Status Check, Procedures, Facilities

Organization : Andhra Bank
Service Name : Educational Loans For Higher Studies
Applicable State/UT: All India

Website : http://andhrabank.in/english/EduLoans.aspx

Educational Loans for Higher Studies :

Student eligibility
** The student should be an Indian National.

Related : Andhra Bank Block ATM/Debit Cards : www.statusin.in/20705.html

** NRI-if student is holding Indian Passport. (Suitable Collateral Security enforceable in India is to be provided for all such proposals.)
** 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)/higher qualification.
** In case where admission is not through common entrance test and the marks secured in the qualifying examination is the only criteria adopted, the minimum cut off marks should be 65% in aggregate in the qualifying academic examination.
** Educational loans are allowed to meritorious students, who qualify in entrance examination but choose to pursue under Management quota for reasons like proximity, choice for a course of discipline or any other reasons pertaining to his academic/career interests.

Institute Eligibility:
The eligibility for loan is determined based on employability of the course and reputation of the institution concerned.

List of accredited institutions for all the courses is kept in this website. Education Loans are given to students who secure admission in accredited Institutions.

Courses eligible:
Studies in India: (Indicative list)
Approved courses leading to graduate/ post graduate degree and P G diplomas conducted by recognized colleges/ universities recognized by UGC/ Govt./AICTE/ AIBMS/ ICMR etc. Courses like ICWA, CA, CFA etc.

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

Regular Degree/Diploma courses like Aeronautical, pilot training, shipping, etc., approved by Director General of Civil Aviation/Shipping, if the course is pursued in India. Air Craft Maintenance Engg, Pre-Sea Training courses must be either a degree course recognized by a competent University or Diploma course recognized by appropriate State Govt. body to be eligible for considering loan.

Approved courses offered in India by reputed foreign universities.

Nursing Courses and Para Medical courses offered by approved institutes including admissions through management quota. The fee considered for finance is restricted to fee structure as approved by the State Government or regulatory body.

Any other course offered by institutes of repute with assured employment potential for the students and where the degrees/diplomas /certificates issued by such institutes have due recognition by Govt. Of India/State Govt./Academic Bodies duly constituted by State/Central Govt .

The list of courses contained in the websites www.ugc.ac.in, www.education.nic.in, www.aicte.org.in are considered to be eligible courses.

Off campus courses and onsite/partnership programs are not eligible for educational loans.

Education loans for Research work to the students with masters degree and is admitted as research scholar in Universities/Research institutes having due recognition.

Education loan for Home Study/Correspondence courses with contact classes or Coaching classes will not be considered.

Studies abroad:
Graduation: For job oriented professional/ technical courses offered by reputed universities.

Post graduation: MCA, MBA, MS, etc.

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

Job oriented Diploma and certificate courses pursued abroad after completion of Graduation Course in India

Reference to other courses approved for financing are as indicated in www.webometrics.info.

Diploma courses and certificate courses have not been included as eligible courses for the scheme. Post graduate studies leading to PG degrees and PG diplomas offered by reputed institutes/universities will be covered under the scheme.