No Credit for Non Recognition Studies

There is no credit for the non recognition studies

He said: Guideline is a key feature of human life. For the students who are studying reserve bank as given guidance regarding loan providing. You should approach the bank nearby to your house along with the 12th mark sheets and  permission slip for admission in colleges. Education loan can be obtained from all the public sector banks. Financing is available for all the courses. But , first it is necessary to see whether the selected course and the college is a recognized one. If there is no recognition for college or the course selected , then loan will not be sanctioned.

To study in India, Maximum amount  upto rs.4,00,000 credit can be obtained. If more than that is required then the parents have to pay 5% of the amount. For studying in abroad the parents have to pay  15% of the fees . For the first year if the amount is paid before getting the loan that amount will be given as a cash to the parents. One year after finishing the studies or six months after joining the job  repayment of  the loan is to be started. Because of studying through loan , the student should study well and he should try to get a good job .This is the speech given.



Students Getting Credit should Study Well

Students getting credit should study well

Comparing with the other students those who are getting credit should study well. If the other students are spending Rs.4,00,000 for their education ,those who are getting education loan are spending 5,40,000 along with the interest is the speech given by the state bank officer.

More than that he said : With the Intention of doing something to the country ,dhinamalar is conducting vazhikaati program. None of the students should stop their school  studies because of poverty is the reason why central government is brought up this bank loan plan. Education loan is to be prioritized in the bank and it is happening..

To obtain bank loan It is necessary to be an Indian Citizen. Students should have the Joined letter from the college .The students should have the joined letter from the college. You have to apply for the bank loan in the bank nearby from the place of your house, including the public sector branches . Education loan will be provided for all the authorized subjects. It is not only enough to join in a good college , it is also necessary to check the department selected is an authorized one.Education loan of upto Rs.10,00,000 is provided to study in India and upto Rs.20,00,000 is provided to study in abroad.

In this case , If you apply for upto  Rs.4,00,000 the bank will provide you the entire amount . If the amount is more than 4,00,000 you need to spend 5% of the amont. Bank will provide you for all the expenses like hostel, transportation, and all other expenses related to studies. However the bill has to be obtained from the college.

If computer is necessary for your studies , loan will be provided for purchasing that. If the college fees is paid before getting the bank loan that amount alone will be given in hand. For the remaining years the bank will pay directly to the college.If the family income is less than 4.5 lakhs there is concession in the interest. The marks of the students who have got bank loan will be supervised.The mark sheets of the students will be in the bank.

Graduated students should start paying the loan six months after joining the job. The bank will give time for the students till one year after completing the course. After that if the students are not paying , it is to be paid by their parents.Students who have got education loan should study well comparing the other students.If the other students are spending 4,00,000 Rs for their education those who have got education loan are spending 5,40,000 Rs along with the interest. Those who have got education loan for their studies should learn to return it back properly.Only then the project will be continued to the next generation students, he said.




Education Loan in Punjab National Bank


Punjab National Bank
Education loan amount size:
For the students studying in India , maximum amount of upto Rs.10,00,000 will be provided and for the students studying in abroad , maximum amount of upto Rs.20,00,000 will be provided.
Advance amount to be paid:
Nothing till 4,00,000 Rs.
More than Rs.4,00,000 : Students studying in India should pay 5% and students studying in abroad should pay 15% of the amount.
Interest rate:
Upto Rs.4,00,000 : B.P.L.R + Term Premium – 1.00%
More than 4,00,000 Rs: B.P.L.R + Term Premium – 0.50%
Way of repaying the loan:
One year after finishing the studies or right from 6th month after joining the job the repayment process is to be started. The loan is to be closed within 5 to 7 years.
Warranty:
Upto rs.4,00,000: No property guarantor is required.
From 4,00,000 Rs. till 7,50,000 Rs.: Third party’s guarantee is required.
More than 7,50,000 Rs: Parents , student or the third party’s assurance on the repayment of loan is required.

