COMPARE : EDUCATION LOANS
Central Bank of India Education Loan
Introduction
Central bank of India under the scheme cent vidyarthi provides loan to poor and needy so that they can take up basic education and to the student/ employed persons to pursue higher education. Loan can be applied for studies in India and abroad for graduation, post graduation, diploma / degree courses, etc.
Highlights
  Study Abroad Study India
Course Graduation Graduation
Loan Type Term Loan Term Loan
Loan Purpose Fee payable to College/Hostel, Examination / Library / Laboratory, Purchase of books / equipments / instruments, Caution deposit / building fund, Purchase of computer, Travel expenses / passage of money Fee payable to College / Hostel, Examination / Library / Laboratory, Purchase of books / equipments / instruments, Caution deposit / building fund, Purchase of computer
Loan Amount Maximum repayment period upto 10 years for loans upto Rs.7.50 lakh

Maximum repayment period upto 15 years for loans above Rs.7.50 lakh
Maximum repayment period upto 10 years for loans upto Rs.7.50 lakh

Maximum repayment period upto 15 years for loans above Rs.7.50 lakh.
Margin Money Upto Rs. 4 lacs : NIL
Above Rs. 4 lacs: 15%
Upto Rs. 4 lacs : NIL
Above Rs. 4 lacs is 5%
Tenure Min. - 5 Yrs.
Max. - 15 Yrs.
Min. - 1 Yrs.
Max. - 15 Yrs.
Interest Rate for boys - 12.25%
for girls, SC/ST - 11.75%
for boys - 12.25%
for girls, SC/ST - 11.75%
 Fees & charges
 Security
 Terms & Conditions
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