South Indian Bank Education Loan

I want the education loan from the South Indian Bank for doing my higher studies. Can you please tell me the terms and condition to get the South Indian Bank Education Loan? Also provide me the application form of the South Indian Bank for taking Education Loan?

Hi sir I want to known about the South Indian Bank Education Loan Scheme For Meritorious candidate please give me limit of it?

[Quick Sam]

South Indian Bank Limited (SIB) is a private sector bank headquartered at Thrissur City in Kerala, India. South Indian Bank has 897 branches, and provide various services like personal loan, education loan, gold loan home loan as you want to known about the Education Loan Scheme For Meritorious candidate here is the detail of it

Objective
The scheme is to provide financial assistance for study in degree or master dgeree course for the candidate who is the and needy to undertake basic education.

Eligibility:

Student should be an Indian National
Secured admission to professional/ technical courses through Entrance Test / Selection process
Secured admission to foreign University/ Institutions.

Courses
All Govt. recognized Diploma courses
Education Loan Scheme - For Meritorious Students

The scheme is to provide financial assistance on reasonable terms to:

the poor and needy to undertake basic education.
the meritorious students to pursue higher/ professional/technical education.

Eligibility :

Student

Student should be an Indian National
Secured admission to professional/ technical courses through Entrance Test / Selection process
Secured admission to foreign University/ Institutions.

Courses

All Govt. recognized Diploma courses
Engg. Degree including B.Tech, Biotechnology
Engg. PG
MCA
M.Sc Biotechnology
Computer courses recognised by Central Electronics Department (CED)
Medical Degree
Medical PG
Management courses Full time MBA, MBM, PGDM
ACA, ACS, ICWA
BDS
B.V.Sc & A.H
M.V.Sc
B.Sc Agriculture
M.Sc.Agriculture
B.Sc. Nursing
B. Pharm
Bachelor of Physio Therapy
Overseas studies

Quantum Limit of loan

For studies in India - maximum Rs.7.50 Lakhs
For studies Abroad - maximum Rs.15.00 Lakhs

Margin
Upto Rs. 4.00 Lakhs - Nil.
For loans above Rs. 4 lacs
Studies in India - 15%
Studies abroad - 25%

Rate of Interest
Fixed at BPLR +TP - 2.50% ( floor 12.00%)
Penal interest @2% to be charged for loans above Rs.2 lacs for the overdue amount and overdue period.

Contact Details
Head Office
South Indian Bank Ltd.
T.B Road, Mission Quarters, Thrissur 680 001, Kerala, India
Phone : +91-487-2420020, 2420058, 2420113