Oriental Bank of Commerce Education Loan

Published: Thursday October 03, 2019 14:44

Oriental Bank of Commerce provides education loans for meritorious and aspiring students to take up a course of their choice at appealing terms and rates. Financing options are available for a wide range of undergraduate and postgraduate courses at institutions in India and abroad.

Purpose of Loan:

To provide monetary assistance to meritorious students in the form of education loan for pursuing higher studies at an institution/university of their choice at affordable terms and rates.

Eligibility For Loan
1. An Indian national. 
2. Meritorious student 
3. Secured admission to a higher education course in an institute recognized by a statutory body in India or abroad through entrance test/ merit based selection process 

Studies in India

1. Approved courses leading to Graduate/ Post Graduate degree and Post Graduate diplomas conducted by recognized Colleges / Universities approved / accredited by Government of India/ State Government/ UGC / Government /AICTE /AIBMS / ICMR or Regulatory bodies. 
2. Courses like I.C.W.A., C.A., C.F.A., etc. 
3. Courses conducted by IIMs, IITs, IISc, XLRI, NIFT, NIDetc. 
4. Approved courses offered in India by reputed foreign universities 
5. Regular Degree/Diploma courses like Aeronautical, pilot training, shipping, degree/diploma in nursing or any other discipline approved by Director General of Civil Aviation/Shipping/Indian Nursing Council or any other regulatory body as the case may be, if the course is pursued in India. 
6. Approved by Head Office and included in approved educational institutions list 
7. All Regular courses conducted by Institutions categorized as A, B and others. 

Studies in Abroad

Graduation
For job-oriented professional/technical courses offered by reputed universities. (Diploma/ Certification courses are not permissible) Post Graduation
Courses like MCA, MBA, MS etc.
Courses conducted by CIMA-London, CPA in USA etc Degree/ Diploma
Courses like Aeronautical, Pilot training, and Shipping etc.
provided these are recognized by competent regulatory bodies in India/ abroad for the purpose of employment in India and abroad.

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