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Education Loans

Vidya Lakshmi

National Securities Depository Limited (NSDSL) e-Governance Infrastructure Ltd., has developed the Vidya Lakshmi Portal. This portal has facilities of education loan, scholarship and other student friendly facilities through one link. The portal is gateway to banks for education loan & has linkages with the National e-Scholarship Portal (NeSP). 26 banks have been registered so far and 52 loan schemes have been uploaded to the Vidya Lakshmi Portal.

Vidya Lakshmi

SYNDICATE BANK: SYND SUPERVIDYA SCHEME

Syndicate Bank is one of the oldest and major commercial banks of India with its head office located in Manipal. The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969 by the Government of India.

Under the Synd SuperVidya Scheme of the Syndicate Bank, educational loans have been approved for 12 Premier Management/Technical Institutes including TAPMI.

Key Features of this scheme are:

  • Lowest Interest Rate ie Base Rate+.50% (now 10.20%), 0.50% concession for girl students
  • Repayment period up to 15 years
  • Loan up to 20 Lakhs
  • Guarantee of parents above Rs. 4.00 Lakhs, No security
  • Quick Sanction
  • No processing fee
  • Nodal Branch: Manipal
SyndicateBank
e-circular (Synd Super Vidya loan scheme)

STATE BANK OF INDIA: SBI SCHOLAR LOAN SCHEME

State Bank of India (SBI) approved the inclusion of TAPMI, Manipal under SBI Scholar Loan Scheme.

Salient features of SBI Scholar loan Scheme to TAPMI:

  • Lowest Interest Rates
  • Simple interest rate during Moratorium Period
  • Repayment period upto 12 years
  • Loan upto Rs. 7.50 lakhs
  • Quick Sanction
  • Income Tax Rebate
  • No Processing Fee
  • No Prepayment/ Preclosure Penalty
  • Nodal Branch: Manipal

For more details on required documents, T & C and to download forms, please visit: SBI

(Path: Personal Banking>SBI Educational Loan> SCHOLAR LOANS)

e-circular (Inclusion in SBI Scholar loan scheme)

CANARA BANK

Canara Bank offers Vidya Turant – An Online Instant Education Loan Facility.

Canara bank Circular