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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:

  • The rate of interest is MCLR (at present it is 8.75).If the student is not ready to pay the interest during moratorium period interest rate will be 1% more than the MCLR IE 9.75% at present.
  • 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
Online Application
Scheme Guidelines

AXIS BANK

Axis Bank has customized a special education loan product for the students of your esteemed institute for PGDM, PGDM-Healthcare & PGDM-BKFS.

Axis Bank Circular

Credila HDFC BANK

Credila HDFC is India's first dedicated Education loan company and is registered under the Companies Act, 1956. Credila has provided education loans to thousands of Indian Students pursing higher education in India & Abroad.

credila HDFC Bank Circular

Indian bank

Eligibility: Indian students admitted to the institute

Eligible Courses: Any course conducted at TAPMI

Purpose: To meet Tuition Fees, Cost of books, Hostel/Mess charges, Laptop/living expenses, Insurance, Student Exchange Programme etc.

Loan Amount: Collateral free loan up to a maximum of Rs. 30.00 lakh.

Rate of Interest: MCLR+0.60% i.e. 9.20% p.a. presently (floating)

Margin: Nil

Security: Nil (Father’s/ Guardian’s/ Spouse’s co-obligation is sufficient)

Processing charges: Nil

Moratorium period: One year after completion of studies.

Repayment: Upto 15 years

Prepayment charges: Nil

Documents requirement:

i. Admission offer letter from TAPMI and Programme Fees details.

ii. Scholarship details, if any.

iii. Copy of marks sheet and pass certificate from class 10th onwards.

iv. PAN Card (for student and co-applicant both)

v. Address proof (for student and co-applicant both)

vi. Photographs: 4 (for student and co-applicant both)

vii. Details of all existing Loans (for student and co-applicant both)

viii. ITR/Form-16/ Salary Slips, if available (for co-applicant)

ix. 6 Months' Bank Statement (for co-applicant)

Indian Bank Circular

Oriental Bank of Commerce

Oriental Education Loan Customized for TAPMI

Oriental Bank of commerce, a Leading Nationalized Bank, head office located in Gurgaon offers Education Loans Customized for the Premier Management institute TAPMl.

Salient Features of the scheme are:

1. Competitive lnterest Rate i.e.,MCLR+0.50% ( 0.50% concession for girl students)

2. Simple interest rate during Moratorium Period (study Period + 1 Year Grace period)

3. Flexible Repayment period : 15 years

4. Loan Upto Rs.10 Lakhs without Security.

5. NIL Processing fee

6. Nodal Branch: Udupi, Mangalore

For more details visit: https://www.obcindia.co.in/ or 1800-180-1235 (TollFree) or 7022038151/14811491150

Oriental Bank of Commerce Circular

Avanse Education Loan

Avanse is a new age education finance company with a vision ‘To empower the Indian youth in their quest for a better future, by fuelling their aspirations through easy access to education finance’.

  • Avanse aims to provide hassle-free and 100% education finance to Indians students, to study in India & abroad.
  • Customized solutions and flexible repayment plans
  • Encouraging and mentoring the holistic development of all students, through underwriting innovation, accessibility & trustworthiness.
Avanse Education Loan Circular