Educational Loan from Allahabad Bank Posted Date: 12 Jan 2008     Resource Type: Articles/Knowledge Sharing     Category: Education Author: Giri Member Level: Diamond     Rating: Points: 3

The bank offers education loans for higher studies in India & abroad. These include graduation courses like BA, B.Com, B.Sc among others; PG courses like masters & Ph. D; professional courses; computer certificate courses of reputed institutes; courses offered in India by reputed foreign universities; evening courses of approved institutes; other courses leading to diploma/degree conducted by colleges/universities approved by UGC/Government / AICTE / AIBMS / ICMR & other organisations; and courses offered by reputed private institutions. Banks may have their own system of appraising other institution courses. For overseas studies the bank offers loans for courses like graduation-for job oriented professional/technical courses offered by reputed universities; PG-MCA, MBA, MS, among others; and, courses conducted by CIIMA-London, CPA in USA, among others. The eligibility for students is that they should be Indian nationals; they should have secured admission to professional/technical courses; and, should have secured admission to foreign university / institutions. For studies in India maximum loan amount is Rs.7.50 lakh while for studies abroad it's Rs.15 lakh with margins applicable.

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