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Central Bank Central Bank of India

Finance for Education


Loan Program: Cent Vidyarthi Scheme


Approved Courses:

For pursuing Graduate/Post-Graduate, Management/Job-oriented courses, Professional Courses of recognized Universities / reputed Institutes, Computer courses conducted by NIIT, APTECH, CMC,
C-DAC, with duration of one year or 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 any recognized University abroad.


Eligibility:

Should have consistent good academic record in previous examinations with marks over 60 % in 10th & 12th or first grade in other cases.
(For SC/ST Second class will be sufficient).

Amount of Loan:

India

Upto Rs.7.50 lakh

 

Abroad

Upto Rs.15 lakh

Margin:

Up to Rs.4 lakh

No Margin

 

Over Rs.4 lakh - In India

5%

 

Studies Abroad

15%

 

( Relaxation of loans upto Rs.50,000/-for SC/ST )

Rate of interest:

Upto Rs.4 lakh

PLR

 

Above Rs.4 lakh

PLR + 1%



For more details: http://centralbankofindia.co.in



For updated information please visit Central Bank




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