Consolidation Student Loans

• STUDENT LOANS from Andhra Bank
• ALLAHABAD BANK STUDENT LOAN Schemes
• BANK OF BARODS STUDENT LOAN Schemes
• HDFC Bank
• HSBC BANK STUDENT LOAN
• Bank of India - Loan for Students
• Oriental Bank of Commerce STUDENT LOAN Schemes
• Canara Bank -Educational Loan
• Catholic Syrian Bank -Educational Loan
• DENA Bank STUDENT LOAN Schemes
• State Bank of India STUDENT LOAN Schemes
• Karur Vyasa Bank STUDENT LOAN Schemes
• STUDENT LOAN - Documents Required By Banks

STUDENT LOAN - Documents Required By Banks

Admission letter ofthe Educational Institute giving details of year wise fee, boarding and lodging expenses. Letter confirming scholarship, if any.

• Attested copies of documents for proof of age/date of birth and proof of residential address.
  
• Passport size photo of the applicant, co-obligants and guarantors.
  
• Copy of marksheets/degree certificates of previous academic qualifications.
  
• Income proof/latest income tax return of parents/co-obligants, guarantors. (if any)
  
• Details of collateral security alongwith valuation certificate of Govt approved valuer (if any).
  
• Details/statements of Bank accounts held by the student applicant/co-obligant(s)/guarantors (if any) for the last six months.
  
• Copy of Passport/Visa, cost of air fare (documentary detail) in case of studies abroad.

Try the links below to easily sign up for ICICI Bank loans on private and business type and understand their policies,requirements,documents etc. Just Sign up to get a lead from them to understand the procedure................

Karur Vyasa Bank STUDENT LOAN Schemes

FEATURES

• Loan available up to Rs. 7.50 lacs in India, for studies abroad max. Rs.15.00 lacs.
• Repayable in 60 to 84 monthly installments ( i.e. 5 – 7 years )

Repayment commences after course period + 1 year or six months after getting a Job which ever is earlier

PERQUISITES FOR ELIGIBILITY

1. Indian National
2. Secured admission to Professional / Technical courses through Entrance Test / Selection Process
3. Secured admission to Foreign University / Institutions

• Rates of Interest
• Up to Rs. 4 lacs - 12.50%
• Above Rs.4 lacs - 13.50%
• No margin up to Rs. 4,00,000/-
• No processing charges or up-front fee
• Suitable collateral security according to the loan amount (for Loan > 4 Lacs)
• No other hidden charges
• Easy procedures

The Details as above are subject to change without notice .

For further details you are requested to contact Karur Vyasa Bank branch or visit Karur Vyasa Bank Student Loan page on the web

Try the links below to easily sign up for ICICI Bank loans on private and business type and understand their policies,requirements,documents etc. Just Sign up to get a lead from them to understand the procedure................

State Bank of India STUDENT LOAN Schemes

A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured.

ELIGIBILITY

All courses having employment prospects are eligible.

• Graduation courses/ Post graduation courses/ Professional courses
• Other courses approved by UGC/Government/AICTE etc.

EXPENSES COVERED FOR STUDENT LOAN

• Fees payable to college/school/hostel
• Examination/Library/Laboratory fees
• Purchase of Books/Equipment/Instruments/Uniforms
• Caution Deposit/Building Fund/Refundable Deposit
• Travel Expenses/Passage money for studies abroad
• Purchase of computers considered necessary for completion of course
• Cost of a Two-wheeler upto Rs. 50,000/-

Any other expenses required to complete the course like study tours, project work etc.

Amount of Loan

• For studies in India , maximum Rs. 10 lacs
• Studies abroad, maximum Rs. 20 lacs

Interest Rate

For loans upto Rs. 4 lakh 10.50% p.a. (Subject to Change)

For loans above Rs. 4 lakh 11.50% p.a. (Subject to Change)

PROCESSING FEE

No processing fee/ upfront charges

• Deposit of Rs. 5000/- for education loan for studies abroad which will be adjusted in the margin money

REPAYMENT TENURE

Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier.

