Corporation bank educational loan in india
Education is must in today's world.without education you can't say anyone a perfect human it can be compared with animals.don't be dipressed about financial positions of your own.now corporation bank is offering educational loan for those students who have capability but financial positions have blocked their way.so check out the best offers.
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Fetching RSS feed... please stand byMake wishes for higher education abroad with loans
With more and more private banks entering the field, it will be easier for students to get loans to study abroad. V. Kumara Swamy reportsWhen Sandeep Banerjee won a fellowship to do PhD in the US, he was ecstatic. Now all he needed was the air fare and his living expenses. He decided to approach a bank for an education loan but that, he says in retrospect, was a bad idea.
"The people handling the loan application at a bank in south Calcutta weren't even aware that a PhD in the US takes 5-7 years to complete," says Banerjee, who is doing his doctorate in English at Syracuse University, New York, after arranging for the money from other sources. Another bank finally agreed to grant him a loan, but it was of no use to him. "They said they could not give me the whole amount at one go but in instalments. Now, that wasn't of any help," Banerjee recalls.
More often than not, students, especially those seeking loans to study abroad, have similar experiences. Education loans has been designated as a priority sector by the government, but procedures to obtain educational loans continue to be long winded and "outright moronic" in Banerjee's words. The dice it seems is especially loaded against those who seek loans to study abroad.
Banks are cautious about disbursing education loans because of the high default rate. Public sector banks currently dominate this sector and the schemes offered by all of them are very similar. The upper limit for a loan to study abroad is pegged at Rs 15 lakh in most state-owned banks, although the State Bank of India does offer up to Rs 20 lakh.
Links-via-The Telegraph
BoM launches online sanction for education loans
Public sector lender, Bank of Maharashtra (BoM), today announced the launch of online sanction facility of education loans in its selected branches.
Under the facility, a student can avail upto Rs 10 lakh for studies in India and upto Rs 20 lakh in abroad.
The applicant will get an auto reply and sanction from the bank in principle online, a press release issued here stated, today.
Following this, the student can avail the loan after completing the formalities at the concerned branch, the release said.
Under the facility, a student can avail upto Rs 10 lakh for studies in India and upto Rs 20 lakh in abroad.
The applicant will get an auto reply and sanction from the bank in principle online, a press release issued here stated, today.
Following this, the student can avail the loan after completing the formalities at the concerned branch, the release said.
The cheaper education loan program?
The debate over the relative costs of the federal government's two competing Education loan programs has simmered or raged, depending on the moment, ever since the Direct Loan Program was created 15 years ago. Supporters of the direct loan program have long asserted - and various government reports have agreed - that the government-run program costs less per loan than the compare Education Loan rates, due mostly to the large subsidies that the government has paid to participating banks and guarantee agencies.
Although lender groups have long complained that the figures misrepresent the picture by leaving out some key administrative and other costs of the direct loan program - and have generated competing studies to make their case - many observers have accepted the premise that the guaranteed loan program is more expensive for the government to operate.
Many college officials and student aid experts have long since tired of the argument, but the question has been far from academic. It has driven federal policy making, including legislation in two of the last three years that designed to wring tens of billions of dollars in profit out of the lender-based loan program.
Although lender groups have long complained that the figures misrepresent the picture by leaving out some key administrative and other costs of the direct loan program - and have generated competing studies to make their case - many observers have accepted the premise that the guaranteed loan program is more expensive for the government to operate.
Many college officials and student aid experts have long since tired of the argument, but the question has been far from academic. It has driven federal policy making, including legislation in two of the last three years that designed to wring tens of billions of dollars in profit out of the lender-based loan program.
NIIT signs deal with US-based Ncomputing
NIIT has entered into a strategic alliance with US-based Ncomputing Inc to enable schools across India to offfer affordable computer education to students.
The alliance will help reduce the cost of computing in schools by 50%, the company said in a release to the Bombay Stock Exchange(BSE) today.
NIIT, which offers computer and computer-aided education to 1.5 million students across 5,000 schools, will bring its expertise and reach in schools, and Ncomputing will offer its breakthrough technology through the joint initiative. Corporation Bank offering you the best compare education loan rates for your bright future and reduces burden from your shoulders.
"NIIT is committed to making education more impactful and interactive by leveraging IT, and ensuring that the best tools and resources are made available to millions of school students. We are pleased to partner with Ncomputing to make available low-cost computing solutions to schools," said L Balasubramanian, president (school learning solutions), NIIT.
The alliance will help reduce the cost of computing in schools by 50%, the company said in a release to the Bombay Stock Exchange(BSE) today.
NIIT, which offers computer and computer-aided education to 1.5 million students across 5,000 schools, will bring its expertise and reach in schools, and Ncomputing will offer its breakthrough technology through the joint initiative. Corporation Bank offering you the best compare education loan rates for your bright future and reduces burden from your shoulders.
"NIIT is committed to making education more impactful and interactive by leveraging IT, and ensuring that the best tools and resources are made available to millions of school students. We are pleased to partner with Ncomputing to make available low-cost computing solutions to schools," said L Balasubramanian, president (school learning solutions), NIIT.
