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Allahabad Bank Educational Loans

Students who are interested in further studies and running short of financial resources, need not worry any more that a wide range of Education loans are available in almost all the nationalized and private Banks of India. There are loans offered in different categories in terms of duration, terms and merits and are offered to deserving students pursuing education either in India or abroad.

According to the RBI guidelines, for studies within the country the ceiling of the loans provided is approximately Rs.7.5 lac, while it is Rs.15 lac for higher studies abroad.

The types of the student loan schemes available in the banks in India differ from Bank to Bank. The names of the schemes also vary from Bank to Bank.

Graduation/Post graduation/Professional course in any discipline or any other course approved by Government. Generally, all employment generating courses are eligible for education loans.