The document summarizes the BBA in International Finance and Accounting program. The 3-year degree program focuses on finance and accounting concepts at the international level. Students learn skills like financial analysis, budgeting, and accounting reports. To be eligible, candidates must have passed 10+2 with a minimum of 50% in any discipline. Graduates have job opportunities in both public and private sectors with salaries ranging from Rs. 2 lacs to Rs. 8 lacs annually working in roles like finance accountant, cost accountant, or financial analyst.
This document provides information about obtaining education loans in India. It notes that education costs have increased significantly, necessitating loans for many students pursuing higher education. Education loans in India can range from Rs. 3 lakhs to Rs. 25 lakhs, depending on the course and institution. Interest rates typically range from 12-15% and loans cover tuition as well as other education expenses. Co-signers are usually required and repayment begins 6 months to 1 year after completing their studies. Larger loans over Rs. 7.5 lakhs may require collateral like a property. The major banks that offer education loans in India are listed at the end.
Shahjalal University of Science & Technology - Study MBBS in Bangladesh 2020Select Your University
‘Select Your University’ presents the new opportunity to learn MBBS in Bangladesh in the form of Shahjalal University of Science & Technology, Sylhet. Check out the features of the university to take admission to medicine.
The document summarizes the long term loan policy of Punjab and Maharashtra Bank. It discusses the types of long term loans offered which include home loans, mortgage loans, business loans, personal loans, and education loans. For each loan type, it provides details on eligibility, loan amount, interest rates, repayment periods, required collateral and guarantees. It concludes with a graphical representation showing the growth in long term loans advanced by the bank from 2009 to 2013.
Funding overseas education can be challenging, but there are several options available. Public sector banks offer education loans from 15-30 lakhs with interest rates of 9-14% and a grace period before repayment starts. Non-banking financial institutions provide loans from 7.5-50 lakhs without collateral. For self-funding, options include creating a sinking fund account 5 years in advance, choosing an affordable country/program, applying for scholarships, working early to save, and exploring part-time work opportunities abroad.
To open a demat account, one must obtain an application form from a Depository Participant registered with the Depository and SEBI. The application requires submission along with PAN card and proof of address. Upon signing an agreement detailing rights and duties, the DP will open an account and provide a 16-digit demat account number. This number allows purchases and investments to be added to the account, and sales to be deducted. Demat accounts allow paperless trading of securities in electronic form.
The document summarizes the BBA in International Finance and Accounting program. The 3-year degree program focuses on finance and accounting concepts at the international level. Students learn skills like financial analysis, budgeting, and accounting reports. To be eligible, candidates must have passed 10+2 with a minimum of 50% in any discipline. Graduates have job opportunities in both public and private sectors with salaries ranging from Rs. 2 lacs to Rs. 8 lacs annually working in roles like finance accountant, cost accountant, or financial analyst.
This document provides information about obtaining education loans in India. It notes that education costs have increased significantly, necessitating loans for many students pursuing higher education. Education loans in India can range from Rs. 3 lakhs to Rs. 25 lakhs, depending on the course and institution. Interest rates typically range from 12-15% and loans cover tuition as well as other education expenses. Co-signers are usually required and repayment begins 6 months to 1 year after completing their studies. Larger loans over Rs. 7.5 lakhs may require collateral like a property. The major banks that offer education loans in India are listed at the end.
Shahjalal University of Science & Technology - Study MBBS in Bangladesh 2020Select Your University
‘Select Your University’ presents the new opportunity to learn MBBS in Bangladesh in the form of Shahjalal University of Science & Technology, Sylhet. Check out the features of the university to take admission to medicine.
The document summarizes the long term loan policy of Punjab and Maharashtra Bank. It discusses the types of long term loans offered which include home loans, mortgage loans, business loans, personal loans, and education loans. For each loan type, it provides details on eligibility, loan amount, interest rates, repayment periods, required collateral and guarantees. It concludes with a graphical representation showing the growth in long term loans advanced by the bank from 2009 to 2013.