Place of Study	Loan Amount	Repayment Period in Years
In India	Up to Rs. 7.5 lacs	5-7
	Above Rs. 7.5 lacs	5-10
Abroad	Up to Rs. 15 lacs	5-7
	Above Rs. 15 lacs	5-10

SECURITY

Amount	Studies In India	Studies Abroad
Upto Rs. 4 lacs	No Security	No Security
Above Rs. 4 lacs to Rs. 7.50 lacs	Third Party Guarantee	Third Party Guarantee
Above Rs. 7.50 lacs to Rs. 10 lacs( India )/ Rs. 15 lacs(Abroad)	Tangible Collateral security for full value of loan	Tangible Collateral security of suitable value of loan or third party guarantee
Rs 15 lacs to Rs. 20 lacs	___	Tangible Collateral security for full value of loan

MARGIN

• For loans up to Rs.4.0 lacs : No Margin
• For loans above Rs.4.0 lacs:
  • Studies in India : 5%
  • Studies Abroad: 15%
    
    
    Documentation Required

• 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)

* Conditions Apply

Try the links below to easily sign up for ICICI Bank loans on private and business type and understand their policies,requirements,documents etc. Just Sign up to get a lead from them to understand the procedure................

DENA Bank STUDENT LOAN Schemes

Dena Vidya Laxmi Educational Loan Scheme

ELIGIBILITY
· You are an Indian national and have secured admission to a professional or technical course in an Indian or Foreign university.

Simply walk in with the marksheet of the qualifying exam. and proof of admission.

Course Eligibility

Study in India :

Graduation courses, Post-Graduation courses, Masters & PhD, Professional courses.

Study Abroad:

Graduation for professional/ technical courses offered by reputed universities; Post Graduation (MCA, MBA , MS )

Loan Amount

· Upto Rs.7.50 lakhs for studies in India .

· Upto- Rs. 15 lakhs for studies abroad.

Loan takes care of :

• Fee payable to colleges/ schools/ hostels
• Examination/ Library/ Laboratory fees.
• Purchase of books, equipment, instruments and uniforms.
• Passage fare for travel abroad.
• Purchase of computers needed to complete the course.
• Any other expense to complete the course like study tours, project work, thesis etc.

Margin

· Upto Rs. 4 lakhs- NIL for study in India and abroad.

· Above Rs. 4 lakhs- 5% for study in India and 15% for study abroad.

Rate of Interest

Please Check out the Interest Rates Section to find latest Interest Rates applicable

1% INTEREST CONCESSION IF INTEREST SERVICED DURING THE STUDY PERIOD.

SIMPLE INTEREST CHARGED DURING MORATORIUM PERIOD.

Process Fees

NIL

Repayment

Moratorium- Course period + 1 year or 6 months after getting a job, whichever is earlier.

Repayment period- 5-7 years after start of repayment.


Application Form

For any query, Please contact : Email: query.rbd@denabank.co.in

Try the links below to easily sign up for ICICI Bank loans on private and business type and understand their policies,requirements,documents etc. Just Sign up to get a lead from them to understand the procedure................

Catholic Syrian Bank -Educational Loan

Provides financial assistance to deserving students to pursue higher/professional/technical education in India and abroad.

Eligibility

v For School Education including Plus Two, Graduation Courses, Post -Graduation Courses etc

v For Courses of study abroad, the student should be an Indian National who has secured admission to professional courses through Test/selection process , to foreign University institutions.

Purpose

To meet the tuition and other fees, cost of Books, Computers, refundable deposits supported by Bills/Receipts, travel expenses for studies abroad etc.

Quantum of Finance

v Studies in India - Rs. 7.50 lakhs
v Studies Abroad - Rs. 15 lakhs

Rate of Interest

Upto Rs.4 lakhs 11.50% p.a.
Above Rs.4 lakhs 12% p.a.

