IELTS test Format

1. Test format and results
IELTS is internationally available, internationally accessible, internationally recognised and internationally focused.Candidates can sit the test at one of 500 centres in 125 countries. Tests are held on fixed dates throughout the year in the same examination conditions across the world.The test has four parts – Listening, Reading, Writing and Speaking. It assesses the candidate’s ability to use English in real-life situations. There are two formats – Academic (for university and tertiary education) and General Training.Tests are marked rigorously and consistently. Results are scored on a unique 9-band system from 1 (Non User) to 9 (Expert). IELTS scores are valid for two years.For more details on the test, download the Stackeholder Guide 2009.IELTS provides an analysis of test data for each year. It also has information on how IELTS compares to other tests in the Common European Framework.For detailed explanations of the separate parts of the test, see the Teachers section. For more information on research undertaken or commissioned by IELTS, see the Researchers section.

2. What is the test format?
The IELTS test has four parts – Listening, Reading, Writing and Speaking. Candidates must do all four parts to receive an IELTS result. The total test time is 2 hours and 45 minutes.IELTS is available in two test formats: Academic or General Training. All candidates take the same Listening and Speaking modules but different Reading and Writing modules. Listening, Reading and Writing must be completed in one day. The Speaking test may be offered on the same day or up to a week before or after the other parts. See below for a diagram of the test format.

For more information, see the Stakeholder Guide 2009.

3. Academic and General Training formats
IELTS is available in two formats – Academic and General Training.All candidates take the same Listening and Speaking modules but different Reading and Writing modules.Academic – for tertiary study purposesThe Academic format is for those who want to study or train in an English-speaking university or tertiary institution. Admission to undergraduate and postgraduate courses is based on the results of the Academic test.General training – for school, work or migrationThe General Training format focuses on basic survival skills in a broad social and educational context. It is for those who are going to English-speaking countries to do secondary education, work experience or training programs. People migrating to Australia, Canada and New Zealand must sit the General Training test.

4. How is IELTS marked?
IELTS has a rigorous, quality-assured system for marking every IELTS test.Marking is carried out by trained examiners who follow standardised guidelines. The examiners hold relevant teaching qualifications and are certificated by Cambridge ESOL. Each examiner is tested every two years to retain their certification. They are also involved in ongoing training.The IELTS integrated system of recruitment, training, benchmarking, certification and monitoring for IELTS examiners ensures they are fully qualified, experienced and effective.For more detailed information, see the Stackeholder Guide 2009 or Score processing, reporting and interpretation.

5. IELTS band scores
There is no pass or fail in IELTS. Candidates are graded on their performance, using scores from 1 to 9 for each part of the test – Listening, Reading, Writing and Speaking. The results from the four parts then produce an Overall Band Score.This unique 9-band system measures scores in a consistent manner – wherever and whenever the test is taken. It is internationally recognised and understood, giving you a reliable international currency. IELTS scores are valid for two years.The IELTS 9-band scaleEach band corresponds to a level of English competence. All parts of the test and the Overall Band Score can be reported in whole and half bands, eg 6.5, 7.0, 7.5, 8.0.Band 9: Expert user: has fully operational command of the language: appropriate, accurate and fluent with complete understanding.Band 8: Very good user: has fully operational command of the language with only occasional unsystematic inaccuracies and inappropriacies. Misunderstandings may occur in unfamiliar situations. Handles complex detailed argumentation well.Band 7: Good user: has operational command of the language, though with occasional inaccuracies, inappropriacies and misunderstandings in some situations. Generally handles complex language well and understands detailed reasoning.Band 6: Competent user: has generally effective command of the language despite some inaccuracies, inappropriacies and misunderstandings. Can use and understand fairly complex language, particularly in familiar situations.Band 5: Modest user: has partial command of the language, coping with overall meaning in most situations, though is likely to make many mistakes. Should be able to handle basic communication in own field.Band 4: Limited user: basic competence is limited to familiar situations. Has frequent problems in understanding and expression. Is not able to use complex language.Band 3: Extremely limited user: conveys and understands only general meaning in very familiar situations. Frequent breakdowns in communication occur.Band 2: Intermittent user: no real communication is possible except for the most basic information using isolated words or short formulae in familiar situations and to meet immediate needs. Has great difficulty understanding spoken and written English.Band 1: Non-user: essentially has no ability to use the language beyond possibly a few isolated words.Band 0: Did not attempt the test: No assessable information provided.For more information, see the Stakeholder Guide 2009 or IELTS Scores Explained DVD.

