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| COMPARE : EDUCATION LOANS |
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| Andhra Bank Education Loan |
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| Introduction |
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| Andhra Bank gives education loan under the AB Dr. Pattabhi Vidya Jyothi scheme. Loan covers expenses of tuition fees, hostel fee, books, projects, study tours and refundable deposits. Students take loan for studies in abroad bank covers air passage and maintenance for abroad studies. |
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| Highlights |
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Study Abroad |
Study India |
| Course |
Graduation |
Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Purpose |
Fee payable to Tuition, Hostel, Examination, books, project work, study tours, refundable deposits, air passage and maintenance |
Fee payable to Tuition, Hostel, Examination, books, project work, study tours, refundable deposits |
| Loan Amount |
Min. - Rs 50000
Max. - Rs 2000000
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Need based finance subject to repaying capacity of the parents/ students with a maximum of Rs. 10.00 lacs.
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| Margin Money |
Upto Rs. 4,00,000/- : NIL
Above Rs. 4,00,000/- : 15%
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Upto Rs.4,00,000/- - NIL
Above Rs. 4,00,000/- - 5%
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| Tenure |
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Min. - 1 Yrs.
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| Interest Rate |
Up to Rs.4.00 Lakhs: 10.75%
Rs.4.00 lakhs upto
Rs.20 Lakhs : 12.50%
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Up to Rs.4.00 Lakhs- 10.75
Rs.4.00 lakhs upto Rs.20 Lakhs- 12.50
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| Time to Process Loan |
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7 days |
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 Fees & charges
Fees & charges
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Security
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Security |
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Upto Rs.4.00 lacs – NIL
Rs. 4.00 lacs to 7.5 lacs – Co-obligation of parent/guardian/third party
Above Rs. 7.50 lacs – Tangible security of suitable value besides co-obligation of parent.Parent co-obligation and assignment of future income. |
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Terms & Conditions
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Terms & Conditions |
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The loan to be repaid in 5-7 years after commencement of repayment.
Holiday Period- 1 year after course period or 6 months after getting job, whichever is earlier. |
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Show All Education Loans
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