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  #2  
July 12th, 2016, 09:52 AM
Super Moderator
 
Join Date: Mar 2013
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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