Educational Loan provided by Andhra Bank

Started by Kalyan, Jan 05, 2008, 07:54 PM

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Andhra Bank

Maximum Amount for India : Rs 100000
Maximum Amount Overseas : Rs 500000
Documents to be submitted: Bank documents, Academic records

Interest Rate in India

Upto 400000 : 12%
Above Rs 400000 : 13.5% pa.

Interest Rate for Overseas

Loans Upto 400000 : 12%
Above Rs 400000 : 13.5% pa.

Collateral and Third Party Guarantee are required

Tenures: Maximum of 5 years

Eligibility: 1st class marks in previous exams and selected for professional course
Repayment 1 year after completion of course or 3 months after getting a job whichever is earlier.

When to Apply: After getting Admission in college/institute

Time taken to process documents: 1 Week