#1
July 11th, 2016, 06:37 PM
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Central bank of India Education Loan Subsidy
Hello sir I want to know eligibility criteria of Central bank of India Education Loan Subsidy so here can you please give me its details ?
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#2
July 12th, 2016, 09:52 AM
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Re: Central bank of India Education Loan Subsidy
Hey as per your demand here I am giving you details of eligibility criteria of Central bank of India Education Loan Subsidy Purpose of Loan For pursuing higher studies, in India & Abroad Eligibility Candidate should be an Indian National. Candidate Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test/ Merit Based Selection process after completion of HSC(10 plus 2 or equivalent) Expenses considered Fee payable to college++/ school/ hostel Examination/ Library/ Laboratory fee Travel expenses/ passage money for studies abroad Insurance premium for student borrower, if applicable Caution deposit, Building fund/refundable deposit supported by Institution bills/receipts. Purchase of books/ equipments/ instruments/ uniforms Purchase of computer at reasonable cost, if required for completion of the course Any other expense required to complete the course - like study tours, project work, thesis, etc. Maximum amount Rs. 10 lakh for studies in India. Rs. 20 lakh for studies Abroad. Margin Upto Rs. 4 lacs : NIL, Above Rs. 4 lacs:In India - 5% ,Abroad - 15% Margin (scholarship may be included in margin.) Interest rate Male Students Base Rate+2.00% Female SC,ST & IIM/IIT student Base Rate+1.50% |
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