About Syndicate Bank Education Loan
Here you will find Syndicate Bank Education Loan Interest Rates, its Eligibility and Repayment Process.
Students (Indian National) who 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 or equivalent.
STUDIES IN INDIA
i) Approved courses leading to graduate/ Post Graduate degree, Ph D and P G diploma conducted by recognized colleges/ universities recognized by UGC/ Govt./ AICTE/ AIBMS/ ICMR
ii) Courses like ICWA, CA, CFA etc.
iii) Courses conducted by IIMs, IITs, IISc, XLRI. NIFT, NID etc.
iv ) Regular Degree/Diploma courses like Aeronautical, pilot training, shipping etc.,Degree/Diploma in Nursing or any other discipline approved by Director General of Civil Aviation/Shipping Indian Nursing Council or any other Regulatory body as the case may be, if pursued in India.
v ) Approved courses offered in India by reputed foreign universities.
vi) Other courses leading to diploma/ degree conducted by colleges/ universities approved by UGC/Govt./AICTE/AIBMS/ ICMR etc
vii) Courses offered by National Institutes and other reputed private institutions.
viii) Courses, which are not covered under the criteria, mentioned above, RLCAC-Imay take a view to consider extending Education loan under the scheme taking into account the future prospects by user institution.
ix) Teacher training course/Nursing course/ B.Ed are eligible for education loan, provided the training institutions are approved either by the Central Govt. or by the State Govt.and such courses should lead to Degree or Diploma course and not to certification course.
i) Graduation: For job oriented professional/ technical courses offered by reputed universities.
ii) Post graduation: MCA, MBA, MS, etc.
iii) Courses conducted by CIMA-London, CPA in USA etc.
vi) Degree/diploma courses like aeronautical, pilot training, shipping etc provided these are recognized by competent regulatory bodies in India/abroad for the purpose of employment in India/abroad.Branches may use the following portal for verifying the affilications /rankings of University/Colleges.
Quantum of Finance: Need based finance subject to following ceilings:
Studies in India: Maximum 10.00 lakhs
Studies abroad: Maximum 20.00 lakhs.
Upto 4 lacs -Nil
Above 4 lacs Studies in India -5%
Studies Abroad -15 %
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