Student Education Loans by ING Vysya Bank
Amount of Loan
The amount of loan provided by the ING Vysya Bank vary with the types
of courses to be pursued. However the amount that is lent by the bank
can be broadly divided into two categories. The details are:
- For
Studies within India - A maximum loan of Rs.7.5 Lacs is provided to
candidates pursuing higher studies within India.
- For studies Abroad - The loan amount for pursuing higher studies abroad can at most be Rs. 15 Lacs.
Time for processing
The maximum time required for the processing of the loan is two weeks.
Rate of Interest
The rates of interest of educational loans provided by ING Vysya Bank
can vary from time to time. The present rate of interest is as follows:
- For studies within India: 16.5% rate of interest.
- For studies abroad: 16.5% rate of interest.
Tenures
The tenure for repayment depends on the course length.
Repayment
Repayment of loan commences after the completion of the course.
The educational loans provided by the ING Vysya Bank (erstwhile Vysya
Bank Limited) offers an amount of money which is equivalent to most
other national banks. The security conditions are also not very
stringent. Being a private sector bank having global exposure the
banking operations are faster compared to many other banks. These
facilities may prove advantageous for students who opt for educational
loans from ING Vysya banks. |