Professional Documents
Culture Documents
Associate Professor
CERTIFICATE
This is to certify that the project entitled A study on
education loan provided by STATE BANK OF INDIA with special
reference to Namrup branch. Written and submitted by Miss
Preetileena Kattrayan , a student of B.Com 6 th semester of
C.K.B. Commerce College , specialization on Accounting &
Finance to the Dibrugarh University to words partial fulfilment
of requirement for Bachelor Degree in Commerce is a genuine
record of project work under my supervision. The project report
on a part of it has not been submitted to any other
Institution/University for any degree.
Countersigned By :
Signature By :
(Dr. P.C.BORAH)
(Mr. Horeshwar Das )
Principal
Jorhat
INTRODUCTION
With time higher education is becoming expensive and
unaffordable for the common people and specially for the
people living below the poverty line. It is a burning issue for the
people of the developing country like India for which they face
scatting problems to enrole their wards/sons & daughters in the
higher education institutions to shape the destiny of their
future life which leads to human resource development and
development of the country as a whole. To combat, education
loan is provided to students by several banks, and other alike
financial institutions. A student loan for education purpose is a
type of loan which is designed to help students pay for their
higher education in terms of associated fees such as tution,
books and supplies and living expenses. It differs from other
types of loan in that the interest rate is substantially lower and
the repayment schedule is deferred while the student is still in
the learning process. It also differs in many countries in the
strict laws regulating negotiating and bankruptcy. Since loans
cannot be claimed as a matter of right as it is a debt. Therefore,
the borrower is obliged to pay back or repay the under the
same at later period. Students loan for education purpose i, e
the education loans are classified as priority sector and are to
be encouraged. These loans are to be treated as investment for
future economic development and property. Most of the
developed and developing countries have student loans
schemes and India is not separate from those countries. In
India, the education loan scheme was originally started to help
meritorious student pursue higher education in technical and
professional courses. However, over the years, rules and
regulation got diluted and any student who got admission in a
course became eligible for a loan, irrespective of the marks or
the process employed in admission.
Purpose:
The following expenses are covered for both the student loan
scheme and loan for vocational education.
*.Caution deposit
The following expenses are considered only for the student loan
scheme and not for the vocational training loan.
INTEREST RATE :
Rs.7.5 lakhs
Above 1.75 % above base rate
Rs.7.50
lakhs
The base
rate is fixed at 9.85 %. Do make an enquiry with the bank about
the prevailing base rates. A concession of 0.50 % is provided
for girl students and a 1 % concession is offered for full tenure
of loan, if the interest is serviced promptly during moratorium
and course period.
Processing Fee:
Security:
Margin:
Eligible courses:
Documentation required :
*.Letter of admission
Eligibility :
TABLE NO: 1
Male 21 15 4 11
Fema 39 35 11 24
le
TOTA 60 50 15 35
L
Countersigned By :
Signature By :
Principal
C.K.B. Commerce College
Jorhat