Syndicate Bank Education Loans

“Syndvidya Educational loan” is the loan facility offered by the Syndicate Bank for the deserving students to carry out their education.

Eligibility of Students

Students who have secured admission on basis of merit to a professional/technical course through entrance exam/selection process in India or any of the foreign university/institution.
A major student must represent himself, while a minor student must be represented by his parents or guardians of Indian Nationality.

Course Eligibility

Graduation/ Post graduation / Professional Courses, computer courses postgraduate courses overseas etc.
Management courses approved by AICTE.
Professional courses in Engineering, Dental, Medical, Management, Agriculture, Sciences etc.
Courses like ICWA, CA, CFA and courses conducted by IIT, IIM, IIS etc.

Loan amount

A maximum of Rs.5 lakhs for studies within the country and Rs.15 lakhs for studies abroad.

Interest rate

Up to Rs.4 lakhs: PLR minus 1%
Above Rs.4 lakhs: PLR minus 1.5 %

Repayment

In 5-7 years commencing one year after completion of the course or 6 months after securing a job whichever is earlier.
For more details click the following link:
Syndicate Bank Education Loans