Corporation Bank Education Loan : Rupee Times

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Corporation Bank Education Loan

Introduction

Corporation bank Corp Vidya education loan scheme aims to provide funds to the students who seek for higher studies in India and abroad. Bank offers loan to Indian students who have secured admission to professional / technical courses in India or abroad through entrance test or merit based selection process.

Highlights

	Study Abroad	Study India
Course	Post Graduation	Graduation
Loan Type	Term Loan	Term Loan
Loan Purpose	for higher education in India/Abroad	The Educational Loan Scheme outlined below aims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. The main emphasis is that every meritorious student is provided with an opportunity to pursue education with the financial support on affordable terms and conditions. No deserving student is denied an opportunity to pursue higher education for want of financial support
Loan Amount	Min. - Rs 50000 Max. - Rs 2000000	Min. - Rs 50000 Max. - Rs 1000000
Margin Money	Upto Rs. 4 lakh - Nil Above Rs. 4 lakh - Studies abroad 15%	Upto Rs. 4 lakh - Nil Above Rs. 4 lakh - Studies in India 5%
Tenure	Min. - 7 Yrs.	Min. - 1 Yrs.
Interest Rate	Upto Rs. 4.00 Lakh: 12.25% Above Rs. 4 Lakh & Upto Rs. 7.50 Lakh: 13.25% Above Rs.7.50 Lakh: 12.75%	Upto Rs. 4.00 Lakh: 12.25% Above Rs. 4 Lakh & Upto Rs. 7.50 Lakh: 13.25% Above Rs.7.50 Lakh: 12.75%
Time to Process Loan	7 days	7 days

Fees & charges

Eligibility Criteria

Study Abroad

Study India

Security

Terms & Conditions

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