Eligibility of Study Loan in Vijaya Bank

Student should be an Indian National and should have secured admission to the relevant Professional/ Technical courses in India or Abroad through Entrance Test/ Merit Based Selection process.

Studies in India

• Graduation Courses: BA, B.Com, B.Sc, etc.
• Post Graduation courses: Master & Ph.D
• Professional courses: Engineering, Medical Agriculture, Veterinary, Law, Dental, Management, Computer etc.
• Computer Certificate Courses of reputed Institutes accredited to Dept., of Electronic or Institutes affiliated to University.
• Course like ICWA, CA, CFA, etc.
• Courses conducted by IIM,IIT, IISc, XLRI, NIFT etc
• Professional courses with ICFAI National College.
• Courses offered by M/s. Frankfinn Institute to Air Hostess.
• Pilot Training Programme. ( Government or recognized private institute approved by Director General of Civil Aviation, Government of India).
• Courses offered in India by reputed foreign universities
• Evening courses of approved institutes.
• Other courses leading to diploma/ degree etc, conducted by college/ university approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc.
• Courses offered by National Institutes and other system of appraising other institution courses depending on future prospects/ recognition by user institution.

Studies Abroad

• Graduation: For job oriented professional/ technical courses offered by the reputed university.
• Post graduation: MCA, MBA, MS, etc
• Courses conducted by CIMA- London, CPA in USA, etc

Expenses Considered for Loan in Vijaya Bank

Fee payable to college/ school/ hostel.

• Examination/ Library/ Laboratory fee.
• Purchase of books? Equipments/Instruments/ uniforms.
• Caution deposit/ building fund/ refundable deposit supported by Institution bills/ receipts.
• Travel expenses/ passage money for studies abroad.
• Purchase of computers- essential for completion of the course.
• Any other expense required to completed the course- like study tours, project work, thesis etc.
• Issuance of DD favouring CET Cell
• Fee payable to the Institution/ Hostel/ Examination fee/ Cost of books/ Travel expenses for studies abroad/ Purchase of computers etc
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Loan Amount

• Studies in India: Maximum Rs.10.00 lakhs
• Studies Abroad: Maximum Rs.20.00 lakhs

Margin of Education Loan

• Up to Rs.4 lakhs: NIL
• Above Rs.4 lakhs: Studies in India: 5% and Studies Abroad: 15%
• Scholarship Assistantship to be included in the margin. Margin can be brought in as and when disbursements are made on pro-rata basis
• Rate of Interest : BPLR= 13.00%

Repayment of Loan

Repayment will commence one year after completion of course or six months securing a job, whichever is earlier.