Introduction
The Bank has introduced a comprehensive Education Loan Scheme � Syndvidya, which is more student responsive and parent friendly.

The Scheme covers the entire spectrum of educational needs from the school education to super specialty courses including overseas courses. The scheme makes available need based finance to cover expenses related to education such as fees payable to College, Hostel, Examination, Library, Laboratory fees, Cost of Books, Equipments, Travel expenses for studies abroad etc. Only capitation fees, donation or external coaching fee are not covered.

 

Eligibility Criteria
	Any student who is a major representing himself or a minor student represented by parent or guardian of Indian nationality.
	Must have secured admission on the basis of merit to professional/ technical/other courses through entrance test/selection process.
	Must have secured admission to foreign university/institution (for studies abroad).

Courses Eligible
�	Studies in India
		School education including plus 2 stage.
		Graduation courses: BA, B.Com., B.Sc., etc.
		Post Graduation courses: Masters & Ph.D.
		Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
		Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to university.
		Courses like ICWA, CA,CFA, etc.
		Courses like IIM, IIT, IISc, XLRI, NIFT, etc.
		Courses offered in India by reputed foreign universities.
		Evening courses of approved institutes.
		Other courses leading to diploma/degree etc. conducted by colleges/universities approved by UGC/Govt./AICTE/AIBMS/ICMR etc.
		Courses offered by National Institutes and other reputed private institutions . Banks may have the system of appraising other institution courses depending on future prospects/recognition by user institutions.
�	Studies abroad
		Graduation: For job oriented professional/technical courses offered by reputed universities.
		Post Graduation: MCA, MBA, MS etc.
		Courses conducted by CIMA-London, CPA in USA etc.

Student Eligibility
	Should be an Indian National
	Secured admission on the basis of merit to professional/technical courses through Entrance Test/Selection process.
	Secured admission to foreign university / institutions.
	The student who is a major representing himself or a minor student represented by parent or guardian.

Quantum of Loan
	Need based finance to meet expenses such as fee payable to college / school / hostel, examination fee, cost of books, travel / passage fare for studies abroad etc.
	Capitation fee / donation / external coaching fee are not eligible for finance.
	Maximum of Rs.7.50 lac for studies in India and Rs.15 lac for studies abroad.

Margin
	For loans upto Rs.4 lac	No Margin required
	For loans above Rs.4 lac	5% for study in India
		15% for study abroad

Security
	For loans upto Rs.4 lac	NIL
	For loans above Rs.4 lac	Collateral security equal to the value of the loan amount.

Interest
	For loans upto Rs.4 lac	10.00%.
	For loans above Rs.4 lac	9.50%.

Head Office
PO Box No.1, Manipal - 576 119
Karnataka
Gen: 08252-71181, Fax: 08252-70266
Website: www.syndicatebank.com