HIGHER EDUCATION LOANS IN INDIA

   This scheme is started with a view to develop the education of Indian students.

    Qualification :

•  Should be the citizen of India.
•  Should study through regular course.
•  Should study in Recognized Institutions of Indian Government.
•  Should pass in TNPC Exam.
•  Only notable institutional student are eligible to apply.
•  There are many varieties of loans.
•  Examination Fee / Library fee / Book fee / Apparatuses / Instruments /  

          Uniform / Deposit / Building fund / Income.

•  Transport Charges / Studies in Abroad for computer purchase.
•  Educational tour / for going to Abroad Universities / Budgetting session.

    Educational Loan Amount : (Subject to vary)             

•   Highest ceiling is 7.5 lacks depends on different banks.
•   Minimum 4 lacks.
•   Subsidiary amount reaches within the share amount.
•   Share can be got every year.

      Interest Rates :  (Subject to vary)           

•   Calculated on the basis of yearly interest.
•   It depends upon the sanctioned loan amount.
•   Till 4 lacks - 9.75 % interest.
•   Above 4 lacks - 9.75% interest.
•   Should be paid in Quarterly / Half--yearly interest.
•   Late payment will be levied penalty if the loan amount is above 2 lacks. 

    Repayment System :

•   It is given to the students. No need to pledge possessions of parents    /guardians.
•   No need to mortgage in the name of the students.
•   The students can repay during the course or after 6 months of complition.
•   Tenure of Repayments : 5 yrs- 10 yrs unable to pay within the stipulated period, further 2  year will be given with penalty interest.

     The students of the following Institutions are eligible to get Educational loans                           

                                    ENGINEERING INSTITUTES

1. IIT , Kanpur
2. IIT , Delhi
3. IIT , Mumbai
4. IIT , Chennai
5. IIT , Guwahati
6. IIT , Roorkee
7. IIT , Kharagpur
8. NITS . Pilani
9. Anna University , Chennai
10. IISc , Bangalore 

  MANAGEMENT INSTITUTES                       MEDICAL SCHOOL

    1. IIM , Ahmadabad                                            1. AIIMS , Delhi
    2. .IIM , Bangalore                                              2. Christian Medical College, Vellore
    3. .IIM , Kolkatta                                                 3. Armed Forces Medical College, Pune
    4. .IIM , Lucknow                                                4. JIPMER, Puducherry
    5. .IIM , Indore                                                    5. Maulana Azad Medical college,Delhi
    6. IIM , Khozhikode                                            6. Madras Medical College , Chennai
    7. XLRI , Jamshedpur                                        7. Kasturibai Medical College , Mumbai
    8. Jamnalal Bajaj , Mumbai                               8. King Edward Medical College , Mumbai
    9. FMS , Delhi                                                   9. Lady Hardige Medical College , Delhi
   10. SP Jain , Mumbai                                         10. Bangalore Medical College , Delhi
   11. NITIE , Mumbai                                            11. Grant Medical College , Mumbai
   12. MDI , Gurgaon                                             12. PGIMER , Chandigarh
   13. XIM , Bhuvaneshwar            
   14. NMIMS , Mumbai
   15. IIT- SJSOM, Mumbai 

   OTHER INSTITUTES
 
   1. Tata Institute of Social Sciences , Mumbai.
   2. National Institute of Design , Ahmadabad.

  

                       Visit Site : http://www.bankofmaharashtra.in/campaigns/edu_loan/indiaedu/

                      (More....)    http://www.indiaedu.com/education-loans-india/