Computer certificate courses of reputed institutes accredited to Dept. of Electronics or Institute affiliated to the Universities.
Courses like ICWA, CA, CFA, etc.
Courses conducted by IIM, IIT, IISc, XLRI, NIFT, etc.
Evening courses of approved institutes.
Other courses leading to diploma/degree etc. conducted by the Colleges/Universities approved by the UGC/Govt/AICTE/AIBMS/ICMR etc.
Courses offered by National Institutes and other reputed private institutions subject to obtaining prior approval from the Credit Dept.(Operations) HO.
Studies Abroad :
Graduation: For job oriented professional/technical courses offered by the reputed university.
Post graduation: MCA, MBA, MS, etc.
Courses conducted by CIMA-London, CPA in USA, etc.
Expenses Considered for Loan -Vijaya Bank:
Fee payable to the Institution/hostel/examination fee, cost of books, travel expenses for studies abroad, purchase of computer, etc.
Loan Amount-Vijaya Bank :
Studies in India : Maximum Rs.7.50 lakhs
Studies abroad : Maximum Rs.15 lakhs
Margin :
Studies in India : Upto Rs.4.00 lakhs - Nil
Above Rs.4.00 lakhs - 5%
Studies abroad : 15%
Rate of Interest-Vijaya Bank :
Amount Slab Rate of interest per annum - Floating
Upto Rs. 4 lakhs PLR = 11.50%
Above Rs. 4 lakhs PLR + 1 = 12.50%
Repayment-Vijaya Bank:
Repayment Holiday Moratorium : Study period of the course + 1 year or 6 months after getting the job, whichever is earlier.
Security-Vijaya Bank:
Loans upto Rs.4.00 lakhs : No security
Loans above Rs.4.00 : Collateral security equal to 100% of the loan amount,
A guarantor acceptable to the bank
