2022 2023 EduVark > Education Discussion > General Discussion


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April 6th, 2015, 10:29 AM
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Join Date: Mar 2012
Central Bank of India Education Loan Interest

I want to take educational loan from Central Bank of India so I want to know its interest rate and also give me the details about the eligibility required for it?

Central Bank of India provides educational loan who fulfill these eligibility criteria

Eligibility:
Student should be an Indian National.

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 10 + 2 or equivalent)

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

Maximum loan amount

Rs. 10 lakh for studies in India
Rs. 20 lakh for studies Abroad

Rate of Interest
Type of Borrower Rate of interest
Male Students Base Rate+2.00%
Female SC,ST & IIM/IIT students Base Rate+1.50%

Last edited by Neelurk; June 13th, 2020 at 01:47 PM.
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