Eligibility: 1st class marks in previous exams and selected for proffesional course
Repayment 1 year after completion of course or 3 months after getting a job whichever is earlier.

When to Apply : After getting Admission in college/institute

Time taken to process documents : 1 Week

Delhi Tel : 3350248
Bangalore Tel : 2242932
Chennai Tel : 4991868, 4994294
Hyderabad Tel : 4756023-25
Kolkata Tel : 2471359
Mumbai Tel : 2046160, 2047620

Purpose
You can avail of the attractive education loan scheme if you have secured admission to or are already studying in any of the country's IIMs or IITs or in any of the designated institutes.

Eligibility
You are eligible for the education loan if you fulfill the following criteria: A student who has secured admission or is already studying in any IIM, IIT, Indian Institute of Science, Bangalore, Jamnalal Bajaj Institute of Management, Mumbai, XLRI Jamshedpur, Roorkee Engineering College or Indian School of Mines, Dhanbad.

Amount of Loan
The loan will be in the form of a package which will cover entire tuition fees, hostel and mess charges, library fees or any other fees / charges payable to the institution subject to a maximum of Rs 2.50 lacs.

Period of loans
Loans repayable In 48 Equated Monthly Installment (EMI).The EMI will commence one year after the completion of the course or whenever is earlier.The interest, however, will be realised during the pendency of the loan on a quarterly basis.

Contact :
Delhi Tel: 3341152
Bangalore Tel: 2261599
Chennai Tel: 8282206, 8230267
Hyderabad Tel: 7637738
Kolkata Tel: 2401529
Mumbai Tel: 4923246

Period of loans : 5 years

Purpose : Tuition feesLibrary/Other institution charges Hostel/Mess charges Travel expenses abroad (one way only)

Amount of loan : For studies in India: Rs. 550,000
For studies abroad : Rs.1.5 million

Interest rate : Depending on the loan amount with maximum of 13.77%

Margin Required : Maximum 15%, depending on the loan amount. 20% of the loan amount in case of abroad studies

Period of loan : The loans are to be repaid starting from 6 months after course completion or 1 year after getting a job

Contact :
Delhi Tel: 3321562,3325147
Bangalore Tel: 5586137, 5595347
Chennai Tel: 8283652
Hyderabad Tel: 3237760, 3230450, 3230368
Kolkata Tel: 4754047
Mumbai Tel: 2656727

Vidya Vardhini Scheme

Purpose:
Pursuit of studies In India and abroad

Approved Courses:
Graduate and post-graduate courses in engineering, computertechnology, medicine etc.All vocational courses/job oriented diploma courses, recognised by govt and universities.Similar courses pursued in universities abroad. Full time post graduate research in any of the aforesaid subjects.

Eligibility:
Should be a citzen of India. For vocational training courses and job oriented course age of the individual should be between 15-28 years,and 18-30 in case of post graduate courses and/or studies abroad.The applicant should have a good academic record. For studies abroad, the candidate should have secured admission in a particular university after having appeared in the specific entrance examinations. The applicant should have secured a minimum of 50% marks in the major subject.In case of SC/STcandidates eligibility norms may be relaxed.

Amount of loan:
The loan could vary depending on the specific subject requirement.For studies abroad Rs15 lakhs.For studies in India Rs 7.5lakhs

Margin
Upto Rs 4lakhs -nil
For Studies in India- 5%
For studies abroad-15%

Repayment
Within 15 years from the first dateof disbursement, including moratorium period

Contact :
Delhi Tel: 3312654, 3311557
Bangalore Tel: 2212485, 2271130
Chennai Tel: 8270041, 8276143
Hyderabad Tel: 3315263, 3324487
Kolkata Tel: 2481973, 2485703
Mumbai Tel: 2023020

Eligibility : Should have secure admission for in School/College/Institute

Maximum Amount for India : Rs 200000
Maximum Amount Overseas : Rs 750000

Documents to be submitted: Pass Certificate of Previous School/University/Institute
Time To Process : A Fortnight

Interest Rate

India: 13.75%
Overseas: 13.75%
Collateral and Third Party Guarantee required

Tenures: Maximum of 5 years

Contact :
Delhi Tel: 3321754
Bangalore Tel: 2264997
Chennai Tel: 4364410
Hyderabad Tel: 7843238
Kolkata Tel: 2203996, 2207122
Mumbai Tel: 2661295, 2652595

Name of the loan : BOP Education Loan

Purpose of the loan : To cover the cost of education in world class universities

Eligibility : The individual must be an Indian citizen, aged 18years and above and must have secured admission to a particular course in a particular educational institution.

