Indian Banks Association has formulated revised Model Scheme on Educational loans for higher studies in India and Abroad and Model Educational Scheme for Vocational Courses. This scheme covers only merit channel seats for the following courses.
Educational loans can be sanctioned for the following purposes:
The courses eligible for finance are:
Expenses considered for loan:
However, hostel fees will NOT be considered if the student is studying at the place where his parents/guardian is residing. Students residing outside in the hostel can be paid Boarding fees subject to a maximum of Rs.50000/- per year.
Quantum of Finance:
STUDIES IN INDIA – Maximum upto Rs.10.00lakhs.
STUDIES AT ABROAD – Maximum upto Rs.20.00 lakhs.
For more details, Please contact nearest branches of Chaitanya Godavari Grameena Bank.