Home / Exam Result India / syndicate bank student education loan for higher studies

syndicate bank student education loan for higher studies

Syndicate Bank was established in 1925 in Udupi, the abode of Lord Krishna in coastal Karnataka with a capital of Rs.8000/- by three visionaries – Sri Upendra Ananth Pai, a businessman, Sri Vaman Kudva, an engineer and Dr.T M A Pai, a physician – who shared a strong commitment to social welfare. Their objective was primarily to extend financial assistance to the local weavers who were crippled by a crisis in the handloom industry through mobilising small savings from the community. The bank collected as low as 2 annas daily at the doorsteps of the depositors through its Agents under its Pigmy Deposit Scheme started in 1928. This scheme is the Bank’s brand equity today and the Bank collects around Rs. 2 crore per day under the scheme.student education loan for higher studies.

(EDUCATIONAL LOAN SCHEME FOR STUDIES WITH IN INDIA AND ABROAD)PURPOSE: Providing financial support to deserving/meritorious students for pursuing higher education in India and abroad.for more detials go with below links


Students (Indian National) who 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 or equivalent.

 student education loan for higher studies


i) Approved courses leading to graduate/ Post Graduate degree, Ph D and P G diploma conducted by recognized colleges/ universities recognized by UGC/ Govt./ AICTE/ AIBMS/ ICMR

ii) Courses like ICWA, CA, CFA etc.

iii)Courses conducted by IIMs, IITs, IISc, XLRI. NIFT, NID etc.

iv)Regular Degree/Diploma courses like Aeronautical, pilot training, shipping etc., Degree/Diploma in Nursing or any other discipline approved by Director General of Civil Aviation/Shipping Indian Nursing Council or any other Regulatory body as the case may be, if pursued in India.

v)Approved courses offered in India by reputed foreign universities.

vi)Other courses leading to diploma/ degree conducted by colleges/ universities approved by UGC/Govt./AICTE/AIBMS/ ICMR etc

vii) Courses offered by National Institutes and other reputed private institutions.

viii) Courses, which are not covered under the criteria, mentioned above, RLCAC-I may take a view to consider extending Education loan under the scheme taking into account the future prospects by user institution.

ix) Teacher training course/Nursing course/ B.Ed are eligible for education loan, provided the training institutions are approved either by the Central Govt. or by the State Govt. and such courses should lead to Degree or Diploma course and not to certification course.student education loan for higher studies.

student education loan for higher studies:


i) Graduation: For job oriented professional/ technical courses offered by reputed universities.

ii) Post graduation: MCA, MBA, MS, etc.

iii) Courses conducted by CIMA-London, CPA in USA etc.

vi) Degree/diploma courses like aeronautical, pilot training, shipping etc provided these are recognized by competent regulatory bodies in India/abroad for the purpose of employment in India/abroad. Branches may use the following portal for verifying the affilications /rankings of University/Colleges


Quantum of Finance:

Need based finance subject to following ceilings: Studies in India:

Maximum `10.00 lakhs

Studies abroad:

Maximum `20.00 lakhs.

Margin :

Upto 4 lacs -Nil

Above 4 lacs

Studies in India – 5%

Studies Abroad – 15%


Upto `4 lakhs: No security. Parent(s)to be joint borrower(s).

Above `4 lakhs and upto. `7.5 lakhs ; Parent(s) as joint borrower(s), and suitable third party guarantee will be taken.

Above `7.5 lakhs : Parent(s)as joint borrower . Tangible collateral security of suitable value acceptable to bank, along with the assignment of future income of the student for payment of instalments. The security can be in the form of land/building /Govt.securities/ Public Sector Bonds/ Units of UTI, NSC, KVP, life policy, gold, and shares/ mutual fund Units/debentures, bank deposit.

Rate of Interest:

Linked to Base Rate-

1. Upto 4.00 lacs Base Rate + 2.25%

2. Above 4.00 lacs Base Rate+ 2.75%
 1% concession in applicable rate is available to children of Employees of Government Department / Public Sector Undertakings/Corporations and Blue Chip Companies, where there is tie up arrangement or corporates who give irrevocable undertaking letter.
 0.50% to SC/ST Boy students. 0.50% for Girl students of other than SC/ST category.
 0.75% for girl students of SC/ST category. The overall concession extended to these categories shall not exceed 1%

Repayment for student education loan for higher studies:


Repayment Holiday/Moratorium: Course period + 1 year or 6 months after getting job,

whichever is earlier.

For loans up to `7.50 lakhs – up to 10 years (exclusive of moratorium period)

For loans above `7.50 lakhs – up to 15 years (exclusive of moratorium period)

No prepayment penalty will be levied for prepayment of loan any time during the tenure of the loan.
Processing & Documentation Charges: Waived

Please contact your nearest Branch in your Town for further details visite offficila site for more details click here     link2

more banks offering educational loans for low interest rates 

these details are gathered from the syndicate bank official website to provide the info for the students.



Check Also

Telangana University LLM 3rd Sem Results 2018

Telangana University LLM 3rd Sem Results  2018: Telangana University has organized various Examinations like LLM, …

Leave a Reply

Your email address will not be published. Required fields are marked *