.:: Andhra Bank - Loan for Studies in India ::.

Eligibility:

Must be an Indian National
Must be over 18 years of age but within 30 years
Secured admission to Professional/ Technical courses through Entrance Test/ Selection Process.
No minimum qualifying marks.

Eligible Courses:

School Education/ Intermediate/ Graduation Courses/ Post Graduation Courses/ Professional Courses: Engineering/ Medical/ Agricultural/ Veterinary/ Dental/ Physiotherapy/ Nursing/ Law/ Management/ PGDRIM/ ICWA/CA/CFA/IIM/ IIT/IISC/XLRI/NIFT and other courses approved by State/ Central Government.
All other courses leading to diploma/ degree etc., conducted by colleges/ universities approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc., and offered by National Institutes and other reputed private institut

Quantum of Finance:

Need based finance subject to repaying capacity of the parents/ students with a maximum of Rs. 10.00 lacs.

Margin:

Upto Rs.4,00,000/- ......................... NIL
Above Rs. 4,00,000/- ......................... 5%

Interest Rate in India:

Upto 4, 00,000.........................12%,
Above Rs 4,00,000……………………………13.5% pa

Mode of Disbursement:

The loan amount should be released in proportion to the number of years, depending upon the progress of the student.
The scholar should produce a certificate from the competent authority for successful completion of academic year for further releases.

When to Apply:

After getting Admission in college/institute.

For more details : Click here