VIDYASAGAR EDUCATION LOAN

Eligibility

Courses

a) Studies in India

Graduation
Post-graduation including technical / professional courses with employment potential conducted by colleges / Universities approved by UGC / Govt./AICTE/Department of Electronics / IMC, autonomous institutions like IIT,IIM etc.
b) Studies abroad:

Job oriented, technical / professional courses- (graduation / post graduation
Loan Details

Coverage of expenses

Payment of course fees
Purchase of books, equipments, instruments, uniform
Payment of hostel fees, examination fees, study tours
Passage expenses (for studies abroad)
Quantum
Need based finance

For studies in India : Max. Rs.7.50 lacs
For studies abroad : Max Rs.15.00 lacs
Margin :

Upto to Rs.4.00 lacs - Nil
Above Rs.4.00 lacs
for studies in India : 5%
studies abroad : 15%
Security :
Loan is given jointly to the student and parent /guardian
Assignment of future income of the student

Upto Rs.4.00 lacs - No security
Above Rs.4.00 lacs upto Rs. 7.50 lacs - Satisfactory third party guarantee
Above Rs. 7.50 lakhs: Collateral security equal to 100% of the loan amount.
Rate of Interest

As per bank rules

Repayment

Commences one year after completion of the course or six months after getting employment, whichever is earlier.
Loan with interest is repayable in equated monthly installments within 5 to 7 years.


Contact Us

Website :

http://www.pilottraininginasia.com

http://www.pilottraininginasia.com/canarabank

http://www.pilotsjobinasia.in

http://www.pilotsjobinasia.in/canarabank

http://www.pilottraininginasia.in

http://www.pilottraininginasia.in/canarabank


Email : canarabank@pilottraininginasia.in