Security

v Upto Rs. 4 lakhs -Nil
v Above Rs. 4 lakhs -Collateral security of value twice the loan amount.

Margin

v Upto Rs. 4 lakhs - Nil
v Above Rs. 4 lakhs - Study in India-5%, Study abroad-15%

Repayment

To commence after one year of completion of the course or 6months after getting the job, whichever is earlier. Repayment in 5 to 7 years.

Guarantee
Personal Guarantee of parents.

Attractive features
No Processing Fee. 1% rebate on interest during holiday period, if interest is remitted promptly during the period.

For more details, Please visit Catholic Syrian Bank website

Try the links below to easily sign up for ICICI Bank loans on private and business type and understand their policies,requirements,documents etc. Just Sign up to get a lead from them to understand the procedure................

Canara Bank -Educational Loan

(1) Student satisfying DRI norms
(irrespective of quantum of loan)
(DRI:annual income less than Rs 7200 p.a) 4.00%

(2) Others - Upto Rs.4 lakhs 10.75%

Above Rs.4 lakhs 11.75%

For Details, Please visit local branch of Canara Bank or visit Canara Bank website

Try the links below to easily sign up for ICICI Bank loans on private and business type and understand their policies,requirements,documents etc. Just Sign up to get a lead from them to understand the procedure................

Oriental Bank of Commerce STUDENT LOAN Schemes

Eligibility:
Indian nationals not above 45 years of age those who secured admission in a recognized course of an approved university (AICTE approved institutions).

Amount of Loan:
Education in India - Max. Rs.7.50 lacs.
Education Abroad - Max. Rs.15.00 lacs.

Security:
For Loans upto Rs.4.00 lac

• No Collateral Security
• Co-obligation of parents/guardian if student is minor.

For Loans above 4 lacs and upto Rs.7.50 lacs

• No Collateral Security required,
• Co-obligation of parents/guardian
• One satisfactory third party guarantee

Above Rs.7.50 lacs

• Co-obligation of parents/guardian is obligatory.
• Mortgage of immovable property or any other tangible security like pledge of NSC/UTI/LIC (Surrender Value)/Bonds etc. having value at least equal to 100% of loan. Extension of charge on property already mortgaged subject to adequate residual value of security.

Co-obligations of parents is must for loans to students studying abroad irrespective of the amount of loan/age of the borrower.

Margin:
Upto 4 lacs - NIL
Above 4 lacs for education in India - 5%
Education Abroad - 15%

Rate of Interest:
10% per annum

Concession on Rate of Interest :
Simple Interest shall be charged during study/moratorium period. The concession of 1% in rate of interest to be allowed, if interest is serviced regularly during the study/moratorium period.

Repayment:
Within 84 EMIs commencing 12 months after course or 6 months after getting the job, whichever is earlier.

Insurance:
Free Personal Accident Insurance upto Rs.15 lac.

Please visit Oriental Bank Of Commerce Student Loan Site for Further Details

Try the links below to easily sign up for ICICI Bank loans on private and business type and understand their policies,requirements,documents etc. Just Sign up to get a lead from them to understand the procedure................

Bank of India - Loan for Students

1. ELIGIBILITY CRITERIA:

a) Studies in India (Indicative list):

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 Department of Electronics or institutes affiliated to university.

# Courses like ICWA, CA, CFA, etc.

# Courses conducted by IIM, IIT, IISc, XLRI, NIFT, etc.

# Courses offered in India by reputed foreign universities with prior approval of Head Office.

# 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 with prior approval of Head Office.

b) Studies abroad:

# Graduation : For job oriented professional/technical courses offered by reputed universities.

# Post Graduation : MCA, MBA, MS, etc.

# Courses conducted by CIMA - London, CPA in USA, etc.

For Details, Please visit Bank of India website - Educational loans page

Try the links below to easily sign up for ICICI Bank loans on private and business type and understand their policies,requirements,documents etc. Just Sign up to get a lead from them to understand the procedure................

