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Educational Loans

Central Bank of India

For pursuing Graduate/Post-Graduate, Management/Job-oriented courses, Professional Courses of recognised Universities / reputed Institutes, Computer courses conducted by NIIT, APTECH, CMC, C-DAC with duration of one year and more.

Amount of Loan:	India	Upto Rs.7.50 lakh
	Abroad	Upto Rs.15 lakh

For pursuing Post-Graduate course in Science, Technology, Medicine, Engineering, Management courses, Law, Accountancy leading to Master's degree or Post-Graduate Diploma in recognised University abroad

Margin:	Up to Rs.4 lakh	No Margin
	Over Rs.4 lakh - In India	5%
	Studies Abroad	15%
	( Relaxation of loans upto Rs.50,000/-for SC/ST )

Should have consistent good academic record in previous examinations with marks over 60 % in 10^th.& 12^th or first grade in other cases.
(For SC/ST Second class will be sufficient).

Rate of interest:	Upto Rs.4 lakh	PLR
	Above Rs.4 lakh	PLR + 1%

Various types of securities are charged for the students willing to take education loan of Central Bank of India.
Education loan up to Rs.4 lacs- co-obligation security.
Education loan more than Rs.4 lacs and up to Rs.7.50 lacs-Collateral security
Education loan more than Rs.7.50 lacs-collateral security or co-obligation of parents, guardians and third party.

Central Bank of India

There are several banks which offer education loans in India. The education loan offered by Central Bank of India is also known as Cent Vidyarthi Loan. It is offered to meritorious students willing to pursue their higher education in India or abroad. Central Bank of India established in the year 1911 was regarded as the first commercial bank of India entirely managed and owned by Indians. Being the first Swadeshi Bank of India, it was nationalized in the year 1969. In order to know more about Central Bank student loans, scroll down the page.