Funding overseas education can be challenging, but there are several options available. Public sector banks offer education loans from 15-30 lakhs with interest rates of 9-14% and a grace period before repayment starts. Non-banking financial institutions provide loans from 7.5-50 lakhs without collateral. For self-funding, options include creating a sinking fund account 5 years in advance, choosing an affordable country/program, applying for scholarships, working early to save, and exploring part-time work opportunities abroad.
To open a demat account, one must obtain an application form from a Depository Participant registered with the Depository and SEBI. The application requires submission along with PAN card and proof of address. Upon signing an agreement detailing rights and duties, the DP will open an account and provide a 16-digit demat account number. This number allows purchases and investments to be added to the account, and sales to be deducted. Demat accounts allow paperless trading of securities in electronic form.
The document discusses the key aspects of depository participants (DPs) and demat accounts in India. It explains that DPs act as intermediaries between investors and depositories like NSDL and CDSL. It provides an overview of the demat account opening process, transactions involved, and services provided like dematerialization, rematerialization, pledging of shares, and nomination facilities.
INCOME INEQUALITY AND REGIONAL INDEX OF FINANCIAL INCLUSION FOR ISLAMIC BAN...ISEFID
1) The document discusses income inequality and the regional index of financial inclusion for Islamic banks in Indonesia. It finds that financial inclusion is low on average across provinces, with only a few provinces like Central Java and East Java having high availability of banking services.
2) An analysis of banking usage shows only Bangka Belitung has high usage, while most provinces have low usage. The overall financial inclusion index values across provinces support this, with Java having the highest and Eastern regions the lowest.
3) There is a positive relationship found between the financial inclusion index and income inequality levels as measured by the Gini index, indicating that greater access to and usage of Islamic banking services could help reduce inequality.
This document contains a questionnaire with 38 questions regarding NRI banking in India. The questions cover topics such as the types of accounts NRIs can open, whether they can maintain multiple accounts or open joint accounts, deposit requirements and interest rates, tax implications, investment options, power of attorney rules, and procedures for returning Indians.
To open a savings bank account, you must first decide how much money you want to deposit initially, which should meet the bank's minimum deposit requirement. You then fill out an application form providing your name, occupation, address, and signature. The form also requires someone who already has an account to introduce you. After submitting the completed form and depositing the initial amount, the bank will assign an account number.
RBI invites application form for RBI Grade B Officer.Check detailed Notification like Eligibility, Job Profile, Join the discussion on RBI assistant recruitment exam 2016-17 & get all the updates from our Bank PO section.
To open a bank account, you need to provide proof of identity such as a passport, driver's license, PAN card, voter ID, Aadhaar card, or NREGA card, which can also serve as proof of address if it contains your address. If your address proof shows a different address than your current address in Mumbai, you can still open an account by declaring your Mumbai address. Banks require proof of identity and address for Know Your Customer compliance to properly identify customers. If you do not have valid documents, you can open a small account by submitting your photo and signature, but it will have restrictions like lower balance and transaction limits. Alternatively, you may be able to open a full-function account if
1) Thailand faces challenges with high household debt levels compared to income and low participation in the capital markets. Only 8.2% of Thais have access to capital markets and 32% of trading accounts are actively used.
2) Thailand is taking a proactive approach to promote financial inclusion through mobile applications and websites to reach the potential 52 million internet users in Thailand.
3) Solely providing disclosure documents is not effective as many investors do not read, understand or care about the documents. Financial education needs to be provided through the right channels using the right language at the time when investors need to make decisions.
An educational loan is financial support provided by banks and financial institutions to students for pursuing higher education. The document outlines the process for applying for educational loans including filling out an application, providing documents, undergoing approval or denial, and loan disbursal. It also discusses repayment options, interest rates, tax benefits, consequences of defaulting, and details specific educational loan programs from the State Bank of India and ICICI Bank.
This document provides information about education loans in India. It discusses what education loans are, how they were introduced, and the model education loan scheme developed by the Indian Banks' Association. It outlines the key factors of education loans including eligibility criteria, courses covered, documents required, expenses covered, loan amounts, interest rates, repayment terms, and tax benefits. It also briefly mentions the issues of non-performing assets and advantages and disadvantages of education loans.