Student consolidation loan solves financial problems for students
The process of student loan consolidation is getting very popular and common these days among the students. There are many organizations offering these services for the benefits of students. This helps the students to pay the education fees easily and in a cheap way.
Information about Loan Consolidation
Various student loan consolidation programs are scheduled, in which they give counseling for applying and managing debts. Loan consolidation process involves bundling of different loans borrowed by the student, to cover their education expenditure to a single loan. With this, they have to pay one monthly payment instead of different payments and to a single lender.
Corporation Bank offering low rates education loan for the meritorious students who are discarded from their financial problems.
Information about Loan Consolidation
Various student loan consolidation programs are scheduled, in which they give counseling for applying and managing debts. Loan consolidation process involves bundling of different loans borrowed by the student, to cover their education expenditure to a single loan. With this, they have to pay one monthly payment instead of different payments and to a single lender.
Corporation Bank offering low rates education loan for the meritorious students who are discarded from their financial problems.
Tertiary education is for the privileged
One of the things I enjoy about your newspaper is the variety of opinions expressed by your regular contributors.
I don't always agree with what they say, but I am always interested to read a different point of view and to digest what I have read and relate it to what I know or believe.
I feel that it is important that we dispel the myth that white people think that black students are privileged to be where they are and his contention that tertiary education is a right.
Corporation bank's Education loan now provides a excellent secure study schemes to meritorious students.
As a white graduate, I can assure Xundu that tertiary education under the apartheid government was also a privilege. If one had no money for university or college fees, the only way to get a tertiary education was by becoming a teacher and paying back the loan from the measly salaries that were paid by the department, or by qualifying for a bursary or scholarship based on excellent matric marks. I took the first option.
I don't always agree with what they say, but I am always interested to read a different point of view and to digest what I have read and relate it to what I know or believe.
I feel that it is important that we dispel the myth that white people think that black students are privileged to be where they are and his contention that tertiary education is a right.
Corporation bank's Education loan now provides a excellent secure study schemes to meritorious students.
As a white graduate, I can assure Xundu that tertiary education under the apartheid government was also a privilege. If one had no money for university or college fees, the only way to get a tertiary education was by becoming a teacher and paying back the loan from the measly salaries that were paid by the department, or by qualifying for a bursary or scholarship based on excellent matric marks. I took the first option.
PNB Rajasthan to disburse Rs 45 cr study loan
Public sector Punjab National Bank (PNB) announced plans to provide easy study loans to students and target Rs 45 crore loan disbursements in the academic session of 2007-08.
ET reports say that no security, no margin money will be effected to students applying for education loan up to Rs 7.5 lakh for studying in India and up to Rs 15 lakh for studying abroad. It will also hold awareness camps for education loan at engineering and professional colleges in Rajastan.
ET reports say that no security, no margin money will be effected to students applying for education loan up to Rs 7.5 lakh for studying in India and up to Rs 15 lakh for studying abroad. It will also hold awareness camps for education loan at engineering and professional colleges in Rajastan.
Students prefer loans for education abroad
The stupendously rising education costs are a cause of worry to most of us. And in the present day competitive scenario where professional courses, education abroad are considered as the key to success, good education has no longer remained within affordable limits of an average middle class family. The 2001-02 Union Budget, loans through commercial banks, however, had more relaxed conditions and specified loans for educations where amount has also been increased.
The budget specifies education loans by commercial banks for all types of courses in schools and colleges in India and abroad.The loans where limit for education within India is as high as Rs 7.5 lakh and outside India is up to Rs 15 lakh.
By October end, PNB had disbursed loans to 356 students amounting to at total of Rs 6.40 crore in the zone. In Punjab, the bank sanctioned loans to 269 students. Corporation Bank, under its Corp Vidya Scheme, disbursed loans worth Rs 3.68 crore for 247 accounts (starting from April this year).
The budget specifies education loans by commercial banks for all types of courses in schools and colleges in India and abroad.The loans where limit for education within India is as high as Rs 7.5 lakh and outside India is up to Rs 15 lakh.
By October end, PNB had disbursed loans to 356 students amounting to at total of Rs 6.40 crore in the zone. In Punjab, the bank sanctioned loans to 269 students. Corporation Bank, under its Corp Vidya Scheme, disbursed loans worth Rs 3.68 crore for 247 accounts (starting from April this year).
Corp bank unveils gold-buy scheme for employed women
Public sector Corporation Bank has launched a unique loan scheme for salaried women to buy gold.
Under the "Corp Mahila Gold" scheme, employed women can avail loan upto Rs 2.5 lakh at 12.5 per cent interest to buy imported gold from the bank itself or in the form of ornaments from jewellers, bank Chairman and Managing Director K Cheriyan Varghese told reporters here.
Corporation Bank, which registered a profit of Rs 415.99 crore as on March this year, was one of the four public sector banks licensed to import gold, he said.
