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Karur Vysya Bank Education Loan


International Division Karur Vysya Bank, KVB Towers, 2nd Floor, Anna Salai, Chennai - 600018. Phone - (044) 24314185/86/87, Fax - (044) 24314416, Website - http://www.kvb.co.in

Education Bank Loan in India: Karur Vysya Bank

Karur Vysya Bank was started in the year 1916 by Sri M.A. Venkatarama Chettiar and Sri Athi Krishna Chettiar with a seed capital of Rs. 1.00 lakh. Karur Vysya Bank offers Education Loans to students who are willing to continue their higher education either in India or abroad.

Eligible Criteria for Karur Vysya Bank Education Loan:

Student for Education Loan:

Should have nationality Indian
Secured admission to foreign institutes or university.
Admission should be secured to academic,technical or professional Courses

Details of Education Loan:

Coverage of the Expenses:

Fee payable to school, hostel and colleges
Laboratory, library and examination fee.
Purchase of equipments, books, uniforms and instruments. Building and caution deposit, refundable deposit supported by institution receipts and bills.
Passage money and travel expenses for the student's studies abroad.
The computer purchase required for completion of course.
Other materials required for completion of course such as project work, study tours, thesis etc.

Quantum:

The maximum amount is Rs. 10 lakh for studies in the India
The maximum amount is Rs. 20 lakh for studies in abroad.

Margin:

No margin for the amount up to Rs. 4 Lakh.
Above Rs. 4 lakh -Studies in India - 5% & Studies abroad - 15%

Disbursement:

The loan to be disbursed in stages as per the requirement /demand directly to the Institutions/ Vendors of books/equipments/instruments to the extent possible

Details & Contact:

International Division
Karur Vysya Bank,
KVB Towers, 2nd Floor,
Anna Salai,
Chennai - 600018
Phone - (044) 24314185/86/87
Fax - (044) 24314416
Website - http://www.kvb.co.in

Note:

Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.