NEWS & ADVICE : EDUCATION LOANS
A detailed guide on education loans for Vocational Courses
By Neelima Shankar
Print    Email    RSS   
 

Interest rate

Banks charge interest rates ranging from 12% to 13.75% for education loan schemes meant for vocational courses.

Repayment

Generally, these loans can be repaid in 3 to 7 years, though some banks limit the repayment period to 5 years.

Processing fees, Margin, Prepayment penalty

Banks have made these loans more affordable by waiving off extra expenses on them like processing fees, margin and prepayment penalty.

Some banks offering education loans for vocational courses

Some public sector banks which are providing education loans for vocational courses are:

State Bank of India

Loan Scheme for Vocational Education and Training

Andhra Bank

Model Scheme on Educational Loans for pursuing Vocational Courses

Oriental Bank of Commerce

Oriental Education Loan Scheme for Vocational Courses

Corporation Bank

CorpVidya scheme for vocational & skill development courses

Abhyudaya Co-operative Bank Ltd.

Scheme for Education Loan for Vocational Courses

Punjab National Bank

PNB Kaamgar

United Bank of India

United Education Loan Scheme for Vocational Education and Training

Bank of Baroda

Baroda Education Loan for Vocational Education & Training


Page    | 12 |
(Comments Posted : 1) Post Your Comments
1. I would like to know which are the other banks are giving loans for vocational courses. Because here in Ratlam banks are saying they have'nt received the information from their HO. We are IIJT Business partners & we are NSDC partner center. Pls. advice. Deepak Gehani
Deepak Gehani (Posted: Sep 21, 2012)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Complete guide to education loans in India
An insight into education loan schemes for...
Education Loan for B-Schools
Changing face of education loans
Model Educational Loan Scheme: the new...


ROPAR: CaℒL Giℛℒ In Kurali 09855660911...
Why Pitampura Tutors (Ph:- 9911742311) & Private...
kala jadu in hindi 9636854282

NEWS THIS WEEK
Banks to look forward to hire students from IIT/IIM Feb 18, 2015
Union Bank of India hiring for the post of specialist officers Feb 16, 2015
Canara bank launched scholarship Scheme Feb 13, 2015
AXIS bank started ‘My idea of progress’ Campaign Feb 12, 2015
RBI inviting applications for the guard post Feb 11, 2015
News Archive