Amount : Rs 7.5 lacs for studies in India and Rs,15 lacs for studies abroad

Interest rate : Upto Rs 4 lacs: 12.5% (PLR) Above Rs 4lacs: 12.5% plus 0.5 %which is presently 13%.

Repayment : Loan repayment can commence 6months after completion of the course or one month after getting employment, whichever is earlier.

Eligibility: Good academic records and selection for the course

Maximum Amount for India : Rs 150000
Maximum Amount Overseas : Rs 300000

Documents to be submitted: Mark sheet, proof of admission, proof of cost of course
Time To Process: A Forthnight

Interest Rate

In India
Upto Rs 25000: 12.75%
From Rs 25000 to Rs 200000 : 14%
Above Rs 200000 : 16%.

For Overseas
Upto Rs 25000 : 12.75%
From Rs 25000 to Rs 200000 : 14%
Above Rs 200000 : 16%.

Tenures: Till completion of course

Repayment: 3 to 5 years or earlier.

Contact
Delhi Tel: 5712934, 5729817
Bangalore Tel: 2265436, 2260540
Chennai Tel: 5383416
Hyderabad Tel: 4705920, 4743684
Kolkata Tel: 2201892, 2207912
Mumbai Tel: 2870307

Offered for India at Undergraduate, Postgraduate for the duration of the course; not renewable. Subject: Unrestricted. (Only technical courses for which Reserve Bank of India clearance is available.

Whom to contact : Further information and application form can be had from Canara Bank, Head Office, Priority Credit Section; Credit Wing, 112 J C Road, Bangalore 560002, or any other branch of Canara Bank.

Contact
Delhi Tel: 6286087
Bangalore Tel: 5589502
Chennai Tel: 8524790
Hyderabad Tel: 3225324, 3220607
Kolkata Tel: 2474881
Mumbai Tel : 2185241

Cent Vidyarthi Scheme

Purpose: Aims at bringing Education within the reach of students and help them improve their prospects in life.

Courses Approved

For pursuing Graduate/Post-Graduate, Management/Job-oriented courses, Professional Courses of recognised Universities / reputed Institutes, Computer courses conducted by NIIT, APTECH, CMC, C-DAC with duration of one year and more.

For pursuing Post-Graduate course in Science, Technology, Medicine, Engineering, Management courses, Law, Accountancy leading to Master's degree or Post-Graduate Diploma in recognised University abroad.

Eligibility: Minimum age 21 years having 60% marks throughout and have admission approval.

Maximum Amount for India : Rs 500000
Maximum Amount Overseas : Rs 500000

Documents to be submitted : Academic Records and admission approval.
Time To Process: 1 Week

Interest Rate
In India
Upto Rs 200000 : 14% pa,
Above Rs 200000 : 16% pa.

For Overseas
Upto Rs 200000 : 14% pa,
Above Rs 200000 : 16% pa.
Collateral needed if loan is above Rs 25000
Third Party Guarantee is also required.

Age : Between 21 years to 65 years.
Tenures: Maximum 40 months
Repayment: Maximum after 3 months of completion of course or the date of joining of job which ever earlier

Contact
Delhi Tel: 3715951, 3328747
Bangalore Tel: 8462878
Chennai Tel: 8526397, 8520125
Hyderabad Tel: 3203112, 3202985
Kolkata Tel: 2381455, 2482713
Mumbai Tel: 2660239, 2665641

Eligibility : Repayment 6 months after completion of course

Maximum Amount for India : Rs 500000
Maximum Amount Overseas : 75 % of the course fee.

Documents to be submitted : Marks list, Income proof of guardian, evidence for selection to the courses, copy of ration card, details of admissible expenses.

Time To Process : 1 Week

Interest Rate
In India
Upto Rs200000 : 13.5%
Above Rs200000 : 15.5 %
For Overseas
Upto Rs 200000 : 13.5% ,
Above Rs 200000 : 15.5 %
Collateral and Third Party Guarantee required.

