Adiyogi Enterprises proudly partners with Central Bank of India to help you achieve your educational aspirations with affordable and accessible education loans. With interest rates starting from just 8.30% per annum, Central Bank of India offers education loans for courses in India and abroad, with loan amounts ranging from Rs 10 Lakhs to Rs 20 Lakhs.
| Interest Rate | Starting from 8.30% per annum |
| Loan Amount | Up to Rs 20 Lakhs |
| Loan Tenure | Up to 15 years |
| Processing Charges | Nil for loans up to Rs 7.5 Lakhs; 0.50% of loan amount (minimum Rs 500) for loans above Rs 7.5 Lakhs |
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Central Bank of India Education Loan is available for students who are Indian nationals and have secured admission in a recognized course at a reputed institution. The applicant must be between the ages of 16 and 35 years. Both undergraduate and postgraduate courses are eligible for the loan.
The required documents include proof of identity (Aadhaar, Passport, etc.), proof of address (electricity bill, rent agreement, etc.), admission letter from the educational institution, academic certificates, and income proof of the co-borrower (usually parents).
The interest rate on Central Bank of India Education Loans starts from approximately 8.75% per annum. The rate may vary depending on the loan amount, course, and applicant’s credit history.
Central Bank of India offers education loans up to INR 10 lakhs for studies in India and up to INR 20 lakhs for studies abroad, depending on the eligibility of the applicant and the course chosen.
The repayment tenure for the Central Bank of India Education Loan can extend up to 15 years, depending on the loan amount and the course. The repayment starts after the course completion or 6 months after course completion, whichever is earlier.
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