BANK OF BARODS STUDENT LOAN Schemes

Baroda Gyan

A 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.

• Zero processing & documentation charges.
  
  
• Zero Margin on loan upto 4 lacs.
  
  
• Free Debit Card.
  
  
• Drafts required in favour of the school or student will be issued free.
  
  

Terms & Conditions

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 to Universities.
  
  
• Courses like C.A, ICWA, CFA, CS, etc.
  
  
• Courses offered in India by reputed foreign Universities.
  
  
• Evening courses of institutes approved by State/Central/Govt./UGC/AICTE/AIBMS/ICMR/ICAR.
  
  
• Courses offered by National Institutes and other reputed private institutions.

• The College/Institute must have been approved by the State/Central Govt./UGC/AICTE,etc.

Student Eligiblity :

• Should be Resident Indian.
  
  
• Secured admission to either of above courses
  
  
• No minimum qualifying marks.

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 / uniforms.
  
  
• Personal Computers / Laptops wherever required.
  
  
• Caution deposit / building fund / refundable deposit supported by instituion bills / receipts.
  
  
• Any other expenses required to complete the course - like study tours, project works, thesis, etc.

Maximum Loan Amount : Rs.7.50 Lacs.

Margin :

Upto Rs. 4.00 lacs :- NIL

Above Rs. 4.00 lacs :- 5%


• Scholarship/assistantship if any received to be included in the margin.
  
  
• Margin may be broad on year to year basis as and when disbursements are made on a pro rata basis.

Rate of Interest :

• Up to Rs.4.00 lacs - BPLR with monthly rests (Click here for current BPLR)
  
  
• Above Rs.4.00 lacs : BPLR + 1% with monthly rests.
  
  
• Simple interest to be charged at monthly rests during the repayment holiday/moratorium period.
  
  
• Penal interest @ 2% p.a. on overdue amount, if the loan amount exceeds Rs.4.00 lacs.
  
  
• 1% interest concession be provided if interest debited during repayment holiday is serviced.
  
  
• 1% Concession in rate of interest to loans for girl student.

Repayment Holiday/Moratorium Period :

• Course period + 1 year, or
  
  
• 6 months after getting job, whichever is earlier.

Repayment Period :

• The loan is repayable in 5 years after the above period.

Visit Bank of Baroda Student Loan Site for Further Details

Try the links below to easily sign up for ICICI Bank loans on private and business type and understand their policies,requirements,documents etc. Just Sign up to get a lead from them to understand the procedure................

ALLAHABAD BANK STUDENT LOAN Schemes

Eligibility Criteria of Education loan scheme

1. Courses Eligible

1. Studies in India

* School education including plus 2 stage.
* Graduation courses: BA, B.Com., B.Sc., etc.
* Post Graduation courses: Masters & Ph.D.
* 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 like IIM, IIT, IISc, 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 institutions.

2. STUDENT LOAN FOR STUDIES ABROAD

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

2. Eligibility

* Should be an Indian National
* Secured admission to professional/technical courses through Entrance Test/ Selection process.
* Secured admission to foreign university/Institutions.

3. Expenses considered for loan:

* Fee payable to college/ school/ hostel.
* Examination/ Library/ Laboratory fee.
* Purchase of books/ equipment’s
/ instruments/ uniforms.
* Caution deposit/ building fund/ refundable deposit supported by Institution bills/ receipt.
* Travel expenses/ passage money for
studies abroad.
* Purchase of computers-essential for completion of the course.
* Any other expenses required to complete the course- like study tours, project work, thesis etc.

Quantum of Finance

Need based finance subject to repaying capacity of the parents/students with following margin and ceilings.

