Saturday, April 27, 2024
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Eligibility :
The student should be an Indian National and should have secured admission in a course run Govt Organization or supported by National Skill Development Corporation or State Skill Missions / State Skill Corporations, preferably leading to a certificate / diploma / degree, etc. issued by a Govt. organization or an organization recognized / authorized by the Govt. to do so
Minimum Age:
There is no restriction with regard to the age of the student to be eligible
for the loan.
Qualification:
As required by the enrolling institutions/organizations as per NSQF.
Loan Details
Quantum
Need based finance to meet subject to the following ceilings :
Margin :
5% Margin should be taken
Security :
No collateral or third party guarantee will be taken. However, loan is covered under Credit Guarantee Scheme of NCGTC.
Rate of Interest
MCLR (12m) + 1.50%
Processing Charges : No Processing fee
Repayment
The loan will be repaid after the moratorium period in Equated Monthly Instalments (EMIs) as follows:
Contact Details
Corporate Office -
Central Bank of India
Chander Mukhi, Narman Point, Mumbai - 400 021
Phone : 022-6638 7777
Call Center toll free no (24 hours). 1800 22 1911
Website : visit
Click here for the nearest bank branches
Note : Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.
Tags
Loan for vocational course
,
Central Bank of India Loans
,
Skill Loan Schemes
,
Vocational Education Loan
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