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What are the Course Eligible For Education Loan ?

Courses Eligible : a) Studies in India: i) Approved courses leading to graduate/ post graduate degree and P G diploma conducted by recognized colleges/ universities recognized by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc. ii) Courses like ICWA, CA, CFA etc....

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What is the Quantum of Finance Under Education Loan ?

Need based finance to meet the expenses worked out as per eligible expenses referred above will be considered taking in to account margins as per Sl no 5 mentioned below subject to the following ceilings: -Studies in India -Maximum upto...

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How To Get Education Loan for Nursing Courses ?

The Indian Nursing Council gives permission to Nursing colleges to start new courses for a period of 1 year which is renewed on a yearly basis. The practice of renewing the permission is done on a year-to-year basis for both...

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How To Get Education Loan By NRI’s ?

Requests received from NRIs can be considered if student is Indian passport holder and they meet other eligibility requirements. However, it would be necessary to accept as security any collateral which is enforceable in India.

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What is External Commercial Borrowing (ECB) ?

ECB refer to borrowings by corporate & FIs from international market. ECBs are part of India? overall external debt. ECB is permitted for import of capital goods, implementation of new projects, modernisation of existing production units. Use of ECB for...

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What is Loan Amortization ?

This is generally the term used in paying Loan installments.The reduction of an amount at regular intervals over a certain time period.

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What is Perpetual Bonds ?

These are securities without any maturity.

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What is Trust Receipt (TR) ?

Goods pledged as security or covered under a bill purchased, can be given to the borrower against a TR for enabling him to sell & deposit sale proceed to the Bank & return unsold goods to Bank. This TR finance...

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