Student Loan in SBI is a term loan. And, this loan is granted to Indian Nationals for pursuing higher education in India or abroad. Where they have secured admission.
For more info visit http://www.moneymaya.in/category/students-loan/
How To Get an Education Loan Without Collateral For Studying Abroad | GyanDhanYogender Panchal
Get education loan without collateral. GyanDhan offers education loan without collateral for abroad studies. Find more about the benefits of our Banking & Non-Banking financial partners. Checkout here!!
This document provides information about an education loan offered by SBI. It details the eligibility requirements, courses covered, expenses covered, loan amounts, interest rates and required documents. Students pursuing higher education in India or abroad can receive loans up to Rs. 10 lacs or Rs. 30 lacs respectively. Interest rates start from 8.45% and loan repayment begins 1 year after course completion over 15 years. Documentation includes proof of identity, residence, income, admission and academic records.
This document summarizes the key details about education loans provided by banks in India. It covers topics like expenses covered by education loans, eligible loan amounts, repayment terms, interest rates and concessions, tax benefits, required documents, consequences of defaulting, advantages and disadvantages of education loans, and how loan terms differ between banks. The document provides information to help students understand and apply for education loans to fund their higher education goals.
The document summarizes the long term loan policy of Punjab and Maharashtra Bank. It discusses the types of long term loans offered which include home loans, mortgage loans, business loans, personal loans, and education loans. For each loan type, it provides details on eligibility, loan amount, interest rates, repayment periods, required collateral and guarantees. It concludes with a graphical representation showing the growth in long term loans advanced by the bank from 2009 to 2013.
If you want to take loan for education then you can take it from Bajaj Housing Finance with good scheme and benefits. For more information on education loan, you can see our presentation. Visit:- https://www.bajajhousingfinance.in/loan-against-property-for-education
This document provides an overview of education loans in India. It defines education loans and outlines their purpose of helping students pay for higher education costs. It discusses eligibility criteria, documents required, expenses covered, loan amounts and interest rates. It also analyzes trends in education loan disbursal and non-performing assets. Key factors to consider when choosing an education loan like interest rates, repayment periods and security requirements are also summarized. The conclusion emphasizes the importance of education loans while advising students to carefully compare loan options.
These days the cost of higher education is very high due to which education loan in India is one of the highest appreciating domains, and it requires a substantial quantum of funds. Bajaj Finserv offering loan against property for education as the most financially prudent solution for numerous individuals who want to fund their children’s education at some of the top institutions in this country.
SBI offers several education loan options for Indian students pursuing studies abroad, including the SBI Global Ed-Vantage loan for amounts over 20 lakh rupees. Key features of the SBI Global Ed-Vantage loan include maximum amounts between 20 lakh to 1.5 crore rupees, interest rates between 8.3-9.3%, maximum tenure of 15 years, and a moratorium period during studies plus 6 months. GyanDhan is an education marketplace that helps students apply for SBI education loans and facilitates the application process.
Detailed presentation on education loan system in India- eligibility criteria, application process, rate of interest charged and repayment options. Advantages and disadvantages of borrowing loan.
Education Loan in India : A financial boon for studentsRahul Singh
There are banks that charge minimal processing fees or give special extra concession to girl students, for instance does not charge any processing fees for Education Loan in India to student’s studying within India but for students pursuing loans for abroad studies.
Education loan-scholarship-guide study-guideindia.comSuresh A
Central Government facilitates education loans through nationalized banks to help students fund their education. Education loans can be used for any level of education, including school, graduation, post-graduation, and doctorate programs in India or abroad. To qualify for an education loan, applicants must be Indian citizens with admission to a course and meet certain academic criteria. Banks approve loans based on the course, institution, loan amount needed, academic performance, repayment capacity, family income, and assets. Loans cover tuition and other education-related expenses. Interest rates are typically between 10-15% with a grace period after graduation to find employment before repayment begins.
The document discusses the key aspects of depository participants (DPs) and demat accounts in India. It explains that DPs act as intermediaries between investors and depositories like NSDL and CDSL. It provides an overview of the demat account opening process, transactions involved, and services provided like dematerialization, rematerialization, pledging of shares, and nomination facilities.
