Central Bank of India Cent Vidyarthi Scheme
Tuesday, January 21, 2020
Education & Career
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Central Bank of India - Cent Vidyarthi Scheme

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Central Bank of India Cent Vidyarthi Education Loan Scheme is a term loan scheme for students for pursuing higher studies in India and Abroad.

Eligibility : 

Loan Details

Coverage of expenses 

Need based finance subject to repaying capacity of the parents/students with margin and the following ceilings:

The ceilings fixed for studies in India and abroad correspond to the limits fixed by the RBI for treatment as priority sector lending.
No maximum celling if loan amount secured by 100% collateral security.

Margin :

Scholarship assistance to be included in margin.

Security :

Rate of Interest

As per bank rules

Male Students - MCLR+2.00%
Female SC,ST,IIT students - MCLR+1.50%



Payment directly to college / hostel / mess / airlines etc. In appropriate cases disbursement to be made to borrowers subject to satisfactory evidence. Original receipts to be submitted.


Repayment to commence 12 months after completion of studies or 6 months after securing job whichever is earlier.
Maximum repayment period upto 10 years for loans upto Rs.7.50 lakh
Maximum repayment period upto 15 years for loans above Rs.7.50 lakh. Repayment on EMI basis.

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.

   Central Bank of India Loans , Study Abroad Loan

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