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Central Bank of India

Max. loan (local studies Rs. 100,000 /-
Max. loan (foreign studies) Rs. 500,000/-
Maximum  upto Upto Rs. 1 lakh: 85%, over Rs. 1lakh: 75%
Maximum tenure 3 yrs
Interest (%) 14.50%
Security Yes (collateral security or equitable house mortgage)
Repayment holiday Interest payments start immediately; principal repayments
after completion of course.
Guarantors 1 to 2
Insurance policy Yes: equal to the amount of the loan.
Age 16 to 28 yrs
Courses financed Post-graduate, Professional, PhD
Marks required First class


 
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