Education and Career Forum

I want to know about the details of the education loan scheme for my ICSI course in Central Bank of India. I am going to apply for ICSI course, I am already graduate and I need to get an education loan for this course. Kindly let me know about Central Bank of India education loan scheme for this course.

Details of Central Bank of India Education Loan Scheme for pursuing ICSI course are mentioned below :-

--> Eligibility :-
You should have secured admission to ICSI course in a recognised college/ university through entrance examination/ merit based selection process.

--> Quantum of Finance :- Rs. 10 lakhs for Studies in India and Rs. 20 lakhs for Studies in Abroad.

--> Margin :- Nil upto Rs. 4 lakhs, 5% for Studies in India and 15% for studies in Abroad.

--> Rate of Interest :-
Male students :- MCLR + 2.00%
Female, SC, ST, IIR students :- MCLR + 1.50%

--> Repayment Holiday :- Course Period plus one year or six months after getting a job, whichever is earlier.

--> Repayment Tenure :- 10 years for loans upto Rs. 7.5 lakhs and 15 years for loans above Rs. 7.5 lakhs.