Central bank of India education loan details - 2014-2015 StudyChaCha

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  #1  
Old May 5th, 2012, 11:39 AM
Devesh agnihotry
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Default Central bank of India education loan details

Hello sir, would you give me complete detail of education loan of Central bank of India like application availability, loan return condition and interest charges by Central bank of India for its education loan?
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  #2  
Old May 5th, 2012, 05:15 PM
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Default Re: Central bank of India education loan details

Looking for the Details of Education loan of Central Bank of India…
Central bank of India provides loan to poor and needy so that they can take up basic education.
Education Loan can be applied for studies in India and abroad for graduation, post graduation, diploma / degree courses, etc.

We are providing you the link also to register Online for Educational. You just have to fill the Personal details asked.

centralbankofindia.co.in/site/Submit_loan.aspx

Thank you
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  #3  
Old March 16th, 2014, 02:58 PM
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Default Re: Central bank of India education loan details

Central Bank of India is a government-owned bank, is one of the oldest and largest commercial banks in India. Its headquarter is situated in Mumbai.
The educational loan scheme aims at providing financial assistance on reasonable terms :
To poor and needy to undertake basic education.
To student/employed persons to pursue higher education

Eligibility Criteria:
Studies in India :

School education including 10+2 stages.
Professional courses - Engineering, Medical, Agriculture, Veterinary, Law,
Dental, Management, Computer etc.
Computer Certificate course of reputed institutions accredited to
Graduation courses - B.A., B.Com., B.Sc. etc
Post Graduation courses - Masters & Ph.D.
Department of Electronics or Institutions affiliated to University.
Courses like ICWA, CA, CFA, etc.
Other courses leading to Diploma/Degree etc. conducted by Colleges/Universities approved by UGC/Govt./AICTE/ICMR etc.
Courses conducted by IIM, IIT, IISc, XLRI, NIFT etc.
Courses offered in India by reputed Foreign Universities.
Evening courses of approved institutions.

Studies Abroad:
Graduation: For job oriented professional/technical courses offered by the reputed Universities.
Post Graduation Courses: MCA, MBA, MS. etc.
Courses conducted by Chartered Institute of Management Accountants - London, Chartered Public Accountant (CPA) - USA etc.

Students Eligibility Criteria:
Must be an Indian National.
Candidate should be in the age group of 16 to 40 yrs
Secured admission to Professional/Technical courses through Entrance Test/Selection Process.
Secured admission to the Foreign University/Institutions.

Expenses Considered for Loan
Fee payable to College/School/Hostel.
Caution deposit/building fund/ refundable deposit.
Travel expenses/passage money for studies abroad.
Examination/Library/Laboratory fee.
Purchase of books/equipments/instruments/uniforms .
Purchase of computers - essential for completion of the course.

Quantum of Finance
Studies in India – Max. Rs. 7.50 lacs
Studies Abroad – Max.Rs. 15.00 lacs

Margin
Up to Rs. 4 lacs - No margin
Above Rs. 4 Lakhs In India 5%
Abroad 15%
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