Education Loan of Central Bank of India- Cent Vidyarthi

Purpose of Loan 
1) For pursuing higher studies, in India & Abroad 

Eligibility

1. The student should be an Indian National. 
2. Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test/ Merit Based Selection process after completion of HSC(10 plus 2 or equivalent). 
3. Where there is no entrance test/merit based selection process and admission is purely based on the marks scored in qualifying examinations, the student should have scored minimum 50% marks in qualifying examination. (10% relaxation for SC/ST categories) 

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Education Loan of Central Bank of India- Cent Vidyarthi

Expenses considered for loan

1. Fee payable to college/ school/ hostel 
2. Examination/ Library/ Laboratory fee 
3. Travel expenses/ passage money for studies abroad 
4. Insurance premium for student borrower, if applicable 
5. Caution deposit, Building fund/refundable deposit supported by Institution bills/receipts. 
6. Purchase of books/ equipment's/ instruments/ uniforms 
7. Purchase of computer at reasonable cost, if required for completion of the course 
8. Any other expense required to complete the course - like study tours, project work, thesis, etc. 
9. While computing loan required, scholarships, fee waiver etc., if any available to the student borrower may be taken into account 

Maximum loan amount
1. Rs. 10 lakh for studies in India. 
2. Rs. 20 lakh for studies abroad. 
3. The ceilings fixed for studies in India and abroad correspond to the limits fixed by the RBI for treatment as priority sector lending. 
4. No maximum celling if loan amount secured by 100% collateral security. 

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