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  ABHYUDAYA CO-OPERATIVE BANK LTD.
  MULTI STATE SCHEDULED BANK
   

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Tuesday, 22-Aug-2017  08:59:34 AM
 
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Education Loan
 
 
 Scheme for Education Loan for higher Education in India and Abroad
PURPOSE Studies in India (Indicative List)
  • Approved courses leading to graduate/post graduate degree and PG diplomas conducted by recognized colleges / universities recognized by UGC / Govt. / AICTE / AIBMS / ICMR etc.
  • Courses like ICWA, CA, CFA etc.
  • Courses conducted by IIMs, IITs, IISc, XLRI. NIFT,NID etc.
  • Regular Degree / Diploma courses like Aeronautical, pilot training, shipping, etc., approved by Director General of Civil Aviation / Shipping, if the course is pursued in India.
  • Approved courses offered in India by reputed foreign universities.
The above list is indicative in nature. Bank may approve other job oriented courses leading to technical / professional degrees, post graduate degrees / diplomas offered by recognized institutions under this scheme

Studies Abroad:-
  • Graduation : For job oriented professional / technical courses offered by reputed universities.
  • Post graduation : MCA, MBA, MS, etc.
  • Courses conducted by CIMA-London, CPA in USA etc.
  • Degree / diploma courses like aeronautical, pilot training, shipping etc provided these are recognized by competent regulatory bodies in India / abroad for the purpose of employment in India / abroad.
Expenses considered for Loan

      i.Fee payable to college / school / hostel

       ii. Examination / Library / Laboratory fee

iii.  Travel expenses / passage money for studies abroad
iv.   Insurance premium for student borrower, if applicable
v.     Caution deposit, Building fund / refundable deposit supported by Institution bills / receipts.
vi.     Purchase of books / equipments / instruments / uniforms
vii.    Purchase of computer at reasonable cost, if required for completion of the course
viii.     Any other expense required to complete the course - like study tours, project work, thesis, etc
 ix.     While computing loan required, scholarships, fee waiver etc.,if any available to the student borrower may be taken into account.
  x.    If the scholarship component is included in the loan assessment, it may be ensured that    the scholarship amount gets credited to the loan account when received from the Government
 
 
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