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Eligibility: For studies in India A student
of Indian Nationality is eligible to apply for the
loan provided he/she has secured admission to the
institution/college/university.
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Repayment: Repayment of the loan commences
from the 6th month after the student completes his/her
course or the 3rd month of securing a job, whichever
is earlier. The loan is to be repaid within a maximum
period of 6 months depending upon the repayment
capacity.
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Approved courses: Full time courses (Diploma,
Teachers' Training, graduation or Post graduation
and Doctorate studies) in all branches of medicine,
engineering, agriculture, CA/ICWA/ACS, Computer
Science, Architecture, Business Administration,
Law, Arts, Science, Commerce, Hotel Management,
Nursing and Pharmacy (except Foreign University
Degree courses offered in India)
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For studies abroad :
Eligibility: Meritorious students who have been
selected for any course in foreign universities
are eligible to avail of the foreign education loans.
Amount of loan: The bank provides Rs. 10,00,000/-
as a loan for his/her education at a foreign university.
Margin: 25% (To be brought pro rata as and
when disbursements are made)
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Amount of loan: The bank provides a loan
of Rs.10000/- for a student's education at a junior
college; teacher's training course and other short-term
courses that are approved by the Government.Loans
worth Rs.50000/- are also offered to students who
wish to do a polytechnic course/computer course,
or desire to pursue graduation/post-graduation in
any discipline, such as arts, commerce, science,
pharmacy, agriculture & fisheries.A maximum
amount of Rs.4 lakhs for graduation/post-graduation
in engineering, architecture, dental science, medicine,
chartered/cost accountancy & business administration
courses, offered by a reputed institution. | |
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Vijaya Bank
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Vijaya Bank is one of the reputed banks that
offer educational loans in India. The main objective of the bank is to
provide top quality financial services to its customers. It was
established by late Shri. A.B.Shetty with other enterprising farmers on
23rd October, 1931 and became a nationalized bank on 15th April, 1980.
Vijaya Bank education loan is offered to the deserving students willing
to pursue their higher education in India and abroad. Scroll down the
page to learn more about Students Loans from Vijaya Bank.
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