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SyndVidya Syndicate Bank Education Loan for Students to Study Anywhere in the World

Syndicate Bank is one of the nationalized banks of India which has witnessed the various phases of the developing nation and played a vital role in realizing it.  Syndicate Bank has been the flag bearer in terms of rural education in the country. The bank feels that education alone can empower the young talents of the country.

Syndicate Bank has taken ahead its initiative of early days by introducing the special Syndicate bank education loan called SyndVidya. This loan is easily accessible for students and well within the pocket of parents. This educational loan is an instant solution to all the educational requirements of the students. This loan is admissible for courses abroad and other super specialty courses. The scheme covers all the expense aspects including various fees and deposits.

Eligibility for availing loan under the Syndvidya Scheme

  • Any student who is an Indian national can be a major or minor. The minor is to be represented by the parent or guardian.
  • Admission to the desired course should be obtained on the basis of merit in entrance tests. However on exceptional and special circumstances certain deviation is permitted.
  • Admission letter indicating confirmation of admission to Foreign Institutions (For courses abroad).

List of Courses for which Syndicate Bank Education Loan is available

  • Within India  
  • Graduate courses like B.Sc, B.A., B.Com etc
  • Post Graduate and Doctorate courses
  • Professional courses conducted by recognized Universities
  • Courses conducted by Institutes like AIIT, IIM and IISc
  • Courses of Foreign Universities located in India
  • Courses recognized by AICTE, UGC, ICMR and AIBMS
  • Apart from these, there are endless list of courses for which Syndicate Bank Educational Loan is available.  
  • Courses Abroad
  • Professional and Technical courses offered by reputed foreign Universities
  • Post Graduation courses like MS, MCA and MBA
  • CPA and CIMA courses conducted at USA and London
  • Foreign Diploma courses

Loan Amount admissible  

The maximum amount of loan admissible for courses within India is Rs 10 Lakhs and for foreign courses it is RS 20 Lakhs.

Interest Rate

The Interest rate is linked to the PLR which is 13.25% presently.

Repayment Period

The loan can be repaid in 5 to 7 years. The repayment period commences one year after completion of the course or six months after getting a job.

The loan is specially made to cater for the requirements of the Indian students. Keeping their requirement in mind and their parent’s difficulties in amassing large amounts for higher education Syndicate bank does not even charge any documentation and processing charge. So avail the loan and realize your dreams of higher education for your child.

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