Studies in India - Maximum Rs.7.50 lacs

Studies abroad - Maximum Rs.15.00 lacs

For further details, Please visit Allahabad bank Education Loan Site

Try the links below to easily sign up for ICICI Bank loans on private and business type and understand their policies,requirements,documents etc. Just Sign up to get a lead from them to understand the procedure................

STUDENT LOANS from Andhra Bank

Qualifying Marks Exempted

Quantum of Loan: Maximum - Rs.7.50 Lacs for studies in India. Rs. 15.00 Lacs for Studies Abroad

Purpose of Loan :

To meet cost of Tution fee, Hostel fee,Examination fee, Books, Project work, Study tours, and Refundable deposits.

PLUS

AIR PASSAGE AND MAINTENANCE, FOR ABROAD STUDIES.

Margin :
- Upto Rs.4.00 Lacs Exempted
- Above Rs.4.00 Lacs 5% In India 15% for Abroad Studies.

Security:
- Upto Rs.4.00 Lacs--Exempted
- Above Rs.4.00 Lacs--Collateral Security of suitable value

Interest:
Upto Rs.4.00 Lacs--@PLR
Above Rs.4.00 Lacs--@PLR+1%
(PLR at present:12%)

INTEREST WILL BE CHARGED ON SIMPLE BASIS DURING STUDY PERIOD.

AB-CALS (AB – CAREER ADVANCEMENT LOAN SCHEME) EDUCATIONAL LOANS TO EMPLOYEES FOR HIGHER STUDIES
CRITERIA

GUIDELINES

Quantum of loan Actual fees payable subject to a maximum of Rs.7.50 lacs
Computer Computer can be given for all the courses with a maximum of Rs. 50,000/- including printer, within the over al limit.

Margin 10%

Rate of Interest
upto Rs.2.00 lacs at PLR/PTLR 11.50/11.75%w.e.f 11.11.2002
Exceeding Rs.2.00 PLR/PTLR + 1.00% 12.50/12.75%w.e.f 11.11.2002
Repayment No change. Repayable in 60 monthly instalments commencing after one month from the date of advance

Security

Security of value equal to the loan amount, in the form of:
# NSCs , KVP - face value
# LIC Policy - surrender value
# Govt. securities, Debentures
# Gold
# Bank deposit
# Building / flat - standing in the name of applicant or 3rd party. In case the property belongs to 3rd party, he should stand as coobligant.

Coobligation NOT REQUIRED
Employment & balance of service No change.Applicant should be permanent employee of Government / Public Sector Companies / Corporations / reputed private Companies with 10 years of Balance of service
Acceptance of employer No objection certificate from the employer for prosecuting higher studies and to avail loan from the Bank
Undertaking from employer No change. However, in the cases where salary is being routed through the branch, undertaking from the employer may be waived, subject to Employer not to permit shifting of salary account without Bank's consent.

Undertaking from the employer No change.Employer should also undertake to adjust the dues to the Bank from out of terminal benefits of the employee, in the event of his/her resignation/ retirement/ discharge from service.

Prevailing Interest rates apply
Loan for educated youth for taking up employment abroad

* Maximum loan amount is Rs.1,00,000/- to meet Air passage and initial expenses as per Foreign Exchange rules.
* Applicant should be a Indian National
* Applicant should be a Graduate/Post Graduate
* Should be below 30 years of age
* Should hold a letter of offer from the overseas employer, valid Passport & Visa
* security as applicable to AB-CALS Schemes.
* Prevailing Interest rates apply

Interest Rates for the above scheme.
Quantum of finance Interest rate
Rs.25,000 to Rs.2.00 lacs PLR
Above Rs.2.00 lacs PLR + 2.75%
Current PLR is 12.00 %

Link : http://www.andhrabank-india.com

Try the links below to easily sign up for ICICI Bank loans on private and business type and understand their policies,requirements,documents etc. Just Sign up to get a lead from them to understand the procedure................