Under the "Corp Mahila Gold" scheme, employed women can avail loan upto Rs 2.5 lakh at 12.5 per cent interest to buy imported gold from the bank itself or in the form of ornaments from jewellers, bank Chairman and Managing Director K Cheriyan Varghese told reporters here.
Corporation Bank, which registered a profit of Rs 415.99 crore as on March this year, was one of the four public sector banks licensed to import gold, he said.
Now, laptops for farm students
If bicycles are essential for the students of the Tamil Nadu Agricultural University (TNAU) for their easy mobility on and off the field, laptops have now come to occupy a position that will make the students tech savvy.
The university has made laptops a mandatory requirement for all the 1084 freshers this year, said C Ramasamy, Vice-Chancellor, TNAU.
Stalls were put up by the State Bank of India (SBI), the Corporation Bank and top IT companies on the university premises as under-graduate students arrived on their first day.
K Vanangamudi, dean (Agriculture), Tamil Nadu Agricultural University , said the banks were extending educational loans at interest rates of 10 to 11 percent.
The university has made laptops a mandatory requirement for all the 1084 freshers this year, said C Ramasamy, Vice-Chancellor, TNAU.
Stalls were put up by the State Bank of India (SBI), the Corporation Bank and top IT companies on the university premises as under-graduate students arrived on their first day.
K Vanangamudi, dean (Agriculture), Tamil Nadu Agricultural University , said the banks were extending educational loans at interest rates of 10 to 11 percent.
Corporation bank educational loan's eligibility.
Applicant should be an Indian National and secured admission to professional/ technical courses through Entrance test/ Merit based selection process in India or abroad.
Studies in India:
Graduation Courses
B.A., B.Sc., B.Com., etc.
Post Graduation courses
Masters and Ph.D.
Professional Courses
Engineering, Medical, Agriculture, Law, Management, Computer studies, etc.
Courses like ICWA, CA, CFA, etc.
Courses conducted by IIM, IIT, IISC, XLRI, NIFT, etc.
Nursing/Teachers Training Courses for a period of one year and above from recognised colleges/institutions leading to Diploma/Degree certificate.
Other Courses leading to Diploma/Degree conducted by Colleges/Universities approved by UGC/Government/AICTE/AIBMS
Studies Abroad:
Job-oriented courses Professional /Technical courses offered by reputed Universities
Post Graduation
MCA, MBA, MS etc.
Courses conducted by CIMA, London, CPA in USA, etc.
Commercial Pilot Training both within and outside India, provided the colleges/institutions providing the training conform to the scheme guidelines
Studies in India:
Graduation Courses
B.A., B.Sc., B.Com., etc.
Post Graduation courses
Masters and Ph.D.
Professional Courses
Engineering, Medical, Agriculture, Law, Management, Computer studies, etc.
Courses like ICWA, CA, CFA, etc.
Courses conducted by IIM, IIT, IISC, XLRI, NIFT, etc.
Nursing/Teachers Training Courses for a period of one year and above from recognised colleges/institutions leading to Diploma/Degree certificate.
Other Courses leading to Diploma/Degree conducted by Colleges/Universities approved by UGC/Government/AICTE/AIBMS
Studies Abroad:
Job-oriented courses Professional /Technical courses offered by reputed Universities
Post Graduation
MCA, MBA, MS etc.
Courses conducted by CIMA, London, CPA in USA, etc.
Commercial Pilot Training both within and outside India, provided the colleges/institutions providing the training conform to the scheme guidelines
Reader Feedback
Lensmaster
RAMKUMAR wrote
in reply to Sumit Deshpande
Posted June 05, 2009
Lensmaster
ARYAN wrote
I am a 3rd year engg student & i want to know that ur bank provide a education loan for final year as i am having a live K.T.
Posted June 02, 2009
Lensmaster
Sumit Deshpande wrote
Dear SIrs,
I want to make my carer in Aviation Industry as a Commercial Pilot.
I have done my 10 2 in Physics Maths Chemistry.
The sujects required for Pilot (Physics Maths).
My Mother is working in Central Goverment.
The course fees are approx 25 lacs ,and I am planing to do this course from Austrelia.
I need to know the process required or to be initiated for the Educational loan process.
If you people can help in this to initiate.
For your ready refrance I am mentioning my E-mail Id.sumiitd@gmail.com
I expect if you would reply me as soon as possible to know the exact picture about the process.
Thank you and best regards,
Sumit Deshpande,Pune
E-mail.sumiitd@gmail.com
Posted March 10, 2009
Lensmaster
DHESALE KRUSHNA RAMNATH wrote
SIR, I WANT IO KNOW ABOUT THE LOAN FACILITES FOR PIOLOT TRAINING THROUGH IGRUA FROM SBI BANK
MY EMAIL ADDRESS
DHESALE.PRIYAKRUSHNA.KRUSHNA@GMAIL.COM
Posted February 11, 2009
Lensmaster
ajay rana wrote
my name is ajay rana from panipat har. i made a cpl pilot in trans asia aviation in new delhi
so that iwill this massage send me your bank for cpl pilot edu. loan pls contact my this no.9050698026
and my email id ajay_rana.2008@rediff.com
Posted January 16, 2009