INCOME INEQUALITY AND REGIONAL INDEX OF FINANCIAL INCLUSION FOR ISLAMIC BAN...ISEFID
1) The document discusses income inequality and the regional index of financial inclusion for Islamic banks in Indonesia. It finds that financial inclusion is low on average across provinces, with only a few provinces like Central Java and East Java having high availability of banking services.
2) An analysis of banking usage shows only Bangka Belitung has high usage, while most provinces have low usage. The overall financial inclusion index values across provinces support this, with Java having the highest and Eastern regions the lowest.
3) There is a positive relationship found between the financial inclusion index and income inequality levels as measured by the Gini index, indicating that greater access to and usage of Islamic banking services could help reduce inequality.
This document contains a questionnaire with 38 questions regarding NRI banking in India. The questions cover topics such as the types of accounts NRIs can open, whether they can maintain multiple accounts or open joint accounts, deposit requirements and interest rates, tax implications, investment options, power of attorney rules, and procedures for returning Indians.
To open a savings bank account, you must first decide how much money you want to deposit initially, which should meet the bank's minimum deposit requirement. You then fill out an application form providing your name, occupation, address, and signature. The form also requires someone who already has an account to introduce you. After submitting the completed form and depositing the initial amount, the bank will assign an account number.
RBI invites application form for RBI Grade B Officer.Check detailed Notification like Eligibility, Job Profile, Join the discussion on RBI assistant recruitment exam 2016-17 & get all the updates from our Bank PO section.
To open a bank account, you need to provide proof of identity such as a passport, driver's license, PAN card, voter ID, Aadhaar card, or NREGA card, which can also serve as proof of address if it contains your address. If your address proof shows a different address than your current address in Mumbai, you can still open an account by declaring your Mumbai address. Banks require proof of identity and address for Know Your Customer compliance to properly identify customers. If you do not have valid documents, you can open a small account by submitting your photo and signature, but it will have restrictions like lower balance and transaction limits. Alternatively, you may be able to open a full-function account if
1) Thailand faces challenges with high household debt levels compared to income and low participation in the capital markets. Only 8.2% of Thais have access to capital markets and 32% of trading accounts are actively used.
2) Thailand is taking a proactive approach to promote financial inclusion through mobile applications and websites to reach the potential 52 million internet users in Thailand.
3) Solely providing disclosure documents is not effective as many investors do not read, understand or care about the documents. Financial education needs to be provided through the right channels using the right language at the time when investors need to make decisions.
An educational loan is financial support provided by banks and financial institutions to students for pursuing higher education. The document outlines the process for applying for educational loans including filling out an application, providing documents, undergoing approval or denial, and loan disbursal. It also discusses repayment options, interest rates, tax benefits, consequences of defaulting, and details specific educational loan programs from the State Bank of India and ICICI Bank.
This document provides information about education loans in India. It discusses what education loans are, how they were introduced, and the model education loan scheme developed by the Indian Banks' Association. It outlines the key factors of education loans including eligibility criteria, courses covered, documents required, expenses covered, loan amounts, interest rates, repayment terms, and tax benefits. It also briefly mentions the issues of non-performing assets and advantages and disadvantages of education loans.
Student Loan in SBI is a term loan. And, this loan is granted to Indian Nationals for pursuing higher education in India or abroad. Where they have secured admission.
For more info visit http://www.moneymaya.in/category/students-loan/
How To Get an Education Loan Without Collateral For Studying Abroad | GyanDhanYogender Panchal
Get education loan without collateral. GyanDhan offers education loan without collateral for abroad studies. Find more about the benefits of our Banking & Non-Banking financial partners. Checkout here!!
This document provides information about an education loan offered by SBI. It details the eligibility requirements, courses covered, expenses covered, loan amounts, interest rates and required documents. Students pursuing higher education in India or abroad can receive loans up to Rs. 10 lacs or Rs. 30 lacs respectively. Interest rates start from 8.45% and loan repayment begins 1 year after course completion over 15 years. Documentation includes proof of identity, residence, income, admission and academic records.
