Corporation Bank provides education loans to Indian Students to meet expenses related to pursuing studies in India and abroad under the Corp Vidya Scheme.

Corp Vidya Scheme Details:

Eligibility
Student must be an Indian national.
Must have passed previous qualifying examination.
Must have secured at least 60% marks [ 55% for student belonging to SC/ST category ] in the previous qualifying examination.
Must have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance test / Merit based selection process/through Management quota after completion of HSC [10+2 or equivalent].

Loan Amount:
Study in India – upto Rs.10 lakhs, Study Abroad : upto Rs. 20 lakhs

Margin for Loan:
Loan up to Rs. Four lakhs : Nil
Loan above Rs. Four lakhs:
Studies in India: 5% ,
Studies Abroad: 15%

Rate of Interest:
Floating rate of interest is connected to the Base Rate & subject to revision from time to time. Simple interest will be levied during repayment holiday period.

Present BASE RATE is 9.65% p.a. from 08.10.2015

SCHEME
BR + Spread
ROI %
CORP VIDYA

Amt upto 4 Lakhs
BR+ 1.75
11.40

Above Rs. 4 to 7.50 lakhs
BR+
2.75
12.40

Above 7.50 lakhs
BR+
2.25
11.90

Educational loans under vocational & Skill development courses
BR+
1.65
11.30

Contact Details:

Corporation Bank
Corporate Office
Mangaladevi Temple Road
Pandeshwar
MANGALORE - 575 001
Karnataka, India

Tele: 91-824-2861888
Fax: 91-824-2440964