Punjab and Sind Bank

Education Loans from Punjab and Sind Bank

There are more than a few banks which proffer education loans in India. yet Punjab and Sind Bank proffer education loans for students keen to pursue higher studies in India or abroad. This bank was unit under the auspices of Bhai Vir Singh, Sardar Tarlochan Singh and Sir Sunder Singh Majitha in the year 1908. If you desire in the direction of avail Punjab and Sind Bank education loans, then scroll down this page. Candidate's Eligibility applicant concern meant for the education loan need to satisfy certain eligibility criteria as particular by the Punjab and Sind Bank applicant should be Indian Nationals Applicant will be well thought-out entitled if they get admission to different courses in the course of entrance examination or else a selection process based on merit. Courses Eligible intended for Punjab and Sind Bank Education Loans There are a lot of courses, which are well thought-out entitled intended in support of the Punjab and Sind Bank student loan. Studies in India different graduation, post graduation and professional courses in the areas of Management, Medicine, Dental Science, Veterinary Science, Agriculture and others. Computer certificate courses offered by renowned institute’s standard by the Department of Electronics or authorized by the University, are furthermore eligible. IIM, XLRI, IIT -courses, evening courses, regular diploma and degree courses as well as courses like CFA, ICWA, CA are eligible for the Punjab and Sind Bank student loan. Studies Abroad Job oriented graduation courses, post graduation courses as well as courses conducted by CPA-USA and CIMA-London. Expenses Covered by Punjab and Sind Bank education loans The education loan accessible by Punjab and Sind Bank covers examination fee, tuition fee, expense of educational tours, hostel charges, and cost of purchasing books along with refundable deposit. The loan also contains travel payment and passage money of students traveling abroad. Quantum of Finance A maximum education loan amount of Rs.7.5 laces and Rs.15 laces are obtainable for studies in India and abroad correspondingly. Margin There is no margin for loan amount up to Rs.4 lacs. Meant for education loans over Rs. 4 laces, the edge is 5% (studies in India) and 15% (studies abroad) correspondingly. Security Punjab and Sind Bank demands various kinds of securities for issuing education loans. Loans more than Rs.4 laces- A security refuge Loans more than Rs. 7.5 laces- security refuge or else guarantee of umpire. In order to learn more concerning interest rates look through http://www.psbindia.com/