Central Bank Of India provide Cent Vidyarthi Education Loan For pursuing higher studies, in India & Abroad.

Cent Vidyarthi Education Loan

Documents required-

Address Proof like Utility bills, Ration card, Voter ID

Identity proof like PAN Card, Voter ID, Passport

Income documents like income tax return statements, salary slips and income proof as authorized by a CA, Form 16 and Form 60

Educational documents like HSC and SSC certificates, mark sheet etc.

Eligibility-

The student should be an Indian National.

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).

Where there is no entrance test/merit based selection process and admission is purely based on the marks scored in qualifying examinations, the student should have scored minimum 50% marks in qualifying examination. (10% relaxation for SC/ST categories)

Maximum loan amount

Rs. 10 lakh for studies in India.
Rs. 20 lakh for studies abroad.
The ceilings fixed for studies in India and abroad correspond to the limits fixed by the RBI for treatment as priority sector lending.
No maximum celling if loan amount secured by 100% collateral security.

Margin

Upto Rs. 4 lacs: NIL,
In India Above Rs. 4 lacs: - 5% ,
In Abroad Above Rs. 4 lacs: - 15% Margin
(Scholarship may be included in margin.)

Customer service: 1800 200 1911