State bank of India

The bank offers many loans to students who want to pursue higher education. Students for school and graduate courses in India can take up to six times the net (take home) monthly income of parent, guardian, student. The loan can be minimum of 4000 extending to a maximum of rupees one lakh. Students for specialized / technical /professional post graduate studies can take 90 percent cost of he study, subject to a maximum of rupees five lakh with the margin being 10 per cent.

Courses:

Indian overseas bank

Courses:

The bank finances graduation, post graduation, diploma courses and courses in computer education institute recognised by the state/central government under vidya jyoti Education loan scheme. The loan sanction can extend up to two lakhs.

Repayment:

The loan is to be repaid in 60 monthly installments excluding the holiday period.

Security:

Dena Bank

Courses finance by Dena vidya lakshmi education loan scheme are for recognised graduate, postgraduate computer, management and technical courses. The loan amount extends upto RS. 3.5 lakhs and it should be repaid within three to five years.

Repayment:

This commences 12 months from the date of completion of studying or one month after getting a job, whichever is earlier.

Central bank of India

The bank offers loans for general/profession courses that include computer and vocational courses recognised by the government. Loans up to Rs. 7.5 lakhs is offered under the centvidyarthi finance for education scheme.

Repayment:

The loan has to be repaid within seven years, starting a year after completion of course or six months after the job, whichever is earlier.

Security:

For loans upto four lakhs no security or margin is required.

Canara bank

Courses:

Loans are sanctioned for undergraduate and postgraduate studies.

Repayment:

This starts six month after a course or when one gets a job, whichever is earlier.

Security:

For loans up to Rs. one lakh, co-obligation is required and for loans beyond one lakhs, collateral security of property and other approved securities whose value is equal to loan amount is required. The papers requires includes address and identity proof, previous mark sheet, bank deposit proof, property details.

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Bank of Baroda

Courses:

Loans are offered for all certificates/diploma/graduate courses recognised by state/central government universities and management courses approved by the all India council for technical education (AICTE). The amount of loan for technical/certificate courses is up to Rs. 50,000 and that for graduation courses Rs. 75000 except for those courses given in the box below.

a. Medicine Course: free seat up to RS. 2.25 Lakhs, payment seat up to RS 5.50lakhs.