Andhra Bank Education Loan Scheme
Andhra Bank offers education loan to meritorious students, who wish to pursue higher education either in India or abroad.
Eligibility
- 18 to 35 years for study in other countries
- 12-30 years for studies in India
Bank documents, Academic records
Maximum Amount of Loan
- Studies Abroad : Maximum Rs. 20.00 Lac.
- Studies in India : Maximum Rs. 10.00 Lac
- Tuition fee
- Hostel fee
- Examination fee
- Books
- Project work
- Study tours
- Refundable deposits
- Air Passage and Maintenance, for Abroad Studies
- Upto Rs.4.00 lacs - guarantee of parent
- Above Rs.4.00 lacs and upto Rs 7.50 lacs - guarantee of parent
- Above Rs. 7.50 lacs - Collateral Security of suitable value & guarantee of the parent
- Upto Rs.4.00 Lacs--(BMPLR -1.25) - Presently 12.00%
- Above Rs.4.00 lacs--(BMPLR + 0.50) presently 13.75%
1 year after completion of course or 3 months after getting a job whichever is earlier.