This document summarizes the key details about education loans provided by banks in India. It covers topics like expenses covered by education loans, eligible loan amounts, repayment terms, interest rates and concessions, tax benefits, required documents, consequences of defaulting, advantages and disadvantages of education loans, and how loan terms differ between banks. The document provides information to help students understand and apply for education loans to fund their higher education goals.
The document summarizes the long term loan policy of Punjab and Maharashtra Bank. It discusses the types of long term loans offered which include home loans, mortgage loans, business loans, personal loans, and education loans. For each loan type, it provides details on eligibility, loan amount, interest rates, repayment periods, required collateral and guarantees. It concludes with a graphical representation showing the growth in long term loans advanced by the bank from 2009 to 2013.
If you want to take loan for education then you can take it from Bajaj Housing Finance with good scheme and benefits. For more information on education loan, you can see our presentation. Visit:- https://www.bajajhousingfinance.in/loan-against-property-for-education
This document provides an overview of education loans in India. It defines education loans and outlines their purpose of helping students pay for higher education costs. It discusses eligibility criteria, documents required, expenses covered, loan amounts and interest rates. It also analyzes trends in education loan disbursal and non-performing assets. Key factors to consider when choosing an education loan like interest rates, repayment periods and security requirements are also summarized. The conclusion emphasizes the importance of education loans while advising students to carefully compare loan options.
These days the cost of higher education is very high due to which education loan in India is one of the highest appreciating domains, and it requires a substantial quantum of funds. Bajaj Finserv offering loan against property for education as the most financially prudent solution for numerous individuals who want to fund their children’s education at some of the top institutions in this country.
SBI offers several education loan options for Indian students pursuing studies abroad, including the SBI Global Ed-Vantage loan for amounts over 20 lakh rupees. Key features of the SBI Global Ed-Vantage loan include maximum amounts between 20 lakh to 1.5 crore rupees, interest rates between 8.3-9.3%, maximum tenure of 15 years, and a moratorium period during studies plus 6 months. GyanDhan is an education marketplace that helps students apply for SBI education loans and facilitates the application process.
Detailed presentation on education loan system in India- eligibility criteria, application process, rate of interest charged and repayment options. Advantages and disadvantages of borrowing loan.
Education Loan in India : A financial boon for studentsRahul Singh
There are banks that charge minimal processing fees or give special extra concession to girl students, for instance does not charge any processing fees for Education Loan in India to student’s studying within India but for students pursuing loans for abroad studies.
Education loan-scholarship-guide study-guideindia.comSuresh A
Central Government facilitates education loans through nationalized banks to help students fund their education. Education loans can be used for any level of education, including school, graduation, post-graduation, and doctorate programs in India or abroad. To qualify for an education loan, applicants must be Indian citizens with admission to a course and meet certain academic criteria. Banks approve loans based on the course, institution, loan amount needed, academic performance, repayment capacity, family income, and assets. Loans cover tuition and other education-related expenses. Interest rates are typically between 10-15% with a grace period after graduation to find employment before repayment begins.
Need an education loan to fund your abroad studies? Avanse provides education loan for students planning for their higher studies abroad. To know more visit : http://www.avanse.com/studying-abroad/
An Overview of Education Loan Eligibility in IndiaSnehaShah80
On the academic front, banks require that a student should have cleared all relevant exams and secured admission to a university. This is a prerequisite for education loan eligibility. Additionally, banks also check to ensure that the applicant has maintained a good and steady academic record. For instance, they might check the student’s SSC and HSC marks to ensure that they scored a minimum of 50% in each. A constant record is reassuring proof that the student will go abroad and continue the effort and be more likely to pay the loan back.
Education Loan helps students to fulfil their dream. But every students should know about all terms and conditions of education loans. In this slides, we have mentioned 6 points about the education loan which will help to you to pursue your education loan.
It is a common misconception that working in bank is one of the most boring occupations in India
https://sites.google.com/view/apurva-kanase-blog/entrance-exam/rbi-exam
This document provides information about Allahabad Bank, including its history, international operations, savings account details, loan products, and fixed deposit schemes. Some key points:
- Allahabad Bank was established in 1865 and is one of the oldest joint-stock banks in India. It has international operations in China and Hong Kong.
