#1
9th April 2016, 12:24 PM
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Ms Loans
Hello buddy I am from UK and pursuing MS now I need the educational lone so can anyone provide me the list of the banks which offers Ms Loans ??
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#2
9th April 2016, 12:25 PM
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Re: Ms Loans
Here is the name of banks- State Bank of India- The State Bank of India offers the SBI Student Loan Scheme for Indian nationals to pursue their education abroad. The education loan for studying abroad is provided for job oriented professional, technical Graduation Degree courses, or Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc offered by reputed universities. For studying abroad, the maximum amount of loan given is Rs. 30 lacs and the repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier. The repayment period varies from up to 10 years to up to 12 years depending on the loan amount. Allahabad Bank- The Allahabad Bank offers education loans to Indian nationals who secure admission to professional or technical courses in recognized institutions abroad through entrance test or merit based selection process after completion of HSC (10 plus 2 or equivalent). The study abroad courses eligible for the Allahabad Bank Education Loan are: Graduation: For Job oriented professional or technical courses offered by reputed universities Post Graduation: MCA, MBA, MS etc Courses conducted by CIMA London, CPA in USA etc Punjab National Bank (PNB)- The PNB offers the PNB Saraswati scheme for providing education loan to praiseworthy students to pursue higher professional and technical education in India and abroad. The major pointers of the PNB education loanscheme are: Courses approved: Quantum of Finance: up to 20 lacs Graduation: For job oriented professional or technical courses offered by reputed universities. Post graduation: MCA, MBA, MS, etc. Courses conducted by CIMA - London, CPA in USA etc. Degree or Diploma courses like aeronautical, pilot training, shipping etc. provided these are recognized by knowledgeable regulatory bodies abroad for the purpose of employment in India or abroad. Repayment period: up to 10 years for loans of Rs. 7.50 lacs or below and up to 15 years for loan above Rs. 7.50 lacs Margin of 15% for loan above Rs. 4 lacs Syndicate Bank- The Syndicate Bank’s comprehensive Education Loan Scheme, SyndVidya, provides need based finance to cover expenses related to education such as fees payable to college, hostel, examination, library, laboratory fees, caution deposit, building fund, or refundable deposit up to 10% of tuition fee, cost of books, equipments, travel expenses for studies abroad etc. Only capitation fees, donation or external coaching fee are not covered. The loan scheme has a maximum limit of Rs.20 lacs for overseas courses. The study abroad courses eligible for the SyndVidya scheme are: Graduation: for job oriented professional or technical courses offered by reputed universities Post-graduation: MCA, MBA, MS etc Courses conducted by CIMA-London, CPA in USA etc |
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