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PUNJAB NATIONAL BANK
Punjab National Bank offers personalized educational loans for various kinds of academic programs.
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.indra Insurance.
Eligibility:
PNB has laid down a set of eligibility criteria for
sanctioning the education loans.
·
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.
·tudent applying for a graduate program
can also get the loan if he obtains at least pass marks in the qualifying exam.
STATE BANK OF
INDIA LOAN
SBI Education Loans: SBI offers education loan for eligible courses,
graduation courses, PG courses, Professional courses and other courses approved
by UGC/ Government/ AICTE etc. Interest Rates, Documents required, Expenses
considered for loan and repayments options of education loan.
A term loan granted to Indian Nationals for pursuing higher
education in India or abroad where admission has been secured.
SBI Education Loan Amount of Loan
·
For studies in India, maximum Rs. 10
lacs
·
Studies abroad, maximum Rs. 20 lacs
Documents required for SBI Education Loan
·
Completed Education Loan Application
Form.
·
Mark sheets of last qualifying
examination
·
Proof of admission scholarship,
studentship etc
·
Schedule of expenses for the
specified course
·
2 passport size photographs
·
Borrower’s Bank account statement for
the last six months
·
Income tax assessment order, of last
2 years
·
Brief statement of assets and
liabilities, of the Co-borrower
·
Proof of Income (i.e. Salary slips/
Form 16 etc)
BANK OF BARODA
Bank of Baroda Gyan: Bank of
Baroda Gyan 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.
Terms and Condition:
Courses Eligible:
·
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
toUniversities..
·
Other courses leading to diploma /
degree etc. conducted by
colleges/universities approved by UGC/Govt./ AICTE/ AIBMS/ ICMR 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.
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