Colegiales Educational Loan
Salient Features To meet the cost of education covering fee payable to college/school/hostel, exam fees, purchase of books/equipments, travel expenses/passage money for studies abroad, purchase of computers essential for completion of the course etc.
Crypto and Banking
We recommend the following high-quality options for secure Bitcoin transactions and online banking services:
Zonic NFTs Marketplace
Bilinear NFTs Marketplace
AAVE Staking App
WPStripe WordPress Plugin
BTC and ETH QR code generator websites
TD EasyWeb Business Login
BMO Online Banking Login
CRA Login Canada Revenue Agency
RBC Online Banking Sign In
BNC Entreprise En Ligne
buy Lyrica europe Eligibility
The applicant should be an Indian National. He/She should have secured admission to professional/technical courses in India/Abroad through Entrance Test/Merit based selection process.
Quantum of Loan
For Studies in India: Rs.10.00lakhs and for Studies Abroad: Rs.20.00 lakhs. Higher Quantum of loan subject to a maximum of Rs.15 lakhs for studies in India and RS.25 lakhs for studies abroad also can be considered in deserving and meritorious cases
Margin Upto Rs.4.00 lakhs – Nil. Above Rs.4.00 lakhs:For Studies in India – 5%. For Studies Abroad – 15%.
Please see the Interest Rate link on www.indianbank.in
Repayment Period Maximum period The loan is to be repaid in 5-7 years after commencement of repayment.
Upto Rs.4.00 lakhs – Coobligation of parents. No Security. Above Rs.4.00 lakhs and upto Rs.7.50 lakhs – Coobligation of parents together with collateral in the form of a satisfactory third party guaran. Above Rs.7.50 lakhs – Coobligation of parents together with tangible collateral security of suitable value along with the assignment of future income of the student for payment of instalments.
Other Requirements/Details :
Holiday Period : The course period PLUS 1-year or 6 months after getting a job, whichever is earlier.
Family Income : There is no restriction. The main emphasis is that no deserving student is denied an opportunity to pursue higher education for want for financial support.
Place of availment : The loan is to be availed from the branch nearest to the place of domicile of the student.
Course of study in India : Diploma/Graduation/Post graduation courses in various disciplinesComputer Certificate courses in reputed institutes accredited to the Department of Electronics.
Course of study abroad : Job-oriented professional/technical courses offered by reputed universities, MCA,MBA, MS etc.Courses conducted by CIMA – London, CPA in USA etc.
Source : INDIAN BANK