Central Bank of India Education Loan or ?ent Vidyarthiis a one stop shop for all your education based financial needs. The loan can be availed by anyone who would like to pursue their dreams of higher studies in India or abroad. The loan has helped many deserving students by providing them the much needed financial assistance for most of the recognized courses. Central Bank of India Education Loan can be availed through the banks hassle free procedure for a better future. These loans provide the much needed assistance to all those who have not been able to qualify for a full time scholarship program due to scores or financial reasons.

Central Bank Of India Education Loan Interest Rate:

The Central Bank of India Education Loan interest rate is competitive and attractive and can be availed for study in India and abroad.

Central Bank of India Education Loan rate is 12% to 14% based on Base Rate and course for which loan is applied. Most students looking for Bank finance for higher education find Central Bank of India Education Loan interest rate very competitive and attractive and female students get a 0.50% rebate in interest rate.

Central Bank Of India Education Loan Eligibility And Expenses Covered:

Central Bank of India Education Loan rate can be availed by any resident Indian. The loan can be availed for any graduation and post graduation courses. All Recognized Courses like:

• ·ICWA
• ·CA, CFA, CS
• ·IIM, IISc, XLRI
• ·IIT, DOEACC

Loan is also offered for courses by UGC/Govt./AISCTE held programs that qualify for Central Bank of India Education Loan eligibility.

The loan applicant has to pay margin money ranging from 5-15 % of the total loan amount applied for courses in India & Abroad.

Other Qualifications For Central Bank Of India Education Loan Eligibility Are:

1For Central Bank of India Education Loan eligibility the candidate should be a Resident Indian.

2Admission to technical courses in India is possible through Central Bank of India Education Loan eligibility.

3A co-applicant is required for full time courses.

4The maximum loan for studies in India is at the maximum is Rs.10 lacs

5The maximum loan for studies abroad is at the maximum is Rs. 20 lacs.

The Expenses Covered Under The Loan Are:

1. College Fee

2Hostel and Library charges

3Caution deposit

4Money to go abroad (One Way)

5Money for Study tours, Project work, Computer etc.

Central Bank Of India Education Loan Review And Documentation:

According to the Central Bank of India Education Loan review the student would need to provide the following documents for the processing of the loan apart from Proof of Age, Signature, Identity and Residence:

1Fully completed loan application form along with Institutes Admission letter with Fee Break up.

2Two Photographs

Central Bank of India Education Loan review and documentation for the salaried co- borrower

1Bank Statement for last 6 months.

2Income Tax Statement for the last two years

3A brief about the asset and liabilities possessed by the borrower

4Latest 2 Salary slips

Central Bank of India Education Loan review and documentation for the self employed individual

1Bank Statement

2Income Tax Return

3Profit and Loss Account or Balance Sheet of the Company

4Proof of Qualification.

Central Bank Of India Education Loan Review And Application Procedure:

Central Bank of India Education Loan application forms are available at all bank branches across India. The filled up forms can be then submitted along with the loan application at the branch and the loan will be disbursed in installments to the college or institute directly.

Central Bank Of India Education Loan Rate Repayment Option And Pre Closure Process:

The loan needs to be paid back in maximum 5 to 7 years from the date of disbursement of the loan. The student can avail a 1% interest concession, if interest is serviced during study period when repayment holiday is specified for interest repayment. The pre closure charges and late fee charges can be checked at the branch.

Central Bank of India 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 Central Bank of India Education Loan eligibility and Central Bank of India Education Loan Rate etc. are on the official site at

https://www.centralbankofindia.co.in