Andhra Bank: Education Loans

Education Loan Eligibility Criteria of Andhra Bank

If you want take the Education Loan of Andhra Bank, You are eligible for the education loan if you fulfill the following criteria:

A student who has secured admission or is already studying in any IIM, IIT, Indian Institute of Science, Bangalore, Jamnalal Bajaj Institute of Management, Mumbai, XLRI Jamshedpur, Roorkee Engineering College of Indian School of Nines Dhanbad.

Amount of Education Loan-Andhra Bank

The loan will be in the form of a package which will cover entire tuition fees, hostel and mess charges, library fees of any other fees / charges payable to the institution subject to a maximum of Rs. 2.50 lacs .

Period of Education Loans in Andhra Bank

Loan repayable in 48 Equated Monthly

Installment (EMI) of Education Loan

The EMI will commence one year after the completion of the course or whenever it is earlier. The interest, however, will be realized during the pendency of the loan on a quarterly basis. Rate of Interest : Daily Reducing Balance (subject to change as per RBI guidelines) Upto 2,00,000/- p.a

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