Tenures : 3 to 5 years in India and maximum 4 years abroad.

Contact :
Delhi Tel: 3312675, 3321326
Bangalore Tel: 5595071
Chennai Tel: 8312267-70
Hyderabad Tel: 3202191, 3205764
Mumbai Tel: 2872465

Dena Vidya Laxmi Education Loan Scheme

Courses approved

A. Studies in India :

* School education including plus 2 stage.
* Graduation courses : BA, B.COM., B.Sc.,etc.
* Post Graduation courses : Masters & PhD.
* Professional courses : Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
* Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to university.
* Courses like ICWA, CA, CFA etc
* Courses conducted by IIM, IISc, IIT, XLRI NIFT etc.
* Courses offered in India by reputed foreign universities.
* Evening courses of approved institiutes.
* Other courses leading to diploma/ degree etc. conducted by colleges
   Universities approved by UGC/ Govt/AICTE/ AIBMS/ICMR etc.
* Courses offered by National Institutes and other reputed private institutions. [Banks may have the system of appraising other    institution courses depending on future prospects/recognition by user institiutions.]

B. Studies abroad :

* Graduation : For job oriented professional technical courses offered by reputed universities.
* Post graduation : MCA, MBA, MS, etc.
* Courses conducted by CIMA- Loanon, CPA in USA etc.

Eligibility : The student should be:

* An Indian National
* Have secured admission to professional/ technical courses through Entrance Test /Selection process.
* Secured admission to foreign university/Institutions.

Amount of loan : Need based finance subject to repaying capacity of the parents/students with margin and the following ceilings.

* Studies in India - Maximum Rs.7.50 lacs.
* Studies abroad - Maximum Rs.15 lacs.

Margin :

Inland (studies in India)
Upto Rs. 4 lacs : Nil
Above Rs. 4 lacs : Studies in India : 5%

Studies Abroad : 15%

* Scholarship/assistantship to be included in margin.
* Margin may be brought in on year-to-year basis as and when dibursements are made on a pro-rata basis.

Rate of Interest :
Upto Rs.4 lacs : PLR
Above Rs.4 lacs : PLR + 1%

Period of loan : Repayment holiday/ Moratorium : Course period + 1 year or 6 months after getting job, whichever is earlier.

The loan to be repaid in 5-7 years after commencement of repayment. If the student is not able to complete the course within the scheduled time, extension of time for

Completion of course may be permitted for a maximum period of 2 years. If the student is not able to complete the course for reasons beyond his control, Sanctioning Authority may, at his discretion, consider such extensions as may be deemed necessary to complete the course.

* The accrued interest during the repayment holiday period to be added to the principal and repayment in Equated Monthly Instalments(EMI) is fixed.
* 1% interest concession may be provided for loanees if interest is serviced during the study period when repayment holiday is specified for Interest/repayment under the scheme.

PROCESSING CHARGES : No processing/upfront charges are charged by the bank on Educational loans.

Contact :
Delhi Tel: 5724837, 5730400
Bangalore Tel: 6345563
Chennai Tel: 4310542, 4330438
Hyderabad Tel: 5505081
Kolkata Tel: 2472278, 2473860
Mumbai Tel: 2181231, 2189155

Name of the loan : Federal Vidya Loan Scheme

Purpose : The purpose of the loan is to make available financial assistance to the needy and deserving students of bright academic record so as to enable them to continue higher studies in India or Abroad either in diploma/graduation or post-graduation level in Arts, Science, Commerce, Management, Medicine and Engineering.

Eligibility : Under this scheme the loan can be sanctioned to any student of Indian nationality who intends to join any of the approved courses in an Educational Institution recognised by the government or any University in India or Abroad.

Courses Approved :
A - Category : Academic courses such as Diploma, Graduate/Post-Graduate courses in Arts, Science and Commerce etc.,
B - Category : Professional courses such as Diploma, Graduate/Post-Graduate courses in Engineering, Medicine, Dental Science, Agricultural Science, Veterinary Science, Computer Science, Nursing, Pharmacy, Business administration, Law etc.,

Type of Loan : The loan account shall be operated as a term loan. To facilitate flexibility in operation, future debits on account of recurring expenses in each semester/year can be made to this account.

Margin : The margin is NIL for courses in India. For foreign studies a minimum margin of 10% is to be insisted on.

