Syndicate Bank offers Education Loan to the Candidate who have secured admission on the basis of merit to professional/ technical/other courses in India or abroad.

Syndicate Bank Education Loan:
Documents Required :

Admission approval letter .

Fee structure .

Past academic record Mark sheets.

ID proof .

Guarantor ID proof .

Residence proof.

Quantum of Loan

Maximum :
Rs.10.00 lac for studies in India
Rs.20 lac for studies abroad

Margin
For loans upto Rs.4 lac –
No Margin required.

For loans above Rs.4 lac –
5% for study in India and 15% for study abroad.

Security
For loans upto Rs.4.00 lac –
NIL

For loans above Rs.4.00 lac and upto Rs.7.50 lac –
Collateral in the form of satisfactory third party guarantee acceptable to the Bank.

For loans above Rs.7.50 lac –
Collateral security with 25% margin covering the loan amount and assignment of future income of the student for payment of loan instalments.

Repayment
In 5 to 7 years