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Corporation bank Education Loan Scheme named Corp Vidya is provided to meet the expenses related to pursuing studies in India and Abroad.
Rate of Interest
Floating Rate of Interest is linked to MCLR and subject to annual reset .Simple
interest will be charged during repayment holiday period.
Concession in rate of interest at 25 bps below the applicable card rate is extended to SC/ST/Women beneficiaries for fresh loans sanctioned/ disbursed on or after 15.08.2008.
Concession in rate of interest at 50 bps (inclusive of 25 bps available for SC/ST/Women) below the applicable card rate for girl students for new loans sanctioned/ disbursed w.e.from : 04.03.2009.
Interest concession of 0.50% is extended to Physically Challenged students for loans initially disbursed on or after 20.09.2010
For interest rate check out this link, Corporation Bank Interest Rate
For Processing Charges - Click Here
Uniform repayment tenor of 15 years irrespective of loan amount.
The repayment tenor is after completion of moratorium/Initial Repayment Holiday
Initial Repayment Holiday/Moratorium is Course Period + 1 year
Corporate Office - Corporation Bank
Mangladevi Temple Road, Pandeshwar, Mangalore-575001
Phone : 91 - 824 - 2426416 to 420
Fax : 91 - 824 - 2440964
E-mail : Contact Now
Website : visit
Corporation bank Zonal Offices
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.
TagsCorporation Bank Loans , Study Abroad Loan
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