COMPARE : EDUCATION LOANS Allahabad Bank Education Loan Introduction Allahabad bank offers financial support to the aspiring students who seek for higher studies in India or abroad and have secured admission in professional / technical courses through entrance test / merit based selection procedure. Bank also have Group Life Insurance cover facility for the students. Highlights   Study Abroad Study India Course Graduation Post Graduation Loan Type Term Loan Term Loan Loan Purpose Graduation: For job oriented professional / technical courses offered by reputed Universities. Post Graduation: MCA, MBA, MS, etc. Courses conducted by CIMA London, CPA in USA etc Graduation: For job oriented professional / technical courses offered by reputed Universities. Post Graduation: MCA, MBA, MS, etc. Courses conducted by CIMA London, CPA in USA etc Loan Amount Min. - Rs 100000 Max. - Rs 400000 Min. - Rs 100000 Max. - Rs 400000 Margin Money 15 % 5 % Tenure Min. - 1 Yrs. Min. - 1 Yrs. Interest Rate Loans Upto Rs. 4.00 lacs For students of IIT / IIM - PLR - 2.00% Other Professional Courses PLR - 0.50% Girls students may be provided a special relief of 1.00% in all cases as above. Loans Upto Rs. 4.00 lacs For students of IIT / IIM - PLR - 2.00% Other Professional Courses PLR - 0.50% Girls students may be provided a special relief of 1.00% in all cases as above. Time to Process Loan 7 days 7 days  Fees & charges   Fees & charges   Study Abroad Study India  Eligibility Criteria   Eligibility Criteria  Study Abroad   Study Abroad: Age Min.: 16 Yrs.   Max.: 55 Yrs. Documents Required: ID Proof Yes Age Proof Yes Residence Proof Yes Income Proof Yes Telephone No Photograph Yes Bank Statement Yes Signature Proof Yes  Study India   Study India: Age Min.: 16 Yrs.   Max.: 55 Yrs. Documents Required: ID Proof Yes Age Proof Yes Residence Proof Yes Income Proof Yes Telephone Yes Photograph Yes Bank Statement Yes Signature Proof Yes  Security   Security For loan upto Rs 4.00 lacs: No collateral security is required. For loan above Rs 4.00 lacs and upto Rs 7.50 lacs: Satisfactory third party guarantee is required. For loan above Rs 7.50 lacs: (a) Collateral security of suitable value. (b) Co-obligation of parents / guardian / third party alongwith assignment of future income of the student for payment of instalments  Terms & Conditions   Terms & Conditions Repayment starts 1 year after course completion/ 6 months after obtaining employment (whichever earlier) Show All Education Loans Refine your search  Select a Bank: Any Bank ICICI Bank Wizard home loans Magma Shrachi Finance Limited HDFC Bank Fullerton India Credit Company Kotak Bank of Baroda Bank of India Canara Bank HSBC Bank Standard Chartered Bank State Bank of India PNB AXIS BANK ABN AMRO Citi Bank Dena Bank American Express Corporation Bank Allahabad Bank UCO bank Deutsche Bank IndusInd Bank Barclays Indian Bank GE Money India Central Bank of India Tata Capital Limited Bank of Maharashtra Indian Overseas Bank Syndicate Bank Union Bank of India YES Bank Vijaya Bank Jammu & Kashmir Bank Centurion Bank of Punjab Andhra Bank Catholic Syrian Bank Federal Bank IDBI Bank Karnataka bank Oriental Bank of Commerce State Bank of Mysore State Bank of Patiala Bank Of Rajasthan Reliance Capital Ltd. ING Vysya Bank Karur Vysya Bank State Bank of Hyderabad State Bank of Indore State Bank of Bikaner and Jaipur State Bank of Travancore South Indian Bank Development Credit Bank Ltd. United Bank of India  Select a Category: Study India Study Abroad  Select Course: Graduation Post Graduation     Allahabad Bank Products Allahabad Bank Auto Loans Allahabad Bank Home Loans Allahabad Bank Fixed Deposits COMPARE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans   CALCULATE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans   EDITORS' PICKS This is how a bank lends money A chronicle of excesses by loan recovery... Carnival of Indian Personal Finance Blogs #2 Carnival of Indian Personal Finance Blogs #1 Manage your loans, avoid recovery agents