| Eligibility : Student
- Should be an Indian National.
- Secured admission on the basis of merit to professional/technical
courses through Entrance Test/Selection process. Deviations/relaxations
are also permitted under special circumstances.
- Secured admission to Foreign universities/ Institution (for studies
abroad).
- The student who is a major representing himself or a minor student
represented by parent or guardian.
Courses
a) Studies in India
- Graduation: B.A., B.Com, B.Sc., etc.
- Post graduation: Masters & Phd.
- Professional courses: Engineering, Medical, Agriculture, Veterinary,
Law, Dental Management, Computer etc. In respect of Management studies,
apart from University affiliation, course should also be approved
by All India Council for Technical Education. For Computer education,
the recognised training Institute should have accreditation of DOE,
Govt of India to conduct the course under Department of Electronics
Accreditation of Computer Course (DOEACC) Scheme.
- Computer certificate courses of reputed institutes accredited to
Department of Electronics or Institutes affiliated to Universities.
- Courses like ICWA, CA, CFA etc.
- Courses conducted by IIM, IIT, IISc, XLRI, NIFT etc.
- 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 acceptable to the Bank.
a) Studies abroad
- Graduation : For job oriented professional/technical courses offered
by reputed universities.
- Post Graduation: MCA, MBA, MS. Etc.
- Courses conducted by CIMA-London, CPA in USA etc.
- Other Foreign Diploma courses are not eligible.
Loan Details
Coverage of Expenses
- Need based finance to meet expenses such as fee payable to college
/ school / hostel, examination fee, cost of books, travel / passage
fare for studies abroad etc.
- Capitation fee / donation / external coaching fee are not eligible
for finance.
Quantum
- For studies in India - maximum Rs. 10 lacs
- For studies Abroad - maximum Rs. 20 lacs
Margin
- For loans up to Rs.4.0 lacs - No Margin
- For loans above Rs. 4 lacs
- Studies in India - 5%
- Studies abroad - 15%
Security
- Upto Rs. 4 lacs - No Security
- For loans above Rs.4.00 lac and upto Rs.7.50 lac - Collateral in
the form of satisfactory third party guarantee acceptable to the Bank
- For loans above Rs.7.50 lac - Collateral security with 25% margin
covering the loan amount and assignment of future income of the student
for payment of loan installments
NOTE: In all the above cases, the parent / guardian shall join the
transaction as co-borrower
Rate of Interest
- For loans upto Rs.4.00 lakhs - PLR minus 1.50%
- For loans above Rs.4.00 lakhs - PLR minus 1.00%
- Girl students and students belonging to SC/ST category are eligible
for concession of 0.50% on the above rates.
- Girl students under SC/ST category are eligible for a further concession
of 0.25% on the above rates.
(Total concession of 0.75%)
- Simple interest to be charged during the Repayment holiday/Moratorium
period.
- Penal interest to be charged as applicable
- No processing charges/service charges are levied for educational
loans
Repayment In 5 to 7 years commencing one year after
completion of the course or 6 months after securing the job whichever
is earlier.
Contact Details
Head Office
Syndicate Bank,
Post Box No.1, Manipal- 576 104, (Udupi Dist) Karnataka
Phone (EPABX): 0820-2571181 to 2571196 (16 lines)
Fax : 0820-2570266
Corporate Centre
Syndicate Bank,
II Cross, Gandhinagar, Bangalore-560 009, Karnataka
Phone : 080- 2226 7545 / 2226 7548 / 2226 6889 / 2226 6256 / 2226 5959
Fax : 080-2220 1134
Website : visit
Syndicate Bank Regional Offices
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