Eligibility- State Bank of India:
The applicant should be an Indian national, should have secured admission in a reputed /recognized institution for higher studies in India or abroad

Eligible courses-State Bank of India:
Graduation/Postgraduation/ Professional Courses, computer courses approved by CMC, DOEACC, C-DAC, Hotel Management by NCHMCT, post graduate courses overseas etc.

Purpose of loan State Bank of India:
To assist deserving and meritorious students in pursuing higher studies in India or abroad.

Amount :
Rs 7.5 lacs for studies in India and Rs,15 lacs for studies abroad

Margin -State Bank of India:
Upto Rs. 4 lacs; No margin
Above Rs.4 lacs : Studies in India : 5% , Studies abroad : 15%

Security -State Bank of India :
Upto Rs 4 lacs no security. Above Rs. 4 lacs: collateral security equal to 100% of loan amount or guarantee of third person known to the bank and good for the loan amout.

Purpose of Educational Loan-Bank of India:
Pursuit of studies In India and abroad

Approved Courses:
Graduate and post-graduate courses in engineering, computer technology, medicine etc. All vocational courses/job oriented diploma courses, recognised by govt and universities. Similar courses pursued in universities abroad. Full time post graduate research in any of the aforesaid subjects.

Eligibility to Buy loan in Bank of India:
Should be a citizen of India. For vocational training courses and job oriented course age of the individual should be between 15-28 years, and 18-30 in case of post graduate courses and/or studies abroad. The applicant should have a good academic record. For studies abroad, the candidate should have secured admission in a particular university after having appeared in the specific entrance examinations. The applicant should have secured a minimum of 50% marks in the major subject. In case of SC/ST candidates eligibility norms may be relaxed.
Amount of loan-Bank of India:
The loan could vary depending on the specific subject requirement. For studies abroad Rs15 lakhs. For studies in India Rs 7.5 lakhs.

Margin
Upto Rs 4lakhs -nil
For Studies in India- 5%
For studies abroad-15%

Repayment of loan in Bank of India :
Within 15 years from the first date of disbursement, including moratorium period

School education including plus 2 stage.
Graduation courses : BA, B.COM., B.Sc. ,etc.
Post Graduation courses : Masters & PhD.
Professional courses : Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.

Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to university.
Courses like ICWA, CA, CFA etc
Courses conducted by IIM, IISc, IIT, XLRI NIFT etc.
Courses offered in India by reputed foreign universities.
Evening courses of approved institutes.
Other courses leading to diploma/ degree etc. conducted by colleges Universities approved by UGC/ Govt/AICTE/ AIBMS/ICMR etc.
Courses offered by National Institutes and other reputed private institutions. [Banks may have the system of appraising other institution courses depending on future prospects/recognition by user institiutions.]

b. Studies abroad :

Graduation:
For job oriented professional technical courses offered by reputed universities.
Post graduation: MCA, MBA, MS, etc.
Courses conducted by CIMA- Loan on, CPA in USA etc.

Eligibility to Get Loan-Dena Bank:
The student should be: An Indian National
Have secured admission to professional/ technical courses through Entrance Test /Selection process.
Secured admission to foreign university/Institutions.

Amount of loan-Dena Bank:
Need based finance subject to repaying capacity of the parents/students with margin and the following ceilings.

Studies in India - Maximum Rs.7.50 lacs.
Studies abroad - Maximum Rs.15 lacs.

Margin :
Inland (studies in India)
Upto Rs. 4 lacs : Nil
Above Rs. 4 lacs : Studies in India : 5%
Studies Abroad : 15%

Scholarship/assistantship to be included in margin. Margin may be brought in on year-to-year basis as and when dibursements are made on a pro-rata basis.

Period of loan in Dena Bank

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

The loan to be repaid in 5-7 years after commencement of repayment. If the student is not able to complete the course within the scheduled time, extension of time for

Completion of course may be permitted for a maximum period of 2 years. If the student is not able to complete the course for reasons beyond his control, Sanctioning Authority may, at his discretion, consider such extensions as may be deemed necessary to complete the course.

The accrued interest during the repayment holiday period to be added to the principal and repayment in Equated Monthly Instalments(EMI) is fixed. 1% interest concession may be provided for loanes if interest is serviced during the study period when repayment holiday is specified for Interest/repayment under the scheme.

PROCESSING CHARGES in Dena Bank :

No processing/upfront charges are charged by the bank on Educational loans.

Tuition and other fees
Maintenance costs, books and equipment etc.
Cost of passage (for studies abroad)

Eligibility to get Loan in State Bank of Hyderabad

For School / College education in India.

Minimum second division (Pass marks for SC/ST)
Parents / guardians (Including persons engaged in agriculture / allied activities having independent regular source of income.

