Corp Vidya - Corporation Bank Education Loan Scheme

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Corporation Bank Skill Loans is for the individual who has secured admission in a course run by Industrial Training Institutes (ITIs), Polytechnics etc.

Eligibility :

Student should be an Indian National.
Any individual who has secured admission in a course run by Industrial Training Institutes (ITIs), Polytechnics or in a school recognized by Central or State Education Boards or in a college affiliated to recognized University, Training partners affiliated to National Skill Development Corporation (NSDC)/Sector Skill Councils, State Skill Mission, State Skill Corporation, preferably leading to a Certificate /Diploma / Degree issued by such organization as per National Skill Qualification Framework (NSQF).
Minimum Qualification: As required by the enrolling institutions/ organizations as per NSQF.

Loan Details

Quantum

Loans will be in the range of Rs. 5,000/- to Rs. 150,000/-.

Margin

Nil

Security :

Co-obligation of Parent/s, Grand Parent/s ( if parents are deceased)

Rate of Interest

Rate of Interest is linked to MCLR and subject to annual reset.
Simple interest will be charged during the initial repayment holiday period.

For interest rate check out this link, Corporation Bank Interest Rate

For Processing Charges - Click Here

Repayment

Repayment period (after moratorium)

Loan upto Rs.50,000 - Upto 3 years
Loan above Rs.50,000 & upto Rs.1 lakh - Upto 5 years
Loan above Rs.1 lakh - Upto 7 years

Contact Details
Corporate Office - Corporation Bank
Mangladevi Temple Road, Pandeshwar, Mangalore-575001
Phone : 91 - 824 - 2861447, 2861888
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.

Tags

Corporation Bank Loans , Skill Loan , Loan for vocational course , ITI Education Loan

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