Requirements for getting education loans

Age Limit for Graduation:
Age Limit for Graduation 28—30 years relaxable for SC/ST candidates
Documents Required:
.Completed Education Loan Application Form.
.Mark sheets of last qualifying examination
.Proof of admission scholarship, studentship etc
.Schedule of expenses for the specified course
.Two passport size photographs
.Borrower's Bank account statement for the last six months
.Income tax assessment order of last 2 years
.Brief statement of assets and liabilities of the Co-borrower
.Proof of Income (i.e. Salary slip/Form 16 etc)
Eligibility for Abroad Study:
A student is eligible for loan provided he/she is an Indian National, secured admission to Professional, technical courses of one of the identified educational institutions through Entrance Test, selection process. In case of education in the foreign University, institution (for which HO approval is required for its coverage under the Scheme), the student should have got necessary Passport, VISA formalities completed. Here are the expenses considered for loan: Fee payable to College, institute, hostel, examination, Library, Laboratory fee.Purchase of books, equipments,instruments, boarding and lodging expenses in Boarding Houses subject to production of Bills verified by the student borrower, travel Expenses/Passage money for studies abroad, purchase of computers - essential for completion of the Course, any other expense required to complete the course - like study tours, project work, thesis, etc.

List of some banks offering education loans

Allahabad Bank
Indian Overseas Bank
State Bank of Saurashtra
Andhra Bank
Karnataka Bank
State Bank of Travancore
Bank of Baroda
Oriental Bank
Syndicate Bank
Bank of India
Punjab and Sindh Bank
Thane Janata Sahakari Bank
Bank of Maharashtra
Punjab National Bank
The Saraswat Co-Op Bank
Canara Bank
South India Bank
Union Bank of India
Central Bank of India
State Bank of Bikaner And Jaipur
United Bank of India
Corporation Bank
State Bank of Hyderabad
UTI Bank
Dena Bank
State Bank of India
Vijaya Bank
Federal Bank
State Bank of Indore
UCO Bank
IDBI Bank
State Bank of Mysore
Indian Bank
State Bank of Patiala
Federal Bank

Tips for online banking

.Receive full disclosure, prior to opening your account, about the alternatives for buying and selling securities and how to obtain account information if you cannot access the firm's Web site.
.Understand that most likely you are not linked directly to the market, and that the click of your mouse does not instantaneously execute the trade.
.Receive information from the firm to substantiate any advertised claims concerning the ease and speed of online trading.
.Receive information from the firm about significant Web site outages, delays and other interruptions to securities trading and account access
.Obtain information before trading about entering and canceling orders (market, limit and stop loss), and the details and risks to margin accounts (borrowing to buy stocks).
.Review the firm's privacy and Web site security policies and whether your name may be used for mailing lists or other promotional activities by the firm or any other party.