Loan Amount-State Bank of Hyderabad

School / College education in India: (Upto 6 times the monthly net (take home) income of the parents / guardian. Minimum loan of Rs. 4,000/- Maximum Rs. 1lac.
Technical / Professional higher studies in India and Abroad 90% of the cost of study, subject to maximum of Rs. 8lacs.

Margin : 10%

Interest Rate :
At competitive rates on reducing balance only. Please check-up for latest rates at your nearest branch Interest is compounded at quarterly basis.

Period of Loan-State Bank of Hyderabad

For School / College Education in India: Loans to be repaid in a period of 36months, commencing immediately after disbursal, by the parents / guardian.
For Technical / Professional higher studies in India and abroad: The loan is to be repaid is 60 months after the completion of the course of securing job, whichever is earlier. Regular periodic repayment as much as possible should be made during the period of study. Quarterly interest should be paid regularly.
Permitted without any penalty.

Courses approved : Studies in India
Graduation Courses in recognised universities leading to degrees like B.A., B.Sc, B.Com, B.Tech, B.E., MBBS etc.

Diploma/Certificate courses from recognised universities or Govt. recognised institutes in disciplines of Engineering, Medicine, Agriculture, Computer, Tourism, Hotel Management and such other technical/professional courses.

Chartered Accountancy and Cost & Work Accountancy from the Institute of Chartered Accountants of India and Institute of Cost & Works Accountants of India respectively.

Post Graduate Courses leading to degrees like M.A., M.Sc., M.E., M.Tech, MBA, M.S. M.D. etc.

Post Graduate Research studies in Pure & Applied Sciences, Economics and other Social Sciences etc. in a recognised university leading to Doctoral Degree.

Studies Abroad :
Full time Post Graduate or Doctoral Programmes in Engineering, Medicine, Technology (Pure & Applied Sciences), Agriculture, Computer Science, Business Administration, Economics and other Social Sciences.

Amount of loan-UCO Bank
Actual Loan Amount will be determined as per requirements of the student subject to maximum of Rs.4 lakh. The loan amount under the scheme would consider meeting the following expenses:

Course Fees
Hostel/Boarding Fees
Cost of Books/Journals
Stationery & Equipment required for the course
Examination Fees
In addition to above, for studies abroad, cost of air passage may be considered if requested by the student.

Vijaya Bank

Eligibility to get Loan from Federal Bank Ltd:
Under this scheme the loan can be sanctioned to any student of Indian nationality who intends to join any of the approved courses in an Educational Institution recognised by the government or any University in India or Abroad.

Courses Approved Federal Bank Ltd:
A - Category:- Academic courses such as Diploma, Graduate/Post-Graduate courses in Arts, Science and Commerce etc.,
B - Category:- Professional courses such as Diploma, Graduate/Post-Graduate courses in Engineering, Medicine, Dental Science, Agricultural Science, Veterinary Science, Computer Science, Nursing, Pharmacy, Business administration, Law etc.,

Type of Loan-Federal Bank Ltd:
The loan account shall be operated as a term loan. To facilitate flexibility in operation, future debits on account of recurring expenses in each semester/year can be made to this account.

Margin-Federal Bank Ltd:
The margin is NIL for courses in India. For foreign studies a minimum margin of 10% is to be insisted on.

Amount of Loan-Federal Bank Ltd: (Rs in Lakhs)

Place of studies
In India : Minimum 0.50 Lakhs , Maximum 5.00 Lakhs
Abroad : Minimum 0.50 Lakhs , Maximum 10.00 Lakhs

Rate of Interest in Federal Bank Ltd:
Upto Rs.5 lakhs 13.5 %
Above Rs.5 lakhs 14.5 %

Period of Loan in Federal Bank Ltd:
The period of the loan consists of the period required for the completion of the course and that meant for repayment of the loan. The repayment should begin within 12 months on the completion of the course or after the student secures employment whichever is earlier.

Maximum period of the loan : 11 Years
Minimum period of the loan : 3 Years

Eligibility to get Loan from Andhra Bank:
You are eligible for the education loan if you fulfill the following criteria: A student who has secured admission or is already studying in any IIM, IIT, Indian Institute of Science, Bangalore, Jamnalal Bajaj Institute of Management, Mumbai, XLRI Jamshedpur, Roorkee Engineering College or Indian School of Mines, Dhanbad.

Amount of Loan-Andhra Bank:
The loan will be in the form of a package which will cover entire tuition fees, hostel and mess charges, library fees or any other fees / charges payable to the institution subject to a maximum of Rs 2.50 lacs.

Period of loans-Andhra Bank:
Loans repayable In 48 Equated Monthly Installment (EMI).The EMI will commence one year after the completion of the course or whenever is earlier. The interest, however, will be realised during the pendency of the loan on a quarterly basis.

