Results 1 to 2 of 2

Thread: Banks providing higher education loans in india

  1. #1
    Join Date
    Aug 2006
    Posts
    267

    Banks providing higher education loans in india

    hello , i have completed my graduation and now i am planning to MBA, Can any Indian bank provide higher education loans to help cover the cost of my education ? i would also like to their terms and condition of that bank.
    Intel E6300 Allendale 1.86 Ghz
    GigaByte GA 965P DS3 LGA 775
    Sapphire Radeon X1800XT 256MB
    Corsair XMS2 TWIN2X 2 x 1GB RAM
    Antec TruePower 2.0 TP-II 550 Watt

  2. #2
    Join Date
    Aug 2008
    Posts
    452

    Re: Banks providing higher education loans in india

    Government of India in consultation with Reserve Bank of India (RBI) and Indian Banker's Association (IBA) has framed a Comprehensive Educational Loan Scheme to ensure that no deserving student in the Country is deprived of higher education for want of finances. The new scheme covers all type of courses including professional courses in schools and colleges in India and abroad.

    The Salient features of the scheme are as under:

    1. The scheme envisages loans up to Rs.7.5 lakh for studies in India and up to Rs. 15 lakh for studies abroad.

    2. For loans up to Rs. 4 lakh no collateral or margin is required and the interest rate is not to exceed the Prime Lending Rates (PLR). For loans above Rs. 4 lakh the interest rate will not exceed PLR plus 1 percent.

    3. The loans are to be repaid over a period of 5 to 7 years with provision of grace period of one year after completion of studies

    To know the rules, regulations, eligibility conditions, repayments and interests rates etc visit the below listed Banks Official Website .

    Bank of Baroda- www.bankofbaroda.com

    Bank of India - www.bankofindia.com

    Bank of Maharashtra - www.maharashtrabank.com

    Panjab National Bank - www.pnbindia.com

    State Bank of India - www.sbi.co.in

Similar Threads

  1. Overview of education through India
    By Shailu in forum Education Career and Job Discussions
    Replies: 6
    Last Post: 18-12-2012, 03:54 PM
  2. The Cost of Education in India keeps getting higher
    By ronaldobrazil in forum Education Career and Job Discussions
    Replies: 9
    Last Post: 09-07-2012, 11:31 AM
  3. Replies: 4
    Last Post: 12-05-2011, 06:55 PM
  4. Higher Education 2009 Conference
    By Educated in forum Education Career and Job Discussions
    Replies: 0
    Last Post: 21-02-2009, 08:24 AM
  5. Education Loans in India & Abroad Offered by UCO Bank
    By Mr. Gupta in forum Education Career and Job Discussions
    Replies: 0
    Last Post: 02-02-2009, 11:14 PM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Page generated in 1,708,914,809.46949 seconds with 17 queries