Syndicate Bank

Pre Requisites :

The candidate should submit the proof of the admissions and the fee structure with the necessary credential of the college.
Eligibility Criteria:
Any student who is a major representing himself or a minor student represented by parent or guardian of Indian nationality.
Must have secured admission on the basis of merit to professional/ technical/other courses through entrance test/selection process.
Must have secured admission to Foreign universities/Institution (for studies abroad).
Courses Eligible:
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.
Computer certificate courses of reputed institutes,Courses like ICWA, CA, CFA etc., Courses conducted by IIM, IIT, IISc, XLRI, NIFT etc.
Other courses leading to Diploma / Degree etc. conducted by colleges / universities approved by UGC / Govt./ AICTE / AIBMS / ICMR etc.
b) 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.
Students Eligibility:
Should be an Indian National.
Secured admission on the basis of merit to professional/technical courses through Entrance Test/Selection process
Secured admission to foreigh university / institutions.
Quantum of Loan:
Studies in India - Maximum Rs.10 lakhs.
Studies abroad - Maximum Rs.20 lakhs.
For loans upto Rs.4 lac - No Margin required.
For loans above Rs.4 lac - 5% for study in India and 15% for study abroad.
For loans upto Rs.4.00 lac - NIL.
For loans above Rs.4.00 lac and upto Rs.7.50 lac - 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 instalments.
For loans upto Rs.7.50 lakhs - PLR minus 2.00%
For loans above Rs.7.50 lakhs - PLR minus 2.50%
In 5 to 7 years commencing one year after completion of the course or 6 months after securing the job whichever is earlier