all about medical
 Date : 9/22/2017 
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Introduction
The Bank has introduced a comprehensive Education Loan Scheme Syndvidya, which is more student responsive and parent friendly.

The Scheme covers the entire spectrum of educational needs from the school education to super specialty courses including overseas courses. The scheme makes available need based finance to cover expenses related to education such as fees payable to College, Hostel, Examination, Library, Laboratory fees, Cost of Books, Equipments, Travel expenses for studies abroad etc. Only capitation fees, donation or external coaching fee are not covered.

 

Eligibility Criteria
Any student who is a major representing himself or a minor student represented by parent or guardian of Indian nationality.
 
Must have secured admission on the basis of merit to professional/ technical/other courses through entrance test/selection process.
 
Must have secured admission to foreign university/institution (for studies abroad).
 

 

Courses Eligible
Studies in India
  School education including plus 2 stage.
 
  Graduation courses: BA, B.Com., B.Sc., etc.
 
  Post Graduation courses: Masters & Ph.D.
 
 

Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
 

  Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to university.
 
  Courses like ICWA, CA,CFA, etc.
 
  Courses like IIM, IIT, IISc, XLRI, NIFT, etc.
 
  Courses offered in India by reputed foreign universities.
 
  Evening courses of approved institutes.
 
  Other courses leading to diploma/degree etc. conducted by colleges/universities approved by UGC/Govt./AICTE/AIBMS/ICMR etc.
 
  Courses offered by National Institutes and other reputed private institutions . Banks may have the system of appraising other institution courses depending on future prospects/recognition by user institutions.
 
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.

 

Student Eligibility
Should be an Indian National
 
Secured admission on the basis of merit to professional/technical courses through Entrance Test/Selection process.
 
Secured admission to foreign university / institutions.
 
The student who is a major representing himself or a minor student represented by parent or guardian.

 

Quantum of Loan
Need based finance to meet expenses such as fee payable to college / school / hostel, examination fee, cost of books, travel / passage fare for studies abroad etc.
 
Capitation fee / donation / external coaching fee are not eligible for finance.
 
Maximum of Rs.7.50 lac for studies in India and Rs.15 lac for studies abroad.

 

Margin
For loans upto Rs.4 lac No Margin required
 
For loans above Rs.4 lac 5% for study in India
    15% for study abroad

 

Security
For loans upto Rs.4 lac NIL 
 
For loans above Rs.4 lac Collateral security equal to the value of the loan amount.
   

 

Interest
For loans upto Rs.4 lac 10.00%.
 
For loans above Rs.4 lac 9.50%.

 

Repayment
  In 5 to 7 years commencing one year after completion of the course or 6 months after securing the job whichever is earlier.

 

Capability Certificate
  Capability certificate for students going abroad for higher studies are also issued on production of financial and other supporting documents.

Head Office
PO Box No.1, Manipal - 576 119
Karnataka
Gen: 08252-71181, Fax: 08252-70266
Website: www.syndicatebank.com


 

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