Allahabad Bank Education Loan- Eligibility, Loan Amount.

Published: Thursday July 11, 2019 18:13

Purpose :

Educational Loan Scheme aims at providing financial support from the banking system to meritorious students for pursuing higher education in India and abroad.
PA meritorious student, though poor, is provided with an opportunity to pursue education with the financial support from the banking system with affordable terms and conditions.

Eligibility:

Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test/ Merit Based Selection process after completion of HSC (10 plus 2 or equivalent).
Where the admission is purely based on the marks scored in qualifying examinations then the cut off marks for loan eligibility is 50%.
Meritorious Students admitted under Management Quota are also eligible for loan.

Studies in India (Indicative list):
Approved courses recognized by UGC/ Govt. / AICTE/ AIBMS/ ICMR etc.

Studies abroad:
For job oriented professional/ technical courses offered by reputed universities.

Amount:

Loan Limit :
Fee payable to college/ school/ hostel and other related expenses.
Study in India:
Up to Rs.75 Lac depending on the Institute. (List of the Institutes is available on Bank’s website.)
Study abroad:
Rs.75 Lac.

For more information click here
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