Will I get an educational loan ???

1. What all courses/ programs are eligible ?
2. What is the maximum loan limit ?
3. What percent of money should I bring on my own ?
4. Any security needed ?
5. Eligibility for student to study in India and abroad
6. .... Be prepared to be surprised !!!

Eligibility for student to study in India and abroad

Student Eligibility

Should be an Indian National.
Secured first class and wish for admissions in Professional / Technical / Other Courses
of various studies.
Secured admission to foreign University Institutions.
Any Student who has attained the age of 18 years or Parent of the Student can avail the loan.
Eligible course of study

Studies in India

School education / Graduation / Post Graduation Courses.**
Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
Courses like ICWA, CA, CFA etc
Courses conducted by IIM, IIT, IISc, XLR1, NIFT etc.
Courses offered in India by Reputed Foreign universities.

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.
** When the age of the student is below 18, Loan may be sanctioned to his parents
by complying the relevant condition mentioned further below.

Expenses considered for Loan

Fee payable to College / School / Hostel.
Examination / Library / Laboratory fee.
Purchase of Books / Equipments / Instruments / Uniforms.
Caution Deposit / Building Fund / Refundable Deposit supported by Institution Bills / Receipts.
Travel expenses / passage money for studies abroad.
Purchase of computers - essential for completion of the course.
Any other expense 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 margin and the following ceilings: For Studies in India - Max. Rs.7.50 Lakhs, For Studies
Abroad - Max. Rs.15.00 Lakhs.

Margin
Up to Rs. 4.00 Lakhs - Nil.
Above Rs.4.00 Lakhs - Study in India - 5%.