| Home | Products | Exams Date | Educational News | Admission Notification | GK | Scholarships | Online Entrance Exam | Forum | Jobs |
Andhra BankAndhra BankStudents can avail of the attractive education loan scheme if you have secured admission to or are already studying in any of the country's IIMs or IITs or in any of the designated institutes. Eligibility to get Loan from Andhra Bank:You are eligible for the education loan if you fulfill the following criteria: A student who has secured admission or is already studying in any IIM, IIT, Indian Institute of Science, Bangalore, Jamnalal Bajaj Institute of Management, Mumbai, XLRI Jamshedpur, Roorkee Engineering College or Indian School of Mines, Dhanbad. Amount of Loan-Andhra Bank:The loan will be in the form of a package which will cover entire tuition fees, hostel and mess charges, library fees or any other fees / charges payable to the institution subject to a maximum of Rs 2.50 lacs. Period of loans-Andhra BankLoans repayable In 48 Equated Monthly Installment (EMI).The EMI will commence one year after the completion of the course or whenever is earlier.The interest, however, will be realised during the pendency of the loan on a quarterly basis. Rate of Interest in Andhra Bank: (Daily Reducing Balance) (subject to change as per RBI guidelines)
Upto 2,00,000/- 12.5% p.a. Andhra Bank |