Rate of Interest in Andhra Bank: (Daily Reducing Balance) (subject to change as per RBI guidelines)
Upto 2,00,000/- 12.5% p.a.
Above Rs 2,00,000 to Rs 2,50,000/- 16% p.a.

Eligibility to get Educational Loan from Union Bank of India:
High school graduate, college graduate /post graduate. For job oriented courses: MBA,MCA, MS etc.

Course eligibility :
School education including +2 stage, professional courses, management courses etc.

Studies abroad :
Job oriented professional/technical courses, postgraduation: MCA. MBA, MS etc.

Courses conducted by :
CIMA London, CAP USA etc.

Amount-Union Bank of India :
Rs 7.5 lacs for studies in India and Rs,15 lacs for studies abroad.

Purpose of Loan-Union Bank of India :
For poor and needy students to undertake higher professional/technical education.

Margin-Union Bank of India :
No margin may be insisted upon for loan upto Rs 4.00 lacs. However, for loans of higher amounts, the margin requirement may be 5% for inland studies and 15% for studies abroad Scholarship/assistance to be included in margin

Margin may be brought in on year-to-year basis as and when disbursement are made on a pro-rata basis.

Security-Union Bank of India :
No collateral security will be insisted upon for loans upto Rs 4.00 lacs. However, for loans above this amount, collateral security of suitable value or co-obligation of parents/guardians/third party along with the assignment of future income of the student for payment of installments is required.

An LIC Policy/Convertible Whole Life Assurance Policy for a sum not less than loan amount be taken out in the name of the student and got assigned in Bank’s favour.

Interest rate-Union Bank of India:
Upto Rs 4 lacs --- PLR
Above Rs 4 lacs --- PLR + 1%
Simple interest will be calculated during Repayment holiday / Moratorium period

Repayment-Union Bank of India:
Repayment holiday/moratorium: course period +1 year or 6months after getting a job. Loan repayment to be completed within 5-7 years after commencement of repayment.

Interest rate in Syndicate Bank:
Upto Rs 4 lacs: PLRminus1%
Above Rs 4 lacs: PLR minus 1.5 %

Repayment of loan in Syndicate Bank:
In 5-7years commencing one year after completion of the course or 6 months after securing a job whichever is earlier.

Purpose to get Educational Loan from Central Bank:
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 recognised 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 recognised University abroad.

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

Amount of Loan-Central Bank:
India Upto Rs.7.50 lakh
Abroad Upto Rs.15 lakh

Margin-Central Bank:
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-Central Bank:
Upto Rs.4 lakh PLR
Above Rs.4 lakh PLR + 1%

Purpose of Educational Loan-Punjab National Bank
PNB's Education Loan Scheme is designed to provide better educational opportunities to bright and needy students and brings within their reach all types of education (general, professional, technical and vocational courses).

The scheme enables all types of needy students (viz. students of plus 2 stage, graduation courses, post graduation courses, Masters & Ph.Ds, professional, technical , engineering, medical, veternary, law, dental, management, computer, vocational courses, courses like ICWA,CA,CFA, courses conducted by IIM, IIT, IISc, NIFT, courses offered in India by reputed foreign universities and all other types of courses offered by Govt./Semi-Govt/private institutions in order to meet the costs for their studies in India and abroad. Such courses would include regular, part time and correspondence courses. The costs include admission fees, books & stationery, instruments required for the course, monthly fees, examination fees, insurance premium for policy on life of the borrowing student, caution deposit/building fund/refundable deposit supported by bills/receipts, expenses like study tours/project work/thesis etc. required to complete the course, boarding and lodging expenses, and travel expenses/passage money including air fare for joining the course abroad.

Eligibility to get Educational Loan from Punjab National Bank:
Indian nationals, in the age group of 16-40 years. For part time computer courses, applicants in the age group of 16-45 years are eligible. Applicants whose guardians have been appointed by the court, should not be less than 21 years; such students should have already passed at least one public examination.
Parents/guardian should have regular source of income to the extent that they are able to repay the loan in case of need/unforeseen circumstances. There is no stipulation of ceiling on annual income of the parents/guardians.
loyed persons intending to better their prospects can also avail loan for improving their educational qualifications and/or receive training in modern technology in India/ abroad provided the education/training received by them in India/abroad affords prospects for their better employment. For such persons, 'NO OBJECTION CERTIFICATE' from their employers is a pre-requisite.

Amount of Loan-Punjab National Bank
This is co-related to expenses involved in taking up the course and the expected earnings after qualifying, subject to a maximum of:

For studies in India: Rs. 7.50 lacs
For studies abroad: Rs.15.00 lacs
In case of part time computer courses, the extent of loan should not exceed Rs. 50,000/- per annum or fee fixed by the particular institution (as per prospectus less concession, if any), whichever is less.

