Hii sir, I Wants to get the Information About the Education Loan Interest Subsidy of the Syndicate Bank ?

[prince karak]

Sundicate Bank Offer Central Scheme to provide Interest Subsidy for the period of moratorium on Educational Loans taken by students from economically weaker sections from scheduled banks under the Model Education Loan Scheme of IBA.


OBJECTIVE OF THE SCHEME:
The nomenclature of the scheme would be “Central Scheme to provide Interest Subsidy (CSIS) or the period of moratorium on Educational Loans taken by students from Economically 2 Weaker Sections from Scheduled Banks under the Educational Loan Scheme of the Indian Banks’ Association to pursue Technical/Professional Education studies in India”.


INTEREST RATES:
The interest rates charged on the educational loan shall be as per the BPLR/Base Rate of the individual Banks and as per the provisions for interest rates under the IBA Model Educational Loan Scheme.


ELIGIBILITY:

The interest subsidy under the scheme is available to the eligible students only once, either for the first undergraduate degree course or the post graduate degrees/diplomas in India. Interest subsidy, however, will be admissible for integrated courses (graduate +post graduate) also.

Interest subsidy under the scheme will not be available for those students once they discontinue the course midstream or who are expelled from the institutions on disciplinary or academic grounds. However,

the interest subsidy will be available only if the discontinuation was due to medical grounds for which necessary documentation to the satisfaction of the Head of Educational Institution will have to be given