Education and Career Forum

Hello everyone, I want to apply an education loan from Corporation Bank. I want to do BTech course. So, I would like to know about the detailed information of education loan scheme of this Bank. Kindly tell me asap.

Detailed information regarding Corporation Bank Education Loan Scheme is mentioned below :-

--> Eligibility :- You should have secured admission to higher education course in a recognised college/ university.

--> Loan amount :-
Studies in India :- Rs. 10 lakhs
Studies in Abroad :- Rs. 20 lakhs

--> Margin :-
Upto Rs. 4 lakhs :- Nil
Above Rs. 4 lakhs :- 5% for studies in India and 15% for studies in Abroad.

--> Security :-
Upto Rs. 7.5 lakhs :- Co-obligation of parent's
Above Rs. 7.5 lakhs :- Co-obligation of parent's along with tangible collateral security.

--> Processing Charges :- NIL

--> Prepayment Charges :- NIL

--> Repayment Holiday :- Course period plus one year.