Andhra Bank Educational Loans details | www.andhrabank.in
Andhra Bank
Homepage URL : http://andhrabank.in/
Bank Type : Nationalised Bank
study loan amount in India : Upto 10 Lakhs
study loan amount in Abroad : Upto 20 Lakhs
Loan Coverage :
To meet cost of Tuition fee, Hostel fee, Examination fee, Books, Project work, Study tours, and Refundable deposits. For abroad studies AIR PASSAGE and Maintenance.
Up to Rs.4.00 Lacs Exempted. Above Rs.4.00 Lacs 5% In India 15% for Abroad Studies.
Interest rate(IR):
Up to Rs.4.00 Lacs–(BMPLR -1.25) – Presently 11.75%.Above Rs.4.00 lacs–(BMPLR + 0.50) presently 13.50%.(BMPLR at present: 13.00%)
Security:
Up to Rs.4.00 Lacs guarantee of parent.Rs.4.00 to 7.50 lacs – guarantee of the parent. Above Rs.7.50 Lacs–Collateral Security of appropriate value and security of the parent
