Way 2 Freshers

Oriental Bank of Commerce
Bank Type : NationalisedBank
Provided study loan amount in India Upto 10 Lakhs
Provided study loan amount in Abroad Upto 20 Lakhs
Eligibility : Indian nationals not above 45 years of age those who secured admission in a recognized course of an approved university (AICTE approved institutions) OR institutes recognized by a statutory body.
Margin Up to 4 lacs – NIL.Above 4 lacs for education in India – 5%.Education Abroad – 15%
Processing Fee : Up to 4 lacs – Rs. 100/-.Above 4 lacs for education in India – Rs. 500/-Education Abroad – Rs. 1000/-
Within 84 EMIs commencing 12 months after course or 6 months after getting the job, whichever is earlier.
Security : For Loans up to Rs.4.00 lac-No Collateral Security .Co-obligation of parents/guardian is must.For Loans above 4 lacs and upto Rs.7.50 lacs-No Collateral Security required, Co-obligation of parents/guardian is must, One satisfactory third party guarantee.Above Rs.7.50 lacs-Co-obligation of parents/guardian is obligatory. Mortgage of immovable property or any other tangible security like pledge of NSC/UTI/LIC (Surrender Value)/Bonds/ .Bank’s deposits (Except under tax saving scheme) etc. . having value at least equal to 100% of loan. Extension of charge on property already mortgaged with our Bank, subject to adequate residual value of security.
Documents : Admission slip, residence proof, age proof, letter from institute.
Website :www.obcindia.com