Education Loan in Punjab and Sind Bank


Punjab and sind bank
Education loan amount size
On the basis of students repaying the parents loan , the loan is provided.
For the students studying in India maximum amount of upto Rs.7,50,000 will be provided.
For the students studying in abroad , maximum amount of upto  Rs.15,00,000 will be provided.
Advance amount to be paid:
Nothing till 4,00,000 Rs.
More than 4,00,000 Rs – Students studying in India should pay 5% of the amount and students studying in abroad should pay 15% of the amount.
Interest rate:
Till 4,00,000 Rs.
Bank employee: B.B.L.R – 1.00%
Other public: B.B.L.R – 2.00%
More than 4,00,000 Rs.
Bank employee: P.L.R – 0.50%
Other public:B.B.L.R – 1.50%
Way of repaying the loan:
One year after finishing the loan or right from 6th month after joining the job the repayment process is to be started..
Warranty:
No Property guarantor is required till 4,00,000 rs.
From 4,00,000 till 7,50,000 Rs. – Third party’s guarantee is required.
More than 7,50,000 Rs. – parents, student or the third party’s agreeing letter is required assuring the repayment of loan.




Education Loan in Oriental Bank of Commerce


Oriental Bank of commerce
Education loan amount size
For the students studying in India, maximum amount of upto Rs.10,00,000 will be provided.
For the students studying in abroad , maximum amount of upto Rs.20,00,000 will be provided.
Advance amount to be paid:
Nothing till Rs.4,00,000
More than Rs.4,00,000 – Students studying in india should pay 5% of the amount and students studying in abroad should pay 15% of the amount.
Interest rate:
Upto Rs.4,00,000 : BR + 2.75%
More than Rs.4,00,000 : BR + 3.50%
For girls , students from SC , ST categories and for the disables 0.50% special previliages will be provided.
Way of repaying the loan:
One year after finishing the studies or right from 6th month after joining the job , the repayment of the loan is to be started. The loan amount should be repayed in 84 month instalments.
Warranty:
No property guarantor is required till 4,00,000 Rs.
From 4,00,000 Rs. till Rs.7,50,000 Rs : Third party’s guarantee is required.
More than 7,50,000 rs. : Parents , student or the third party’s agreeing letter assuring the repayment of loan is required.

Education Loan in Syndicate Bank


Syndicate Bank
Education loan amount size:
The maximum amount of upto Rs.10,00,000 will be provided for the students studying in India .
For the students studying in abroad, maximum amount of upto Rs.20,00,000 will be provided.
Advance amount to be paid:
Nothing till 4,00,000 Rs.
More than 4.00,000 Rs. – Students studying in India should pay 5% of the amount and students studying in abroad should pay 15% of the amount.
Interest rate:
Upto Rs.4,00,000 – P.L.R – 1.50%
More than Rs.4,00,000 – P.L.R – 1.00%
P.L.R.,Prime Lending Rate
Way of repaying the loan:
One year after finishing the studies or right from the 6th month after joining the job the repaying process is to be started. The loan amount is to be closed within 5 to 7 years.
Warranty:
No property guarantor is required till 4,00,000 Rs.
From 4,00,000 Rs. till 7,50,000 Rs.: Third party’s guarantee is required.
More than 7,50,000 Rs – Parents, student or the third party’s agreeing letter for the assurance of repayment of loan is required.


Education Loan in Indian Bank


Indian Bank
Education loan amount size
Maximum amount of upto Rs.10,00,000 will be provided for the students studying in India and for the students studying in abroad , maximum amount of upto Rs.20,00,000 will be provided.
More than the maximum loan amount will be provided for the efficient and capable students .
Advance amount to be paid:
Nothing till 4,00,000 Rs.
More than Rs.4,00,000 – Students studying in India should pay 5% of the amount and students studying in abroad should pay 15% of the amount.
Interest rate:
Upto Rs.7.50 lakhs – 14.00% p.a.
Above Rs.7.50 lakhs – Rs.14.25% p.a.
0.50% special previliage will be provided for girls.
Way of repaying the loan:
One year after finishing the studies or right from 6th month after joining the job the repayment process is to be started.The loan amount is to be closed within 5 to 7 years.
Warranty:
No property guarantor is required till 4,00,000 Rs.
From 4,00,000 Rs till 7,50,000 Rs :Third party’s guarantee is required.
More than 7,50,000 Rs.: Parents, student or the third party agreeing letter assuring the loan repayment is required.




