Abhyuday Co-Operative Bank  Education Loan:

Tough competition in every field has made a student to go for higher study as a result need for huge amount of money is required to fulfill their dreams and make them competent enough to survive in the world. Government of India and Abhyuday Co-operative Bank extends financial assistance to all those students who have good academic record and keen desire to continue further studies. Abhyuday Co-operative Bank  Education Loan is a great way of studying abroad when one is unable to qualify for a full time scholarship program.

Abhyuday Co-Operative Bank  Education Loan Interest Rate:

The Abhyuday Co-operative Bank  Education Loan interest rate is competitive and attractive for the students applying to study in India and abroad.

Abhyuday Co-operative Bank  Education Loan rate upto 10 lacs is 11.00%

Abhyuday Co-operative Bank  Education Loan rate above 10 lacs is 11.50%

Girl students are given a concession of 01%

 Abhyuday Co-operative Bank  Education Loan interest rate has a penal interest rate of 2% for studies abroad.

Abhyuday Co-Operative Bank  Education Loan Eligibility And Expenses Covered:

For Abhyuday Co-operative Bank  Education Loan can be taken for the following purposes and courses. If one wants to study in India one can go for graduation, post graduation, various professional courses and different type of computer courses. Courses which are conducted or hosted by eminent institutes like ICWAI, CA, IIM and IIT or courses offered by UGC held program qualify for Abhyuday Co-operative Bank  Education Loan eligibility.

Graduation, job oriented professional or technical courses, PG courses or MCA, MBA, MS etc. courses eligible for Abhyuday Co-operative Bank  Education Loan to study abroad are: MCA, MBA, MS and courses conducted by CIMA-London, CPA in USA etc.

The eligibility process has a process of margin money if the loan is taken for more than 4 lacs.

Studies In India 5%

Studies Abroad 15%

Other Major Qualifications For Abhyuday Co-Operative Bank  Education Loan Eligibility Are:

• To qualify for Abhyuday Co-operative Bank  Education Loan eligibility the candidate should be an Indian national.
• Admission to technical kind of courses in India is possible through Abhyuday Co-operative Bank  Education Loan eligibility.
• For admission abroad the student should have qualified in the merit selection process of the university.
• The maximum loan for studies in India is at the maximum is Rs.10 lacs
• The maximum loan for studies abroad is at the maximum is Rs. 20 lacs.

The expenses covered by the Abhyuday Co-operative Bank  Education Loan is

• College Fee
• Hostel charges
• Library charges
• Caution deposit
• Money to go abroad
• Money to purchase a computer
• Money for Study tours, Project work etc.

Abhyuday Co-Operative Bank  Education Loan Review And Documentation:

According to the Abhyuday Co-operative Bank  Education Loan review the student would need to provide the following documents for the processing of the loan.

• Fully completed loan application form
• Two Photographs
• Mark sheet for the exam one has qualified for

Abhyuday Co-operative Bank  Education Loan review and documentation for the salaried co- borrower

• Bank Statement
• Income Tax Statement for the last two years
• A brief about the asset and liabilities possessed by the borrower
• Salary slip

Abhyuday Co-operative Bank  Education Loan review and documentation for the self employed individual

• Bank Statement
• Income Tax Return
• Profit and Loss Account or Balance Sheet of the Company
• Proof of Source Of Income
• Brief about the asset and liabilities possessed by the borrower.

Abhyuday Co-Operative Bank  Education Loan Review And Application Procedure:

Abhyuday Co-operative Bank  Education Loan can be applied by visiting the nearest branch of the bank. People can go ahead and fill up the form in which the details of the student and the co- borrower are mentioned along with the necessary documentation. People can also submit the application at the branch and the loan will be disbursed in installments to the college or institute directly.

Abhyuday Co-Operative Bank  Education Loan Rate Repayment Option And Pre Closure Process:

The loan needs to be paid back within a span of 10 years from the date of disbursement of the loan. The student can avail a repayment holiday for a period of six months or till the person gets a job or whichever is earlier. The pre closure process is stated by the branch of the bank. Late fee charges will be as per the agreement.

Abhyuday Co-operative Bank  Education Loan Tax benefits: One can get tax benefits if any according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.

More details on Abhyuday Co-operative Bank  Education Loan eligibility and Abhyuday Co-operative Bank  Education Loan Rate etc. are on the official website at  http://www.abhyudayabank.co.in/