Education Loan In India Oriental Bank Of Commerce

Hii sir, I Wants to get the Information About the Education Loan Scheme of the Oriental Bank Of Commerce ?

[pawan]

As you Asking for the Information About the Education Loan Scheme of the Oriental Bank Of Commerce the Information is given below

Purpose :

To provide financial support to meritorious students for pursuing higher studies in India & abroad with affordable terms & conditions.

Eligibility Criteria

Student who is / has: -
1. An Indian national.
2. Meritorious student
3. Secured admission to a higher education course in an institute recognized by a statutory body in India or abroad through entrance test/ merit based selection process after completion of HSC (10+2 or equivalent)

Study Courses In India
1. Approved courses leading to Graduate/ Post Graduate degree and Post Graduate diplomas conducted by recognized Colleges / Universities approved / accredited by Government of India/ State Government/ UGC / Government /AICTE /AIBMS / ICMR or Regulatory bodies.
2. Courses like I.C.W.A., C.A., C.F.A., etc.
3. Courses conducted by IIMs, IITs, IISc, XLRI, NIFT, NIDetc.
4. Approved courses offered in India by reputed foreign universities
5. Evening courses of approved / accredited institutes
6. Computer Certificate courses of reputed institutes accredited to the Deptt. of Electronics or Institutes affiliated to Universities.

Amount of loan
Up to Rs. 10.00 Lacs for studies in India
Up to Rs. 20.00 Lacs for studies abroad

Margin
Up to Rs. 4.00 Lacs NIL
Above Rs. 4.00 Lacs
5% For studies in India
15% For studies Abroad

Interest Rates

Above Rs.4.00 Lacs &
Upto Rs.7.50 Lacs
Third Party Guarantee BR + 3.00% = 12.70%
Immovable Property or Tangible Assets BR + 1.75% = 11.45%
Above Rs.7.50 Lacs BR + 1.75% = 11.45%
Scheme for Vocational Education & Training BR + 2.50% = 12.20%
For Category A institutions BR = 9.70%
For Category B institutions BR + 0.50% = 10.20%

For more Detials you may Visit the Nearest branch of the Oriental Bank Of Commerce