6. IELTS scores explained
IELTS provides a profile of a candidate’s ability to use English.Candidates receive scores on a Band Score from 1 (Non User) to 9 (Expert User). Candidates receive a score for each test component – Listening, Reading, Writing and Speaking. The individual scores are then averaged and rounded to produce an Overall Band Score.See the IELTS band scores above for an explanation of each band. Also see How do institutions set their IELTS requirements?IELTS Scores Explained DVDFor an in-depth explanation of IELTS scores, institutions can buy the IELTS Scores Explained DVD. It contains: information about IELTS a detailed description of the content of the test sample test materials examples of candidates’ Writing and Speaking performance at different band levels.The DVD will be helpful for organisations that use IELTS, as well as course designers, teachers and anyone who needs to understand how IELTS scores relate to language ability.Click here to order the IELTS Scores Explained DVD.

7. IELTS explained seminars
To help institutions and other organisations better understand and use IELTS results, the IELTS Test Partners hold individual seminars.If your institution is interested in an IELTS seminar, please fill in the enquiry form. The provision of seminars is dependent on country, location, seminar numbers and IELTS staffing.

About IELTS

1. What is IELTS?
IELTS is the International English Language Testing System.IELTS conforms to the highest international standards of language assessment. It tests the four language skills – listening, reading, writing and speaking. IELTS is a secure, valid and reliable test of real-life ability to communicate in English for education, immigration and professional accreditation.Candidates can sit an IELTS test in 500 locations around the world. This global test has the highest levels of quality control.Find out more in the Test format and results section or download the IELTS Guide for Stakeholders.

2. Who owns IELTS?
IELTS is jointly managed by British Council, IDP: IELTS Australia and the University of Cambridge ESOL Examinations (Cambridge ESOL) and delivered through more than 500 locations in 120 countries.University of Cambridge ESOL Examinations (Cambridge ESOL) is the world's leading provider of exams for learners of English. Each year the exams are taken by around 1.5 million people, in 135 countries.British Council connects people worldwide with the learning opportunities and creative ideas from the UK and builds lasting relationships between the UK and other countries. British Council is the UK's international organisation for educational opportunity and cultural relations and is represented in 109 countries worldwide.IDP: IELTS Australia is Australia's international education organisation. It undertakes a broad range of activities from student advisory services and educational publications to project consultancy and English language teaching and testing.

3. The proven test with ongoing innovation
IELTS is at the cutting edge of English language testing. The effectiveness of IELTS has been proven since 1989. IELTS test design has continued to incorporate advances in applied linguistics, language pedagogy, language assessment and technology.Through decades of progressive change, IELTS has remained committed to assessing all four language skills (reading, writing, listening and speaking) with a face-to-face speaking component. This continues to set IELTS apart from other English language tests.IELTS – a history of innovationThe forerunner to IELTS was the English Language Testing Service (ELTS) introduced in 1980. The test had an innovative format that reflected changes in language learning and teaching theory and developments in language testing. In particular, the ELTS was influenced by the growth in ‘communicative’ language learning and ‘English for specific purposes’. Test tasks were based on an analysis of the ways in which language was used in academic contexts and were intended to reflect the use of language in the ‘real world’.Ongoing research and development by the British Council and UCLES EFL (now known as Cambridge ESOL) led to a revised testing system and broader international participation with the involvement of the International Development Program of Australian Universities and Colleges (IDP), now known as IDP Education Australia.IDP, British Council and UCLES formed an international partnership, reflected in the new name for the test: The International English Language Testing System.IELTS 1989 – 20 years of setting the standardThe International English Language Testing System (IELTS) first became operational in 1989. From 1989 IELTS candidates took two non-specialised modules, Listening and Speaking, and two specialised modules, Reading and Writing.Further modifications to the test were implemented in April 1995. In keeping with this history of innovation, the IELTS partners continue to be committed to the ongoing development of the test. A revised IELTS Speaking Test was introduced in July 2001. New assessment criteria for the Writing Test were operational from January 2005. A computerised version of IELTS was also introduced in 2005 at a number of IELTS centres. Information on all these projects can be found in past issues of the IELTS Annual Review, and in Cambridge ESOL’s quarterly publication – Research Notes.The current test retains many of the features of the 1980 ELTS including the emphasis on the comprehension of extended text in the receptive papers (Reading and Listening), and the direct testing of performance through a face-to-face Speaking test and the use of the essay and report formats in the Writing test.Ongoing research and developmentInternational teams of writers contribute to IELTS test materials. Ongoing research ensures that IELTS remains fair and unbiased – wherever and whenever the test is taken – and that IELTS encourages, reflects and respects international diversity and is fair to anyone who sits the test, regardless of nationality, background, gender or lifestyle.The rigorous processes used to produce the test materials ensure that every version of the test is of a comparable level of difficulty, so that candidates’ results are consistent wherever and whenever they take the test.These and the other benefits of IELTS today build on our history of English language testing over many decades.For a more detailed history, click here.

