Andhra Bank offers education loan to meritorious students, who wish to pursue higher education either in India or abroad. This bank was founded by Dr. Bhogaraju Pattabhi Sitaramayya. Registered on 20th November, 1923, it started operations from 28th November, 1923 with a capital of Rs.1 lacs and an authorized capital of Rs.10 lacs. Browse through this page to collect more information on Andhra Bank education loans.
Education Bank Loan in India : Andhara Bank
Dr Pattabhi Vidya Jyothi Scheme
AB Career Advancement Loan Scheme (ABCALS)
12 to 30 years for the students wants to study in India
18 to 35 years for the students wants to study in other countries
To meet cost of Tuition fee
Air Passage and Maintenance, for Abroad Studies Quantum Maximum
The maximum quantum loan amount is Rs. 10.00 Lacs for students studies in India
The maximum quantum loan amount is Rs. 20.00 Lacs for students studies Abroad Margin
There is no any margin for the loan up to Rs.4.00 Lacs
In India 5 percent margin is required on the loan amount above Rs.4.00 Lacs and 15 percent for the students studies abroad.
Guarantee of parents are considered on loan amount Rs. 4.00 Lacs
For the loan between Rs. 4.00 Lacs and 7.50 Lacs, parent's guarantee is considered.
For the loan above Rs.7.50 Lacs, collateral security and parent's guarantee is required.
Coverage of the expenses
Phone - (040) 2323 0001
Fax - (040) 2323 4583