Education and Career Forum

Hello everyone, I am interested to study MCA program. But for studying this course I want to apply an education loan. I have a savings account in Central Bank of India. Kindly let me know the process for applying an education loan in this bank?

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Hello everyone, I am interested to study MCA program. But for studying this course I want to apply an education loan. I have a savings account in Central Bank of India. Kindly let me know the process for applying an education loan in this bank?

Students have to contact the nearest Central Bank of India branch for applying education loans. Students should have secured admission to the course through entrance test / merit based selection process for availing the education loan in Central Bank of India. There is no margin required for an education loan of up to Rs 4 Lakhs and for above Rs 4 Lakhs margin is 5% for studies in India. Students have to provide necessary security for the education loan. They have to follow the instructions given by the bank manager to obtain education loans. There is no processing charge for studies in India. Central Bank of India education loan website link is given Click Here

You can either apply online or visit a nearby Central Bank of India branch for the application. You can also download the education loan application form from the Central Bank of India official website, complete the form and submit it the bank representative.

You can also check your eligibility for an education loan through CreditMantri and apply for it.