CBSEGuess > Articles > Carrer and Guidence > Educational Loans > Central Bank

Educational Loans in India By Central Bank

Central Bank

Cent Vidyarthi Scheme

Purpose

Aims at bringing Education within the reach of students and help them improve their prospects in life.

Courses Approved

For pursuing Graduate/Post-Graduate, Management/Job-oriented courses, Professional Courses of recognised Universities / reputed Institutes, Computer courses conducted by NIIT, APTECH, CMC, C-DAC with duration of one year and more.
For pursuing Post-Graduate course in Science, Technology, Medicine, Engineering, Management courses, Law, Accountancy leading to Master's degree or Post-Graduate Diploma in recognised University abroad.

Eligibility:

Should have consistent good academic record in previous examinations with marks over 60 % in 10th.& 12th or first grade in other cases.
(For SC/ST Second class will be sufficient).

Amount of Loan:

India Upto Rs.7.50 lakh
Abroad Upto Rs.15 lakh

Margin:

Up to Rs.4 lakh No Margin
Over Rs.4 lakh - In India 5%
Studies Abroad 15%
( Relaxation of loans upto Rs.50,000/-for SC/ST )

Rate of interest:

Upto Rs.4 lakh PLR
Above Rs.4 lakh PLR + 1%

Educational Loans by Other Banks
	Bank of India		Central Bank
	Dena Bank		Punjab National Bank
	State Bank of Hyderabad		State Bank of India
	Allahabad Bank		Bank of Baroda
	HDFC		UCO Bank
	IDBI Money Scholar		Vijaya Bank
	Indian Bank		Federal Bank Ltd.
	State Bank of Mysore		Citibank