#1
2nd November 2015, 02:54 PM
| |||
| |||
Education Loan Subsidy in Corporation Bank
Can any one give information about Interest rates for Education Loan of Corporation Bank? What is eligibility required to apply for Education Loan in Corporation Bank?
|
#2
2nd November 2015, 05:26 PM
| |||
| |||
Re: Education Loan Subsidy in Corporation Bank
Students who want to apply for Education Loan of Corporation Bank, they have following eligibility criteria: Student should be Indian. Should have passed previous qualifying examination Should have secured at least 60% marks [55% for SC/ST category] in the previous qualifying examination. Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance test / Merit based selection process/through Management quota after completion of HSC [10+2 or equivalent] Loan Amount Study in India : upto Rs.10 lakhs, Study Abroad : upto Rs. 20 lakhs Margin: Up to Rs. 4 lakhs : -NIL- Above Rs.4 lakhs : Studies in India 5%, Studies abroad 15% Scholarship/Assistantship to be in included in margin. Processing Charges: Study in India – NIL For study abroad: Rs.2000/- refundable on availment of loan. Corporation Bank Education Loan Interest Rate Amt upto 4 Lakhs BR+ 1.75 11.40 Above Rs. 4 to 7.50 lakhs BR+ 2.75 12.40 Above 7.50 lakhs BR+ 2.25 11.90 Educational loans under vocational & Skill development courses BR+ 1.65 11.30 |