2023 2024 EduVark > Education Discussion > General Discussion


  #2  
July 23rd, 2016, 12:15 PM
Super Moderator
 
Join Date: Mar 2013
Re: Central Bank Of India Education Loan Apply Online

Hey to apply for the education loan to the Central Bank Of India you go thorough the offline mode you cant apply online

Central Bank Of India Education Loan Eligibility

You should be an Indian National.

You must 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).


Loan will cover the following


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/ equipment's/ 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.

While computing loan required, scholarships, fee waiver etc., if any available to the
student borrower may be taken into account

Amount of loan could be sanctioned

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.


Rate of Interest

Type of Borrower Rate of interest

Male Students Base Rate+2.00%

Female SC,ST,IIT students Base Rate+1.50%


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