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Education Bank Loan in India : Andhara Bank


Andhra Bank offers education loan to meritorious students, who wish to pursue higher education either in India or abroad. This bank was founded by Dr. Bhogaraju Pattabhi Sitaramayya. Registered on 20th November, 1923, it started operations from 28th November, 1923 with a capital of Rs.1 lacs and an authorized capital of Rs.10 lacs. Browse through this page to collect more information on Andhra Bank education loans.

Dr Pattabhi Vidya Jyothi Scheme

AB Career Advancement Loan Scheme (ABCALS)


Eligibility


Age

  • 12 to 30 years for the students wants to study in India
  • 18 to 35 years for the students wants to study in other countries


    Details of Loan


    Coverage of the expenses

  • To meet cost of Tuition fee
  • Examination fee
  • Hostel fee
  • Books
  • Study tours
  • Refundable deposits.
  • Project work
  • Air Passage and Maintenance, for Abroad Studies Quantum Maximum
  • The maximum quantum loan amount is Rs. 10.00 Lacs for students studies in India
  • The maximum quantum loan amount is Rs. 20.00 Lacs for students studies Abroad Margin
  • There is no any margin for the loan up to Rs.4.00 Lacs
  • In India 5 percent margin is required on the loan amount above Rs.4.00 Lacs and 15 percent for the students studies abroad. Security:
  • Guarantee of parents are considered on loan amount Rs. 4.00 Lacs
  • For the loan between Rs. 4.00 Lacs and 7.50 Lacs, parent's guarantee is considered.
  • For the loan above Rs.7.50 Lacs, collateral security and parent's guarantee is required.


    Details of Contact


    Head Office
    Secretariat Road,
    Hyderabad-004
    Phone - (040) 2323 0001
    Fax - (040) 2323 4583
    Website - http://www.andhrabank.in



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