Education Loan Loans & Advances

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 […]

Education Loan Loans & Advances

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 […]

Education Loan Loans & Advances

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 […]

Education Loan Loans & Advances

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 […]

Loans & Advances

What is Perpetual Bonds ?

These are securities without any maturity.