[Kavita]

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I want to apply for Education Loan in Central Bank Of India so can you please provide me the application form to apply for loan?

[Vishal Kotkar]

Central Bank Of India offer Cent Vidyarthi for pursuing higher studies, in India & Abroad.

Central Bank of India Loan Application Form




Here I am attaching a pdf file of form

Cent Vidyarthi

Eligibility

Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test/ Merit Based Selection process after completion of HSC(10 plus 2 or equivalent).

Where there is no entrance test/merit based selection process and admission is purely based on the marks scored in qualifying examinations, the student should have scored minimum 50% marks in qualifying examination. (10% relaxation for SC/ST categories)

The student should be an Indian National.

Nature of Facility
Term Loan

Maximum loan amount-

Rs. 10 lakh for studies in India.
Rs. 20 lakh for studies abroad.
The ceilings fixed for studies in India and abroad correspond to the limits fixed by the RBI for treatment as priority sector lending.
No maximum celling if loan amount secured by 100% collateral security.

Margin-

Upto Rs. 4 lacs: NIL,
In India Above Rs. 4 lacs: - 5% ,
In Abroad Above Rs. 4 lacs: - 15% Margin
(Scholarship may be included in margin.)

Processing Fees-

No processing / upfront charges may be levied on loans for studies in India sanctioned under the scheme.

For studies abroad, Rs.500/- for loan up to Rs.10 lakh and Rs.1000/- for loan above Rs.10 lakh will be charged while considering the applications, but refunded when loan is availed by the student i.e. within 6 months from the date of sanction.

For further details please contact their nearest branch or call on the toll free no. 1800 22 1911

Contact-

Central Bank of India
Chander Mukhi, Nariman Point
Mumbai – 400 021
Tel.: 022 – 6638 7777

Call center toll free no ( 24 hours ) .-1800 22 1911