Rate of Interest-Punjab National Bank
Loan upto Rs. 4 lac : 12.00% p.a. *
Loan over Rs. 2 lac upto Rs. 15 lac 13.00% p.a. *
Loan over Rs. 15 lac 15% p.a.*
*This is subject to change from time to time.

The Interest shall be charged at simple rate from the date of disbursement till the commencement of repayment of loan and thereafter, compound Interest will be charged on reducing balance basis. 1/2% interest concession may be provided for the loanes if the interest is serviced during the study period.

Margin: NIL

Period of loan-Punjab National Bank
Principal and Interest is repayable in 84 monthly instalments. Repayment will commence after two years of the completion of studies by the borrower or one month after his/her getting employment, whichever is earlier.

Courses approved in Indian Universities:
For Professional Courses i.e. B.E., B.Tech., M.B.B.S. Post Graduate Courses i.e. M.E., M.Tech., M.S., M.D., M.B.A., M.C.A., etc. recognized by AICTE for part time / on-line distance learning courses (subject to terms & conditions).

Courses approved in Foreign Universities
For Graduate/Post Graduate/Research/Doctorate studies that insist on TOEFL, GRE, GMAT scores.

Eligibility to get Educational Loan in Industrial Development Bank of India-IDBI:

Indian Universities:
For Graduate courses : at least 75% in the +2 stage.
For Post Graduate Courses : first class graduates.

Foreign Universities: Proof of TOEFL, GMAT, GRE score card, and 1-20 admit card.

Age of the applicant should not be more than 30 years for Indian Universities and 35 for Foreign Universities. Age of the parent / Guarantors should be below 55 Years. The annual income of the family should not be less than Rs. 3 lakhs.

Amount of loan - Industrial Development Bank of India-IDBI:
For Indian Universities, actual tuition and other fees, but not exceeding Rs. 5 Lakh for the entire duration of the course.

For Foreign Universities, considering that in addition to fees, there are travel / preparatory expenses, the loan amount shall not exceed Rs. 15 Lakh, in all.

Approved courses:
Computer Courses: Part-time/Full-time in Institutes approved by Government of India (Department of Electronics) Duration of the course: Minimum - 12 months : Maximum - 48 months

Amount of loan-Indian Bank:
For Computer Courses: Maximum : Rs.1.00 lac
For other professional courses: Maximum : Rs.3.50 lacs

Margin-Indian Bank:
Upto Rs.2.00 lacs : 10%Upto Rs.3.50 lacs : 15%

Rate of Interest-Indian Bank:
Upto Rs.2.00 lacs : 12%Above Rs.2.00 lacs upto Rs.3.50 lacs : PLR +1% (i.e. 13.5%)

Period of loan-Indian Bank:
Initial holiday period of 6 months after the completion of the course or immediately on getting a job whichever is earlier For limits upto Rs.1.00 lac : 42 months For limits upto Rs.3.40 lacs : 60 months

For Studies Abroad - Scheme Highlights
Course of Study-Indian Bank: Any Graduate/Post-graduate courses with good employment prospects. The period of study should not exceed 5 years.

Amount of Loan-Indian Bank: Maximum - Rs.10.00 lacs.

Margin:
Upto Rs.5.00 lacs : 15%Above Rs.5.00 lacs : 25%

Rate of Interest: PLR + 1.5% (i.e. 14%)

Period of loan-Indian Bank: Interest to be serviced every quarter. Repayment of principal to commence 6 months after the completion of the course or immediately on getting a job whichever is earlier. For limits upto Rs.10.00 lacs - Maximum 96 months

Courses Approved - Higher studies
Diploma / Graduate / Post-graduate courses in the faculties of Engineering, Technology, Architecture, Medicine, Dental Science, Agricultural Science, Veterinary Science and Computer courses accredited by DOEACC.

Limit Amount of loan (in Indian Rupees-) State Bank of Mysore:
School / College going students in India 10000 to 1.00 lac
Higher Education- In India 10000 to 7.50 lacs
Higher Education- Abroad 10000 to 15.00 lacs

Margin - State Bank of Mysore
Upto Rs. 4.00 lacs -------- nil
Above Rs. 4.00 lacs
For studies in India -- 5%
For studies abroad -- 15%

Interest Amount Rate of interest State Bank of Mysore (wef 01/06/2001)
Upto Rs. 4.00 lacs 12.50%
Above Rs. 4.00 lacs 13.50%

Period of Loan -State Bank of Mysore
Completion of course + 1 year or 6 months after getting a job, whichever is earlier.

The interest to be debited quarterly / half yearly on simple basis during the repayment holiday / moratorium period.

Penal interest @2% will be charged for amount above Rs.4 lacs for the overdue amount and overdue period.