Corp Vidya- Education Loan Scheme

Student Eligibility
	Applicant should be an Indian National.
	Should have completed previous qualifying exam.
	Secured admission to professional/ technical courses through Entrance test/ Selection process.
	Secured admission to Foreign University / Institutions.
Eligible courses
A.	Studies in India
		Graduation courses : BA, B Com, B Sc.,etc.
		Post Graduation courses : Masters & Phd
		Professional courses : Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc.
		Courses like ICWA, CA, CFA, etc.
		Courses conducted by IIM, IIT, IISc, XLRI, NIFT, etc.
		Other courses leading to diploma / degree etc., conducted by colleges/ universities approved by UGC/ Govt/ AICTE/ AIBMS etc.
B.	Studies abroad
		Graduation : For job oriented professional/ technical courses offered by reputed universities
		Post graduation : MCA, MBA, MS etc.
		Courses conducted by CIMA - London, CPA in USA etc.
Expenses Eligible for Finance
	Fee payable to College/ School/ Hostel , Purchase of books/ equipment/ instruments/ uniforms, Caution deposit/ Refundable deposit supported by bills/receipts, Travel expenses/ Passage money for studies abroad.
	Any other expense required to complete the course - like study tours, project work, thesis etc.
Quantum of Finance
	Need based finance subject to repaying capacity of the parents/ student with following ceilings:
		Studies in India - Rs 7.50 lakh
		Studies abroad - Rs 15.00 lakh
Margin
	Upto Rs 4.00 lakh -                                              NIL
	Above Rs 4.00 lakh-                               Studies in India - 5 %
		Studies abroad -15 %
Security
	Upto Rs 4.00 lakh -         No security
	Above Rs 4.00 lakh -Collaterals of approved securities valued at
		100 % of the loan amount OR guarantee of third person acceptable to the bank with net worth not less than 100 % of the loan amount
Rate of Interest
	Upto Rs 4.00 lakh - 11.00 % p.a.
	Above Rs 4.00 lakh - 10.50 % p.a.
Repayment Holiday
	Course period + one year or 6 months after getting job, whichever is earlier.
Repayment
	The loan to be repaid in 5 - 7 years after commencement of repayment

Important
Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.

Head Office
Mangaladevi Temple Road, Pandeshwar
Mangalore - 575 001
Gen: 0824-426416-20, Fax: 0824-441208(D), 425213
E-Mail: cmd@corpbank.com
Website: www.corpbank.com