COMPARE : EDUCATION LOANS
Andhra Bank Education Loan
Introduction
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.
Highlights
  Study Abroad Study India
Course Graduation Graduation
Loan Type Term Loan Term Loan
Loan Purpose The loan is provided for
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. Degree/diploma courses like aeronautical, pilot training, shipping etc provided these are recognized by competent regulatory bodies in India/abroad for the purpose of employment in India/abroad.
Approved courses leading to graduate/ post graduate degree and P G diplomas conducted by recognized colleges/ universities recognized by UGC/ Govt./AICTE/ AIBMS/ ICMR etc. Courses like ICWA, CA, CFA etc.
Courses conducted by IIMs, IITs, IISc, XLRI. NIFT,NID etc.
Regular Degree/Diploma courses like Aeronautical, pilot training, shipping, etc., approved by Director General of Civil Aviation/Shipping, if the course is pursued in India. Air Craft Maintenance Engg, Pre-Sea Training courses must be either a degree course recognized by a competent University or Diploma course recognized by appropriate State Govt. body to be eligible for considering loan.
Approved courses offered in India by reputed foreign universities.
Educational Loans for Nursing Courses and other Para Medical courses offered by approved institutes are to be sanctioned at Zonal level of the Bank only .
Loan Amount Min. - Rs 50000
Max. - Rs 2000000
Min. - Rs 50000
Max. - Rs 1000000
Margin Money Upto Rs. 4lakh : NIL
Above Rs. 4lakh: 15%
Upto Rs.4lakh: NIL
Above Rs. 4lakh:5%
Tenure Min. - 10 Yrs.
Max. - 15 Yrs.
Min. - 10 Yrs.
Max. - 15 Yrs.
Interest Rate Up To Rs. 7.50 Lakhs Base Rate+2.75% = 13%
Above Rs. 7.50 Lakhs Base Rate+1.50% = 11.75%
0.50% concession for girl Students
Up To Rs. 7.50 Lakhs Base Rate+2.75% = 13%
Above Rs. 7.50 Lakhs Base Rate+1.50% = 11.75%
0.50% concession for girl Students
Time to Process Loan   7 days
 Fees & charges
 Security
 Terms & Conditions
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