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
Studies in India/Abroad : Maximum Rs. 20.00 lac.
For loan upto Rs 4.00 lacs: NIL
For loan above Rs 4.00 lacs:
Scholarship / Assistantship to be included in Margin.
Margin Money to be brought on year to year basis as and disbursements are made on a pro-rata basis
For Premier Institutes
BR+1.50% to BR+2.50% (depending on the Institutes)
For Other Institutes
Up to 4.00 Lac: BR+3.00% Above 4.00 Lac and up to 7.50 Lac: BR+2.80% Above 7.50 Lac: BR+2.50%
For Management Quota students
For Study In Abroad
For girl students, rebate @0.50% will be allowed under each slab.
Simple rate of interest will be applied during course / moratorium period and thereafter the entire outstanding interest (if servicing of interest not done during moratorium period) will be added back to the principal account and compound interest (with monthly rest) will be applied in the account till liquidation of the entire loan.
0.5% rebate will be allowed during moratorium period in case interest is serviced regularly
Rebate of 1.00% on the interest charged in the moratorium period will be provided if the interest is serviced during the study period when repayment holiday is specified for interest / repayment under the scheme.
Loan to be repaid within a maximum period of 7 years after commencement of repayment.
For loan upto Rs 4.00 lacs: No collateral security is required.
For loan above Rs 4.00 lacs and upto Rs 7.50 lacs: Satisfactory third party guarantee is required.
For loan above Rs 7.50 lacs:
2, N. S. ROAD
Kolkata- 700 001 West Bengal, India
Phone - (033) 2231 9144
Fax - (033) 2210 7425
Website - www.allahabadbank.in