Vijay Bank

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Student should be an Indian National and should have secured admission to the relevant Professional/ Technical courses in India or Abroad through Entrance Test/ Merit Based Selection process.

Courses Eligible

A) Studies in INDIA ( Indicative List )

  • Graduation courses : BA, B.Com., B.Sc., etc.
  • Post Graduation courses : Masters & Phd.
  • Professional Courses : Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
  • Computer certificate courses of reputed institutes accredited to Dept., of Electronics or institutes affiliated to University.
  • Courses like ICWA, CA, CFA etc.
  • Courses conducted by IIM, IIT, IISc, XLRI.NIFT etc.
  • Professional courses with ICFAI National College.
  • Coursed offered by M/s. Frankfinn Institute of Air Hostess.
  • Pilot Training Programme. (Government or recognized private institute approved by Director General of Civil Aviation, Government of India).
  • Courses offered in India by reputed foreign universities.
  • Evening courses of approved institutes.
  • Other courses leading to diploma/ degree etc, conducted by colleges/ universities approved by UGC/ Govt/ AICTE/ AIBMS/ ICMR etc.
  • Courses offered by National Institutes and other reputed private institutions. Banks may have the system of appraising other institution courses depending on future prospects/ recognition by user institutions.

Studies Abroad

  • Graduation: For job oriented professional / technical courses offered by the reputed university.
  • Post graduation: MCA, MBA, MS, etc.
  • Courses conducted by CIMA-London, CPA in USA, etc.
  • Pilot Training Programme offered by recognized institutions abroad approved by competent authority in that country. Example in USA the Federal Aviation Administration, Government of USA.
    The licences issued by such institutions should be convertible into corresponding Indian Licences in case the applicant desires to take up employment in India after completion of course/ training abroad, as per directives of Director General of Civil Aviation, Government of India.

Expenses Considered for Loan

  • Fee payable to college/ school/ hostel.
  • Examination/ Library/ Laboratory fee.
  • Purchase of books/ equipments/ instruments/ uniforms.
  • Caution deposit/ building fund/ refundable deposit supported by Institution bills/ receipts.
  • Travel expenses/ passage money for studies abroad.
  • Purchase of computers – essential for completion of the course.
  • Any other expense required to complete the course – like study tours, project work, thesis etc.
  • Issuance of DD favouring CET Cell
  • Fee payable to the Institution/hostel/examination fee, cost of books, travel expenses for studies abroad, purchase of computer, etc.

Loan Amount

  • Studies in India : Maximum Rs.10.00 lakhs
  • Studies abroad : Maximum Rs.20.00 lakhs


  • Upto Rs.4 lakhs : NIL
  • Above Rs.4 lakhs : Studies in India : 5 % #
    Studies Abroad : 15 % #

    # Scolarship / Assistantship to be included in the margin. Margin can be brought in as and when disbursements are made on prorata basis.

Rate of Interest

with effect from 16.04.2007 : [BPLR = 13.00%]

Amount Slab Rate of interest per annum - Floating
Upto Rs. 4 lakhs 12 .00 % [ BPLR - 1% ]
Above Rs. 4 lakhs 13.00 % [BPLR]


Repayment will commence one year after completion of course or six months after securing a job, whichever is earier

Place of Study Loan Amount Repayment Period in Years
In India Up to Rs. 7.5 lacs 5 - 7
Above Rs. 7.5 lacs 5 - 10
Abroad Up to Rs. 15 lacs 5 - 7
Above Rs. 15 lacs 5 - 10


Amount Studies in India Studies Abroad
Upto Rs. 4 lacs No Security No Security
Above Rs. 4 lacs to Rs. 7.50 lacs Suitable Third Party Guarantee Suitable Third Party Guarantee
Above Rs. 7.50 lacs to Rs. 10 lacs (India) / Rs. 15 lacs (Abroad)   Tangible Collateral security for full value of loan Tangible Collateral security of suitable value of loan or third party guarantee with assignment of future income of the student for payment of instalments
Rs 15 lacs to Rs. 20 lacs NA Tangible Collateral security for full value of loan and third party guarantee with assignment of future income of the student for payment of instalment