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Canara Bank

Vidya Turant Reviews, Collateral Free Education Loan by Canara Bank

Collateral Free Education Loan by Canara Bank, Vidya Turant Reviews, Eligibility & Apply Online - Public Sector Canara Bank is offering Collateral...

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Education Loan

SBI Foreign Education Loan – TCS Rate on Remittance

TDS on SBI Foreign Education Loan Remittance kicks in from October 1. The SBI tweet said that the  Tax Collection at Source (TCS)...

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Education Loan

Whether Vocational Courses eligible for Education Loan ?

Vocational / skill development study courses, off-campus courses and on-site/partnership programmes are not eligible for loan under the IBA scheme.

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Education Loan

What is the Eligibility Criteria For Education Loan in India ?

Student eligibility: The student should be an Indian National.Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test/Merit Based Selection process after completion of HSC(10 plus 2 or equivalent). However, entrance test or selection purely based on marks obtained in qualifying examination may not be the criterion for admission to some of the post graduate courses or research programmes. In such cases, banks will have to adopt appropriate criteria based on...

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Education Loan

What are the Course Eligible For Education Loan ?

Courses Eligible : a) Studies in India: i) Approved courses leading to graduate/ post graduate degree and P G diploma conducted by recognized colleges/ universities recognized by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc. ii) Courses like ICWA, CA, CFA etc. iii)Courses conducted by IIMs, IITs, IISc, XLRI. NIFT, NID D etc. iv)Regular Degree/Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation/Shipping, if the course is pursued in India. v)Approved courses offered in India by...

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Education Loan

What is the Quantum of Finance Under Education Loan ?

Need based finance to meet the expenses worked out as per eligible expenses referred above will be considered taking in to account margins as per Sl no 5 mentioned below subject to the following ceilings: -Studies in India -Maximum upto 10 lakhs. -Studies Abroad -Maximum upto 20 lakhs. Note: The ceilings fixed for studies in India and Abroad correspond to the limits fixed by the RBI for treatment as priority sector lending. It would, however, be open to banks to...

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Education Loan

How To Get Education Loan for Nursing Courses ?

The Indian Nursing Council gives permission to Nursing colleges to start new courses for a period of 1 year which is renewed on a yearly basis. The practice of renewing the permission is done on a year-to-year basis for both the existing nursing colleges as well as the new nursing colleges. Banks could consider applications from student borrowers seeking education loan for pursuing nursing courses in these institutions which are having provisional approval / recognition.

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Education Loan

How To Get Education Loan By NRI’s ?

Requests received from NRIs can be considered if student is Indian passport holder and they meet other eligibility requirements. However, it would be necessary to accept as security any collateral which is enforceable in India.

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