Amount of Loan : (Rs in Lakhs)

Place of studies : In India, Minimum-0.50, Maximum-5.00

Place of studies : Abroad , Minimum-0.50, Maximum-10.00

Rate of Interest : Upto Rs.5 lakhs-13.5 %, Above Rs.5 lakhs-14.5 %

Period of Loan: The period of the loan consists of the period required for the completion of the course and that meant for repayment of the loan. The repayment should begin within 12 months on the completion of the course or after the student secures employment whichever is earlier.

Maximum period of the loan-11 Years
Minimum period-3 Years

Purpose: HDFC gives loans to students to partly meet their educational expenses / costs for pursuing specific higher educational courses at institutes approved by HDFC. Loans are given to students who are citizens of India. The student should have a consistently good academic record, and admission to an approved Educational Institute for pursuing a recognized course.

Eligibility: Students enrolled with an approved Educational Institute and desirous of availing the education loan can make an application, with the earning parent / guardian being the co-applicant to the loan. Currently, new entrants and existing students of only select leading national educational institutions are eligible to apply for education loans. Please check with your nearest HDFC Office for the list of approved institutions.

Amount of loan: Loans can be availed upto a maximum of 90% of the total cost as determined by HDFC. The costs would generally cover expenses incurred towards the course fee, library charges, hostel and mess charges, cost of books and equipment. HDFC lends upto a maximum of Rs. 2,00,000 on an Education Loan.

The period of the loan is determined on the merits of each case but would not exceed 5 years. The repayment can be accelerated on completion of the course, considering the earning capacity of the student. HDFC's main concern is to help individuals comfortably repay the borrowed amount.

Contact :
Delhi Tel: 6103146, 6185944
Bangalore Tel: 2274600, 2219473
Chennai Tel: 8553838
Hyderabad Tel: 3233875
Kolkata Tel: 2478256
Mumbai Tel: 2820282

Eligibility : Should have a good academic record.

Maximum Amount for India : Rs 200000
Maximum Amount Overseas : Rs 600000

Documents to be submitted : Mark sheets,addmission approval,address proof,photgraph,income proof .

Time To Process: 1 Week

Interest Rate
In India
Upto Rs 400000 : 12% pa
Above Rs 400000 : 13% pa.

For Overseas
Upto Rs 400000 : 12% pa
above Rs 400000 : 13% pa.
Collateral and Third Party guarantee required.

Tenures : Maximum of five years

Repayment : Maximum after 3 months of completion of course or the date of joining of job which ever earlier

Contact :
Delhi Tel: 3362003
Bangalore Tel: 2266207
Chennai Tel: 8524142
Hyderabad Tel: 4755324
Kolkata Tel: 2299700
Mumbai Tel: 2182226

For Studies in India - Scheme Highlights
Purpose : To meet the cost of education covering tuition fees, Exam fees, Development fees, Hostel fees, books, instruments etc.

Approved courses : Computer Courses: Part-time/Full-time in Institutes approved by Government of India (Department of Electronics)
Duration of the course : Minimum - 12 monthsMaximum - 48 months

Amount of loan : For Computer Courses : Maximum : Rs.1.00 lac
For other professional courses : Maximum : Rs.3.50 lacs

Margin: Upto Rs.2.00 lacs : 10%Upto Rs.3.50 lacs : 15%

Rate of Interest: Upto Rs.2.00 lacs : 12%Above Rs.2.00 lacs upto Rs.3.50 lacs : PLR +1% (i.e. 13.5%)

Period of loan : Initial holiday period of 6 months after the completion of the course or immediately on getting a job whichever is earlier
For limits upto Rs.1.00 lac : 42 monthsFor limits upto Rs.3.40 lacs : 60 months

For Studies Abroad - Scheme Highlights

Course of Study : Any Graduate/Post-graduate courses with good employment prospects. The period of study should not exceed 5 years

Amount of Loan : Maximum - Rs.10.00 lacs

Margin : Upto Rs.5.00 lacs : 15%Above Rs.5.00 lacs : 25%

Rate of Interest : PLR + 1.5% (i.e. 14%)

Period of loan : Interest to be serviced every quarter. Repayment of principal to commence 6 months after the completion of the course or immediately on getting a job whichever is earlier.For limits upto Rs.10.00 lacs - Maximum 96 months.