For higher education after schooling.
Admission fee/Monthly fee/Examination fee, Books, Stationery & equipments,
Air fare for joining the course abroad, Boarding & lodging expenses of hostel/boarding houses, where charges are standardized and paid to the Management of the Boarding House. Any other expenses required to complete the course like study tours, project work, thesis etc.
Indian nationals not above 45 years of age those who secured admission in a recognized course of an approved university (AICTE approved institutions) OR institutes recognized by a statutory body.
Amount of Loan:
For Category A list of institutes: Rs. 10 lacs
For Category B list of institutes: Rs. 25 lacs
For Loans upto Rs.4.00 lac
For Loans above 4 lacs and upto Rs.7.50 lacs
Read: Education loans in India
Above Rs.7.50 lacs
For Loan upto Rs. 4.00 Lacs
For Loan above Rs. 4.00 Lacs
(0.50% concession in interest for girl student)
The minimum interest on education loans after allowing all concessions, which includes 0.50 concession to girl shall not fall below 10.50% p.a. (for male students) and 10.25% (for female students)
Concession on Rate of Interest :
Simple Interest shall be charged during study and moratorium period. The concession of 1% in rate of interest to be allowed, if interest is serviced regularly during the study and moratorium period. This concession shall be allowed after expiry of moratorium.
0.50% concession to women beneficiaries, SC/STs and disabled students.
Upto 4 lacs – Rs. 100/-.
Above 4 lacs for education in India – Rs. 500/-
Education Abroad – Rs. 1000/-
To know more in details, read here
Within 84 EMIs commencing 12 months after course or 6 months after getting the job, whichever is earlier.
Free Personal Accident Insurance upto Rs.20 lac.
Help Line No- 1800-180-1235, 0124-2340940
For unresolved queries- 011-25718132
For details on Education Loans offered by the Oriental Bank of Commerce