Oriental Bank of Commerce : Apply for Education Loan
Organisation :Oriental Bank of Commerce
Facility :Apply for Education Loan
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Home Page :https://www.pnbindia.in/
Apply here :https://www.pnbindia.in/
Education Loan Scheme :
To provide financial support to meritorious students for pursuing higher studies in India & abroad with affordable terms & conditions.
Eligibility For Loan :
Student who is / has :
** An Indian national.
** Meritorious student
** Secured admission to a higher education course in an institute recognized by a statutory body in India or abroad through entrance test/ merit based selection process
Eligible Courses :
Studies in India
** Approved courses leading to Graduate/ Post Graduate degree and Post Graduate diplomas conducted by recognized Colleges / Universities approved / accredited by Government of India/ State Government/ UGC / Government /AICTE /AIBMS / ICMR or Regulatory bodies.
** Courses like I.C.W.A., C.A., C.F.A., etc.
** Courses conducted by IIMs, IITs, IISc, XLRI, NIFT, NIDetc.
** Approved courses offered in India by reputed foreign universities
** Regular Degree/Diploma courses like Aeronautical, pilot training, shipping, 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 the course is pursued in India.
** Approved by Head Office and included in approved educational institutions list attached file is in PDF Document Format
** All Regular courses conducted by Institutions categorized as A, B and others.
Note :
The above list is indicative in nature the other job oriented courses to technical/ professional degrees/ diplomas offered by recognized institution may be considered under this scheme.
Penal Interest :
2% over the normal rate of interest shall be charged on loan above Rs. 4.00 Lacs on overdue amount for the overdue period.
For studies in India :
Loan shall be disbursed in stages as per requirement / demand, directly to the institutions/vendors of books/ equipments/ instruments etc. to the extent possible.
For studies abroad :
In stages as per requirement/demand, directly to the institutions subject to obtention of certified copies of relevant pages of passport and visa of the student.