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Educational Loan in Allahabad Bank

Started by Kalyan, Aug 26, 2008, 08:39 PM

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Allahabad Bank
Eligibility Criteria: Studies in India:

• School education including plus 2 stage

• Normal Graduation Courses - B.A., B.Com., B.Sc., Microbiology, etc.

• Post Graduation Course: Masters Courses, Ph.D., etc.

• Professional Courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management (including Hotel Management), Computer/ Information Technology, Journalism & Mass Communication, etc.

• Courses like: ICWA, CA, CFA, etc.

• Computer Certificate Courses of reputed Institutes accredited to Department of Electronics or Institutes affiliated to University.

• Courses conducted in India by reputed Foreign Universities.

• Evening courses of approved institutes.

• Courses leading to diploma / degree etc. conducted by the Colleges/ Universities approved by UGC / Govt./ AICTE / AIBMS / ICMR etc
Studies Abroad:

• Graduation: For job oriented professional / technical courses offered by reputed Universities.
• Post Graduation: MCA, MBA, MS, etc.
• Courses conducted by CIMA London, CPA in USA etc

Quantum of Loan:

Need based finance subject to repaying capacity of the parents/ students with following ceilings:
Studies in India: Maximum Rs 10.00 lacs
Studies abroad: Maximum Rs.20.00 lacs


• For loan upto Rs 4.00 lacs: NIL

• For loan above Rs 4.00 lacs:
            (i) Studies in India: 5%
           (ii) Studies abroad: 15%

• Scholarship / Assistantship to be included in Margin.

• Margin Money to be brought on year to year basis as and disbursements are made on a pro-rate basis

For More Details :