Education Loan is available for you


You also can get education loan
Students who do not have adequate financial status should also study is the basic reason why the education loan is planned for.
The students who are doing higher studies can try to get the loan approval. It is necessary for the students who are trying to get education loan should prefer an authorized college and an authorized department .
Undergraduation, Post graduation , technical courses for all these courses education loan can be obtained. Apart from studying in India ,Education loan will be provided for studying in abroad even.
some educational institutions will  operate along with some few banks. If you are doing higher studies in such institutions the bank which operates along with that itself will provide you the education loan easily. Education loan of upto Rs.10,00,000 will be provided for studying in India and upto Rs.20,00,000 will be provided for studying in abroad.
Students receiving credit should submit some of the documents required by the bank along with the application. After the verification of all the documents and the applications, the bank manager will have a discussion with the student and his family members. He will discuss and come to know about the student’s father/guardian asset details, yearly income,  about the department the student is joined and all.
Interest rate
The interest rate for the education loan amount of Rs.4,00,000 and less than that would be minimum of the calculated interest.If the amount is above Rs.4,00,000 1% of the amount will be charged in addition to the lesser interest rate. But this calculation of interest rate would differ from bank to bank.Some banks are providing concession for the girl students and some banks are providing it for the boys who are studying in particular institutions.
Credit guarantor
It depends on the loan amount required by the student to get signature of the loan guarantor or keeping the Property as a guarantor. Property represents the amount having or residential agreement papers.The evidences for these are to be submitted at the time of getting the cash.For the loan of upto 4,00,000 Rs guarantor is not required . If the amount is more than that sometimes third person’s guarantor sign is required.
Repaying the loan
It is not necessary to repay the loan at the period of studying. some banks are collecting interest alone at the studying period.After finishing the studies and joining the job or after finishing the studies and one year after that repaying the loan is to be started.should not delay after one year and more to repay the loan.That too is withn 5 to 7 years the loan is to be paid .

Education Loan


The bank refused for the education loan is condemned by the court

The high court has taken action on the bank which refused to grant education loan for the daughter who applied for it because of her parents loan balance.
The high court is ordered to grant loan immediately for that student.
R.sahana, student of Rajalakshmi Engineering college , tandalam, near Chennai.she has filed a petition in the madras high court saying that she has applied for the education loan in oriental bank of commerce , mugappper in 2008 and she has received the loan in 2008 and 2009.But in 2010 tthe same bank is refused to grant education loan because of the loan balance kept by her parents who have got loan for their business.
In this situation her parents paid the third annual fees working very hard.But they are suffering a lot to pay the final year fees. so she said that the court has to order the bank to grant the loan which they promised me as granted in the first year.
The judge who worked on this petition ordered the bank to provide the remaining amount immediately to that student.The bank is being contrary to the purpose of the education loan’s plan.The bank refused to grant loan for the final year student is not correct.Because of parents loan balance , education loan should not be denied for the daughter is the Judgement given.


Education Loan in Indian Overseas Bank


Indian Overseas Bank
In Indian Overseas Bank , Education loan is provided in the name of vidhyajyothi.
Education loan amount size:
For the students studying in India , maximum amount of upto Rs.7,50,000 will be provided and for the students studying in abroad , maximum amount of upto Rs.15,00,000 will be provided.
Advance amount to be paid:
Nothing till 4,00,000 rs.
More than Rs.4,00,000 – Students studying in India should pay 5% of the amount and students studying in abroad should pay 15% of the amount.
Education scholarship will be added to the advance amount to be paid.
Interest rate:
Vidhyajyothi Higher education loan
Rs.4 lakhs  and  upto Rs.7.5 lakhs
01.08.2011

Above Rs.7.5 lakhs

One year after finishing the studies or right from 6th month after joining the job the repayment is to be started. The loan amount is to be closed within 5 to 7 years.
Warranty:
Upto 4,00,000 Rs : No property guarantor is required.
From 4,00,000 Rs. upto 7,50,000 Rs.: Third party’s guarantee is required.
More than 7,50,000 Rs: Parents, student or the third party agreeing letter assuring the repayment of loan is required.