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Educational Loans
Central Bank of India
Author : bindu
Category : Educational Loans
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Student Loans

Central Bank of India

Cent Vidyarthi Scheme

Purpose :

Aims at bringing Education within the reach of students and help them improve their prospects in life.

Courses Approved:

For pursuing Graduate/Post-Graduate, Management/Job-oriented courses, Professional Courses of recognized Universities / reputed Institutes, Computer courses conducted by NIIT, APTECH, CMC, C-DAC with duration of one year and more.

For pursuing Post-Graduate course in Science, Technology, Medicine, Engineering, Management courses, Law, Accountancy leading to Master`s degree or Post-Graduate Diploma in recognized University abroad.

Eligibility:

Should have consistent good academic record in previous examinations with marks over 60 % in 10 th. & 12th or first grade in other cases. (For SC/ST Second class will be sufficient).

Amount of Loan:

  • India Upto Rs.7.50 lakh
  • Abroad Upto Rs.15 lakh

Margin:

Up to Rs.4 lakh …………………………. No Margin
Over Rs.4 lakh - In India ………………..5%
Studies Abroad……………………………15%
(Relaxation of loans upto Rs.50, 000/-for SC/ST)

Rate of interest:

Upto Rs.4 lakh…………………….PLR
Above Rs.4 lakh…………………..PLR + 1%

Website:www.centralbankofindia.co.in


 

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