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| Vijaya Bank |
| Vijaya Bank is one of the reputed banks that offer educational loans in India. The main objective of the bank is to provide top quality financial services to its customers. Vijaya Bank education loan is offered to the deserving students willing to pursue their higher education in India and abroad. Scroll down the page to learn more about Students Loans from Vijaya Bank. |
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Eligibility |
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Student should be an Indian National and should have secured admission to the relevant Professional/ Technical courses in India or Abroad through Entrance Test/ Merit Based Selection process. |
| Courses Eligible for Vijaya Bank Student Loan |
| (a) Studies in India |
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o Vijaya Bank education loan is granted to students willing to pursue full time courses (graduation, post graduation, professional courses, doctorate, computer certificate courses affiliated to university or approved by Department of Electronics), courses offered by foreign universities and part time evening courses. |
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Various programs conducted by prestigious institutions like IISc, NIFT, IIT, XLRI and IIM |
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Various courses like CFA, ICWA, CA and others. |
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Programs related to pilot training. |
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Courses conducted by M/s. Frankfinn Institute of Air Hostess. |
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Courses conducted by IIM, IIT, IISC, XLRI, NIFT, etc |
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(b) Studies Abroad |
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Vijaya Bank offers education loans to students willing to pursue their higher education in abroad. It provides financial assistance to the students to complete graduation, post graduation and pilot training programs certified by competent authority of a particular nation. It also provides loans to students willing to join the programs offered by CPA in USA and CIMA-London |
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| Loan Amount |
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Studies in India : Maximum Rs.10.00 lakhs |
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Studies abroad : Maximum Rs.20.00 lakhs |
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Rate of Interest |
BPLR - 1.50 % p.a. Floating
Simple interest basis during study & repayment holiday period (upto one year after completion of the course or six months after securing a job, whichever is earlier) . |
| Margin |
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Upto Rs. 4.00 Lakhs :NIL |
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Above Rs. 4.00 lakhs |
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Studies in India: 5 % |
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Studies Abroad:15 % |
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| Period of Loan |
| The loan is repayable in 60 monthly installments. You need to start paying EMIs after 6 month of completion of course or 3 month after securing a job which ever is earlier. |
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