South Indian Bank Ltd.- Education loans for study in India and Abroad- Career

Eligibility :
	Student Student should be an Indian National Secured admission to professional/ technical courses through Entrance Test / Selection process Secured admission to foreign University/ Institutions. Courses All Govt. recognized Diploma courses Engg. Degree including B.Tech, Biotechnology Engg. PG MCA M.Sc Biotechnology Computer courses recognised by Central Electronics Department (CED) Medical Degree Medical PG Management courses Full time MBA, MBM, PGDM ACA, ACS, ICWA BDS B.V.Sc & A.H M.V.Sc B.Sc Agriculture M.Sc.Agriculture B.Sc. Nursing B. Pharm Bachelor of Physio Therapy Overseas studies
Loan Details
	Coverage of Expenses Fee payable to college/school/hostel. Examination/ Library/ Laboratory fee. Purchase of books/ equipments/ instruments/ uniforms. Caution deposit/ building fund/ refundable deposit supported by Institution bills/ receipts. Travel-expenses/ passage money for studies abroad. Purchase of computers - essential for completion of the course. Any other expenses required to complete the course- like study tours, project work, thesis, etc. Quantum Need based finance subject to repaying capacity of the parents/ students with margin and the following ceilings. For studies in India - maximum Rs.7.50 Lakhs For studies Abroad - maximum Rs.15.00 Lakhs Margin Upto Rs. 4.00 Lakhs - Nil. For loans above Rs. 4 lacs - Studies in India - 15% - Studies abroad - 25% Scholarship/ assistantship to be included in the margin. Margin to be brought-in on year-to-year basis as and when disbursements are made on a pro-rata basis. Security Please contact the nearby branch
Rate of Interest
	Fixed at BPLR +TP - 2.50% ( floor 12.00%) Penal interest @2% to be charged for loans above Rs.2 lacs for the overdue amount and overdue period. Processing/ upfront charges need not be collected. 1% interest concession if the interest is serviced during the study period.
Repayment
	Repayment holiday/ Moratorium shall be Course period + 1 year (which may be extended up to 2 years in case student is not able to complete the course within the scheduled time) OR 6 months after getting job, whichever is earlier. The loan to be repaid in 60 months after the holiday as above. The accrued interest during the holiday period is to be added to the principal and repayment as EMI.

Contact Details
Head Office
South Indian Bank Ltd.
T.B Road, Mission Quarters, Thrissur 680 001, Kerala, India
Phone : +91-487-2420020, 2420058, 2420113
E-mail : Contact Now
Website : visit
South Indian Bank Ltd. Regional Offices

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Note : Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.