Allahabad Bank presents Educational Loan
Allahabad Bank, the oldest cooperative stock bank of the country is established in the year 1865. It is a nationalized bank as well as proffers a range of financial services with Education loan to its customers. The edification loan scheme obtainable by the Allahabad Bank was get underway to provide financial assistance to meritorious students on sensible terms. Scroll down the page to be acquainted with more about Allahabad Bank Education Loan.
Eligibility decisive feature used for Allahabad Bank Education Loan
a) Eligibility decisive for Students
- Students looking for education loans should be an Indian nationwide.
- An applicant will be considered appropriate for the loan if he gets right of entry to specialized or technical course in India or abroad through an entrance exam or a merit-based assortment procedure.
b)Courses Eligible for Getting Loan
Education in India
- Bachelor Degree courses akin to B.A, B.COM, B.Sc and others
- Master Degree courses plus Ph.D programs
- Specialized courses akin to Dental, Engineering, Computer, Management, Law, Agriculture, Medical, Veterinary and others.
- Certificate courses in Computer obtainable with reputed institutes which are attributed to the branch of electronics or institutions certified by a institution of higher education.
- Former courses like CA, ICWA and CFA.
- Programs which are conducted by the supposed organization like IIM, NIFT, IISc, IIT, XLRI.
- Regular diploma and degree courses like pilot training, Aeronautical, shipping and furthermore. The courses to be had should be accepted near the Director General of Civil Shipping or Aviation.
- Courses with the intention of are conducted by the well-known overseas universities.
- Twilight courses which are conducted by the approve institutes.
- Various diploma as well as degree courses conducted by different colleges and universities approved by Govt., AICTE, ICMR, UGC, AIBMS, and others.
Education Abroad
- Bachelor's Degree-Professional and technical courses which are offered by various reputed universities.
- MBA, MCA Master's Degree-MS and others.
- Programs obtainable by CPA in USA and CIMA in London.
- Different regular diploma as well as degree courses within pilot training, aeronautics or shipping approved or documented by the knowledgeable local shipping or else aviation authority.
Quantum of Loan
The maximum amount specified as loan intended for studies in India is Rs. 10 lacs. Rs. 20 lacs are the maximum amount for studies abroad.
Expenses in the direction of be considered for Loan
- The loan consists of fees to be alive paid for hostel charges, examination fees, colleges, and laboratory and library charge.
- It moreover covers expenses intended for purchasing all the essential articles necessary for completion of the courses.
- Travel expenses as well as cash for purchasing computers are also offer to the students.
- one-time payments like refundable deposit , building fund plus concern money are also built-in.
