- Maximum Amount for India : Rs 100000
- Maximum Amount Overseas: Rs 500000.
- Documents to be submitted: Bank documents, Academic records.
Interest Rate in India :
Upto 4,00,000…………………………………12%,
Above Rs 4,00,000……………………………13.5% pa..
Interest Rate for Overseas:
Loans Upto 400000…………………………….12%,
Above Rs 400000……………………………….13.5% pa.
Collateral and Third Party Guarantee are required.
Tenures:
Maximum of 5 years.
Eligibility:
1st class marks in previous exams and selected for professional course.
Repayment 1 year after completion of course or 3 months after getting a job whichever is earlier.
When to Apply:
After getting Admission in college/institute.
Time taken to process documents:
1 Week
Contact:
Delhi Tel: 3350248, Bangalore Tel: 2242932, Chennai Tel: 4991868, 4994294, Hyderabad Tel: 4756023-25, Kolkata Tel: 2471359, Mumbai Tel: 2046160, 2047620.
Website:www.andhrabank.in