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| COMPARE : EDUCATION LOANS |
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| Syndicate Bank Education Loan |
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| Highlights |
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Study Abroad |
Study India |
| Course |
Post Graduation |
Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Purpose |
Loan is given for Graduation : For job oriented professional/technical courses offered by reputed universities, Post Graduation: MCA, MBA, MS., Courses conducted by CIMA-London, CPA in USA etc., Other Foreign Diploma courses are not eligible. |
SyndVidya is provided to students for doing Graduation: B.A., B.Com, B.Sc., etc., Post graduation: Masters & Phd., Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental Management, Computer etc. In respect of Management studies, apart from University affiliation, course should also be approved by All India Council for Technical Education. For Computer education, the recognised training Institute should have accreditation of DOE, Govt of India to conduct the course under Department of Electronics Accreditation of Computer Course (DOEACC) Scheme, ICWA, CA, CFA, Other courses leading to Diploma / Degree etc. conducted by colleges / universities approved by UGC / Govt./ AICTE / AIBMS / ICMR etc. |
| Loan Amount |
Min. - Rs 50000
Max. - Rs 2000000
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Min. - Rs 50000
Max. - Rs 1000000
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| Margin Money |
For loans upto Rs.4 lac - No Margin required.
For loans above Rs.4 lac -15% for study abroad
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For loans upto Rs.4 lac - No Margin required.
For loans above Rs.4 lac - 5% for study in India
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| Tenure |
Min. - 5 Yrs.
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Min. - 5 Yrs.
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| Interest Rate |
For loans upto Rs.4.00 lakhs - 13.00%
For loans above Rs.4.00 lakhs - 13.50%
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For loans upto Rs.4.00 lakhs - 13.00%
For loans above Rs.4.00 lakhs - 13.50%
# Girl students and students belonging to SC/ST category are eligible for concession of 0.50% on the above rates.
# Girl students under SC/ST category are eligible for a further concession of 0.25% on the above rates.
(Total concession of 0.75%)
Penal interest to be charged as applicable
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 Fees & charges
Fees & charges
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Security
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Security |
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* For loans upto Rs.4.00 lac - NIL.
* For loans above Rs.4.00 lac and upto Rs.7.50 lac - Collateral in the form of satisfactory third party guarantee acceptable to the Bank.
* For loans above Rs.7.50 lac - Collateral security with 25% margin covering the loan amount and assignment of future income of the student for payment of loan instalments. |
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Terms & Conditions
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Terms & Conditions |
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One year after completion of the course or 6 months after securing the job whichever is earlier. |
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Show All Education Loans
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