Central Bank of India Education Loan Options

    Updated on: 19 Sep 2023 8 min read

     

    The Central Bank of India is a leading public bank in India, set up on 21 December 1911. Central Bank of India, one of India's leading public sector banks, provides education loans to students seeking financial assistance for their higher education pursuits. These loans are designed to cover tuition fees, accommodation charges, exam fees, and other educational expenses, ensuring that deserving students can focus on their studies without financial stress.

    Central Bank of India's education loans cover a wide array of educational courses, both in India and abroad. From undergraduate and postgraduate programs to vocational and professional courses, students can receive financial support for a variety of fields.

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    Frequently asked questions

    What is the maximum limit of education loans in the Central Bank of India?

    The Central Bank of India offers up to INR 2 cr for secured abroad education loans. For unsecured education loans, the bank provides up tp INR 10 Lakh for studies in India and INR 20 Lakh for studies abroad.

    What is the interest rate of the Central Bank of India international education loan?

    The interest rate on education loans at Central Bank of India varies from 8.10% to 10.30%. 

    What is the limit of education loans in India and abroad?

    The Central Bank of India offers education loans to students who have gained admission to educational institutions. These loans come with a maximum repayment period of 15 years and a loan limit of up to 20 lakhs. There are no processing fees, and borrowers are not subjected to prepayment penalties.



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Written by Aman Jain

Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh students in his 8-year-long journey.


Specializes in:
Education loan , Study Abroad Admissions

0096084
Reviewed by Ankit Mehra

Ankit is the co-founder and CEO of GyanDhan. An IITK / IESE alum who previously worked at Capital One / Credit Suisse, his aim is to equalize and expand access to higher education. His interests include playing football (soccer), and basketball, trading/investing the limited money that he still has, and discussions on economics / politics.



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