Punjab and Sind Bank covers examination fee, tuition fee, expense of educational tours, hostel charges, cost of purchasing books and refundable deposits.
The loan also includes travel expenses and passage money of students traveling abroad.

Quantum of Finance
A maximum education loan amount of Rs.7.5 lacs and Rs.15 lacs are offered for studies in India and abroad respectively.

Margin
There is no margin for loan amount up to Rs.4 lacs. For education loans above Rs. 4 lacs, the margin is 5% (studies in India) and 15% (studies abroad) respectively.

Security
Punjab and Sind Bank demands various kinds of securities for issuing education loans.
Loans more than Rs.4 lacs- A collateral security
Loans more than Rs. 7.5 lacs- collateral security or guarantee of third party.

FOR MORE INFO CLICK HERE : http://www.psbindia.com/education.php

SBI Study Loans

State Bank of India provides its customers with a variety of personal banking services. SBI, which is actively engaged in Community Services Banking, also offers education loans to students aspiring to continue higher studies. SBI Study Loans are sanctioned only to Indian Nationals. A study loan is sanctioned for studies both in India and abroad.

Courses Eligible for Education Loans:

A candidate, who applies for a program with prospects of employment, can apply for the loan. Whether you apply for a graduate, professional or postgraduate program or any other course sanctioned by UGC, AICTE or the government, you will be considered eligible for the loan.

Expenses taken into account:

• The student loan covers school, college or hostel fees as well as cost for buying books and other necessary items.
• Apart from the library, exam or library fees, even caution deposit, refundable deposit and building fund are considered for the loan.
• Other expenses, which are mandatory for completing the course, travel expense as well as a maximum cost of Rd 50,000 for buying a 2 wheeler, are taken into account.

Quantum of Loan & Security:

An applicant is sanctioned a loan of maximum Rs 10 lacs for studying in India and Rs 20 lacs for studying in abroad. On a loan above Rs 4 lacs, there is a margin of 5% and 15% for studying in India and abroad respectively.
• No security is required for loan amount upto Rs 4 lacs.
• A borrower should present a 3rd party as guarantee for a loan amount above Rs 4 lacs. However, on SBI discretion, this clause of 3rd party guarantee may be waived off in certain cases.
• If you borrow a loan amount above Rs 7.5 lacs, you need to offer a material collateral security and assign the future income of the student for paying installments.
• The guardians or parents of a borrowing student should secure an education loan.
• If the borrower is married, his or her spouse, parents-in-law or parents can act as the co-obligator.

Repayment of Education Loan:

The borrower can begin repaying 6 months after getting job or one year after the course is completed, whichever happens earlier. The loan can be repaid in a period of 5 to 7 years.
Education Loan for ISM students:
Education loans are also offered to the students of ISB. An ISB student can borrow upto 95% of costs. There is also a margin of 5% on the loan amount, which needs to be repaid in 7 years. For detailed information on this loan scheme for ISB students, you can contact the branch at Hyderabad University Campus Branch.

FOR MORE INFO : http://www.sbi.co.in/viewsection.jsp?lang=0&id=0,1,20,118

Candidate's Eligibility

Students, who are Indian national, are eligible to apply for the loan.
Students need to take admission to relevant technical or professional courses through entrance examination or a merit based selection process.

Courses Eligible

Studies in India
• Vijaya Bank education loan is granted to students willing to pursue full time courses (graduation, post graduation, professional courses, doctorate, computer certificate courses affiliated to university or approved by Department of Electronics), courses offered by foreign universities and part time evening courses.
• Various programs conducted by prestigious institutions like IISc, NIFT, IIT, XLRI and IIM
• Professional courses conducted by the ICFAI National College.
• Various courses like CFA, ICWA, CA and others.
• Programs related to pilot training.
• Courses conducted by M/s. Frankfinn Institute of Air Hostess.

Studies Abroad

Vijaya Bank offers education loans to students willing to pursue their higher education in abroad. It provides financial assistance to the students to complete graduation, post graduation and pilot training programs certified by competent authority of a particular nation. It also provides loans to students willing to join the programs offered by CPA in USA and CIMA-London.

Expenses Covered by the Loan

• The education loan helps the students to pay their college, hostel, examination, library and laboratory fees.
• Vijaya Bank student loan also covers the various educational expenses of the students which include travel expenses, cost of books and other necessary articles, refundable deposit, caution money, building fund and also issues DD in favor of CET cell.

Amount of Loan Offered
The maximum amount of loan granted by Vijaya Bank for education in India, is Rs.10 lacs and Rs.20 lacs for study in abroad.

Margin
There is a margin of 5% and 15% (above Rs.4 lacs) for studies in India and abroad respectively.

Security

Vijaya Bank also charges various kinds of security for issuing education loans.
• Loan above Rs.4 lacs to Rs.7.50 lacs -Guarantee of third part (both India and abroad)
• Loan above Rs. 7.50 lacs to Rs.10 lacs (India) and Rs.15 lacs (Abroad)-collateral security.
• Rs. 15 lacs to Rs.20 lacs (Abroad) - collateral security and guarantee of third party.

Repayment of Loan
India A loan amount up to Rs.7.5 lacs needs to be paid back within a period of five to seven years. Five to ten years is the time stated for loans above Rs.7.5 lacs.

Abroad
Five to seven years is the time stated for loans up to Rs.15 lacs. Candidates taking loans above Rs.15 lacs should pay back the sum within a time of five to ten years.

FOR MORE INFO CLICK HERE : VIJAYABANK.COM

Eligible courses

There are certain courses which are eligible for United Bank of India education loan.
• Undergraduate, postgraduate, evening and professional courses.
• Various certificate courses in computer which are approved by the Department of Electronics or institutes certified by the universities.
• Various professional courses offered by the reputed institutes like IISC, NIFT, IIM, XLRI, IIT and others.
• Candidates who want to pursue courses like CA, CFA, ICWA may apply for United Bank of India student loan.
• Courses that are conducted by prestigious foreign universities in India.
• Diploma and degree courses offered by various colleges and universities which are approved by any of the following-AICTE, ICMS, UGC, Govt, AIBMS and others.

Eligible Courses for Studying Abroad
United Bank of India also provides financial assistance to meritorious students willing to pursue their higher studies in abroad. Undergraduate courses, Postgraduate courses and various other courses conducted by CPA in USA and CIMA in London are eligible for the educational loan offered by United Bank of India.
Expenses Covered by the Education Loan

The loan provided includes the fees payable to colleges or institutions, examination fees and even hostel charges. It also includes the cost of purchasing various articles required for the completion of the course. The passage money and travel expenses are also included in the student loan.

Amount of Loan
Candidates applying for the loan should be Indian nationals and need to secure admission through entrance test or a selection procedure in renowned institutions and universities. The maximum amount of loan granted for study in India is Rs. 7.5 lacs. Students willing to study abroad can get education loan up to Rs.15 lacs. There is no margin up to Rs.4 lacs. For a loan amount above Rs 4 lakh, 5% and 15% are the margins for Inland studies and studies abroad respectively.

Repayment of Education Loan

The time given for repayment of education loans is five to seven years. The repayment commences either six months after one gets employed or one year after the completion of the course whichever seems to be earlier.

Security for Education Loan
• Up to 4 lacs-No security is required
• Loan above Rs.4 lacs and up to Rs.5.40 lacs- Third party suitable guarantee is required.
• Loan above Rs.7.50 lacs-collateral security or guarantee of third party.

FOR MORE INFO CLICK HERE : http://www.unitedbankofindia.com/education-loan.asp