Synd Super Vidya - A Syndicate Bank’s Education Loan Scheme

Synd Super Vidya

A Syndicate Bank’s Education Loan Scheme

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Purpose:


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Providing financial support to deserving / meritorious students for pursuing higher education IN Reputed Business schools/ Technical / Professional Institutes in India.

Parameters
Courses Eligible	Technical courses and Post Graduate Masters degree courses and one year Executive Development Programme offered in India by Premier Technical and Management Institutes.
Quantum of Finance:	Maximum `20.00 lakhs
Margin	5%
Guarantee/Surety/Collateral Security	Guarantee of parent for loans above `4.00 lakhs. No collateral security.
Rate of Interest	BR+0.50% if interest is serviced during moratorium period, otherwise 1% additional interest 0.50% concession to girl students. However the rate of interest will not be less than the Base Rate.
Place of Sanction	Branch nearest to the permanent domicile of parent/guardian or branch nearer to the Institute
KYC norms	Applicant to submit Proof of Identity, Xerox copy of admit card, admission letter, photo of the applicant
ADD ONS	The student is eligible to  Open self introduced SB A/c with Debit cum ATM Card  Avail additional loan upto `3.00 lakhs if selected to go abroad under student exchange scheme during the second year of the course in Management, upto the maximum loan of `20.00 lakhs