Syndicate Bank has given a wonderful offer to the students who are studying the higher studies. The Syndicate Bank Students Loan provide loan to poor students who are search for the loan and Fail to get loan. The good news to those who want to take loan can apply online or through the official website. The Eligibility for the students studying in India was He must be an INDIAN and He had get an Admission into the colleges for Professional Engineering, Medicine, Law, Management, Nursing, Veterinary, PGDRIM, CA, ICWA, CFA, IIT, IIM, IISC ,XLRI, NIFT and other courses and Technical Course and other Courses like diploma, degree etc…, conducted by the colleges and university approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc. and the Courses offered by private institutes and national institutes that are acceptable to the bank and candidates can get the Admission through the Entrance Exam or Selection process can apply the Loan. The students can also apply through the Direct link provided. The Syndicate Bank Students Loan Maximum Loan Amount provided by the Syndicate Bank to the students is 10 Lakhs for the students studying in INDIA. The Maximum amount given to the students who want to study in Abroad is 20 Lakhs. The Amount of Interest provided to the indian student up to or below 4,00,000 is NIL and The Amount of Interest provided to the indian student up to or above 4,00,000 is 5% to the students studying in India and 15% to the students studying in Abroad. The Syndicate bank has made very helpful to the students who want to study higher studies but drop because of lack of money. This is a great offer to the students who want to study higher studies. The Merit students who want to study in Abroad can apply to the Loan and Study to fulfil their dreams. The students can download the application form through below.
Syndicate Bank Students Loan :
The Syndicate Bank has introduced the concept of education loans as usually done in the olden days to publicized the banks to the Nationalisation of Banks and also to help the students. The Bank was also the first to set up a string of Rural Training Institutes aimed at empowering the young India in rural areas through providing education loans. The Continuing this commitment to education loans, The Bank has introduced a comprehensive Education Loan Scheme which is more student responsive and parent friendly. The Scheme covers the total educational needs from the school education to super speciality courses including Professional and Abroad courses. The Syndicate Bank Students Loan scheme makes available need based finance to cover expenses related to education such as fees payable to College, Hostel, Examination, Library, Laboratory fees, caution deposit/building fund/refundable deposit up to 10% of tuition fee, Cost of Books, Equipments, Travel expenses for studies abroad etc. Only capitation fees, donation or external coaching fee are not covered. The Syndicate Bank Students Loan scheme carries liberal limits of Rs. 10.00 lakhs for courses within the country and Rs. 20.00 lakhs for Abroad courses.The security provided for the loan is Nill up to 4,00,000. The Syndicate Bank Students Loan for 4,00,000 to 7.5 Lakhs should provide the legal bond acceptable third party Guaranteed to the bank. The students who want to take loan More than 7.5 Lakhs should provide legal bond with 25% margin covering the loan amount and legally bond to pay future income of the student for payment of loan instalments.For loans up to Rs. 4.00 lakhs – PLR minus 1.50%. For loans above Rs.4.00 lakhs – PLR minus 1.00%. Girls and students belonging to SC/ST category are eligible for concession of 0.50% on the above rates. Girls under SC/ST category are eligible for a further concession of 0.25% on the above rates. (Total concession of 0.75%)Simple interest to be charged during the Repayment holiday/Moratorium period. The Syndicate Bank Students Loan Penal interest to be charged as applicable. No processing charges/service charges are Imposed for educational loans. The Syndicate Bank Students Loan Amount is repaid in 5 to 7 Years begin one year after completion of course or 6 months after getting job whichever is earlier. The Syndicate Bank Students Loan capability certificate for students going to abroad for higher studies are also issued on production of financial and other supporting documents.
How to Apply Syndicate Bank Students Loan :
- First log on to the google.
- search for Syndicate Bank Students Loan.
- Select the correct result you want.
- Read the information completely.
- Select the Application.
- Fill the Application with Correct Information.
- Take the Print out if necessary.
- If you want to go the official website.
- The official website is www.syndicatebank.in
Here we are providing the Direct link to Download the Syndicate Bank Students Loan Application.