- For savings accounts, interest rates are 4% yearly. Accounts can be opened with minimum deposits of Rs. 500 or Rs. 1000 for cheque book/debit card.
- Loan products include housing, education, vehicle, and other loans. Interest rates vary by loan type and amount.
- Fixed deposit schemes have minimum periods of 15 days up to a maximum of 10 years.
This document provides information on education loan management systems. It outlines eligibility criteria for education loans, including courses and expenses covered, loan amounts and margins, repayment terms, and other conditions. Key points covered are:
- Education loans are intended to provide financial support for deserving students pursuing higher education.
- Loans of up to Rs. 10 lakhs are available for studies in India and up to Rs. 20 lakhs for abroad, with margins required above Rs. 4 lakhs.
- Eligible courses include degrees, diplomas, and professional certifications approved by government bodies. Expenses like fees, books, equipment are covered.
- Loans are repaid over 5-7 years after a 1
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Gender and Mental Health - Counselling and Family Therapy Applications and In...PsychoTech Services
A proprietary approach developed by bringing together the best of learning theories from Psychology, design principles from the world of visualization, and pedagogical methods from over a decade of training experience, that enables you to: Learn better, faster!
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আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
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Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumMJDuyan
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𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞 𝐄𝐏𝐏 𝐂𝐮𝐫𝐫𝐢𝐜𝐮𝐥𝐮𝐦 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐚𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
Communicating effectively and consistently with students can help them feel at ease during their learning experience and provide the instructor with a communication trail to track the course's progress. This workshop will take you through constructing an engaging course container to facilitate effective communication.
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
2. • The Educational Loan Scheme gives you loan upto 9 lakhs for
Indian studies and upto 21 lakhs for abroad studies. These
figures are not constant in nature for banks. State bank of India
is availing an upper limit of 20 lakhs and in recent days. Indian
bank give loan upto 15 lakhs for education in India and up to 30
lakhs for study overseas.
3. Criteria for Loan
The eligibility criteria of the bank to obtain an educational loan from
any bank of India:-
• Students must be Indian
• The student should have secured admission to professional/
technical courses through entrance test/selection process
• The Student secured admission to foreign university
4. Documents Required
• You need to keep the following documents in place before applying
for an educational loan emi calculator:
• Mark statements of all qualifying documents.
• Proof of admission to the course.
• Complete Schedule of exam.
• Letter of confirmation.
• Foreign Exchange permits.
5. • Two passport size photographs.
• Bank statement.
• Income tax receipt.
• Brief statements of assets and liabilities of the borrower.
• If you don't have existing bank account, then you need to open it.
6. Repayment
• Loans are repayable in 5 to 7 years. Repayment of both principal
and interest will start after one year after completion of the
course or six months after getting employment.
7. Margin
• If the course cost is up to 4 lakhs, nil for both studies in India
and abroad. If the course cost is above 4 lakhs, 5% for inland
studies and 15% for studies abroad.
8. Percentage of Interest
• The Rate of interest is 11% up to INR 4 Lacks. For Above INR 4
Lacks are charges 12%.
9. Protection
• Requirements Changes from Bank to Bank
• Upto INR 4 lakhs, No collateral security.
• Loan above INR 4 lakhs and up to INR 7.5 lakh. Security in the
form of satisfactory third party guarantee.
• Loan above INR 7.5 lakhs.
• (a) Collateral protection of suitable
• (b) Co-obligation of parents/guardians/third Party along with
assignment of future Income of the student for payment of
Installments.
10. Service of process Charges
• Most of the Indian banks do not charge any processing fee or
upfront charges. The State Bank of India accepts a deposit of
INR 5000 for education loan for studies abroad, which is
adjusted in the margin money.
11. Capability Security
• If you are going abroad to study, some of the foreign universities
require you to submit a certificate from your bankers about the
sponsor's solvency/financial capability with a view to ensure that
your sponsors are capable of meeting the expenses till
completion of studies.
Finally, you need to hit on the right bank with the right
educational loan scheme to suit your needs.