4. Download the IELTS Annual Review
To find out more about the success and operations of IELTS over the past year, download the latest IELTS Annual Review.• IELTS Annual Review 2009For all the latest news and announcements about IELTS, please visit the Media centre.

Australian Universities

Yes! Experience education in Australia and you will be opening the door to a world of study that will fill your life with knowledge, skills, and enthusiasm. An Australian education can be the basis for a lifetime of personal and professional growth.The Australian higher education sector offers a complete range of programs leading to highly regarded and internationally recognised qualifications. Australia is the destination of choice for students from around the world looking for a quality education at an affordable price.Click here to find an alphabetical List of Universities in AustraliaClick here for a State-based search of universitiesLearning and studying in Australia is the perfect way to launch your career. Employment opportunities open up to those who have degrees from any one of the universities, whether they study in Sydney, Melbourne, Brisbane, Perth, Adelaide, or at any of the other higher-education institutions located around Australia.You can read these brief descriptions about some of the institutions before you select from the menu on the left and search their websites.University of Western Sydney (UWS) Sydney, NSW. With over 32,000 students, the University of Western Sydney (UWS) is one of the largest of the universities Australia has to offer. Over 2,800 international students from 70 different countries choose to study at UWS each year. UWS is a young, energetic and rapidly growing university with six campuses located in the Sydney regionVictoria University Melbourne, Victoria. Victoria University is one of Australia's largest dual-sector institutions of higher education, with a TAFE college offering a unique combination of academic and vocational skills in a modern and supportive environment. It has built a strong reputation for providing a broad range of courses that are up-to-date and relevant to the modern employment environment and is considered an innovative institution amongst the universities in Victoria.Deakin University Melbourne, Victoria. Deakin University is one of Australia's most progressive and visionary universities. It has been noted for providing a superior and student-centered education, Deakin has become increasingly popular as a destination for international, with around 70,000 students studying on its various campuses, including ELICOS studies. Bond University Gold Coast, Queensland Bond University is Australia's first and largest private Australia university and has grown to become one of the Queensland universities with an excellent international reputation. At Bond you will experience personalised education by highly qualified teachers, innovative courses and teching methods, an international student body and a beautiful secure campus. Bond's staff to student ratio is the best in Australia The University of Adelaide. Adelaide, South Australia. The University of Adelaide is one of Australia's oldest and one of the highest ranking universities Australia has in any guide to higher education institutions and is regarded as one of the best Australian universities. Established in 1874, it is a member of the 'Group of Eight'. There are more than 1,800 international students among the 14,000-strong student population.Southern Cross University Lismore, Tweed Heads/Gold Coast and Coffs Harbour, Queensland Southern Cross University is an internationally-recognised Australian government university. It has a reputation for academic excellence, and has won many prestigious international and Australian awards and grants. The quality programs offered by the University have high academic standards.Griffith University, Brisbane and the Gold Coast, Queensland Griffith University, one of Australia's leading universities has over 2,500 teaching staff, 27,000 students including 4,000 students from over 80 nations. Griffith has become an popular choice for students deciding that they want to study at one of the universities in Australia. Learning never got more enjoyable or rewarding than this.The University of Southern Queensland Toowoomba, Queensland. USQ has been recognised as a world leader in the fields of and tertiary study initiatives. USQ is a dynamic, flexible and innovative University whose staff and students pride themselves on being responsive to the technologically aware global market place.Swinburne University of Technology Melbourne, Victoria. Established in 1908, Swinburne has a strong reputation in Australia and overseas as a provider of career oriented education. Swinburne is a small, innovative university, which is rapidly forming a distinctive character including the study of accounting business commerce computing law management marketing nursing tourism a character which reflects purpose, achievement and the genuine quality of its educational outcomes.University of Tasmania Hobart - Launceston - Burnie, Tasmania The University of Tasmania is the fourth oldest University in Australia. It is highly regarded internationally as a teching and research institution. The University of Tasmania offers a pleasant, enjoyable environment for study at all levels of higher education. Queensland University of Technology - Brisbane - is a dynamic and innovative institution that not only satisfies the requirements of its local and international student body but also has one of the highest MBA Australia rankings according to the Financial Times 2004 world listings.Macquarie University Sydney, NSW Macquarie University is one of the leading NSW universities and is a modern, sophisticated and cosmopolitan leading provider of education in Australia. With over 24,000 students including 4,000 international students, Macquarie is a university which prides itself on outstanding academic achievement and has excellent resources for distance learning and study online. Edith Cowan University Perth, Western Australia. Edith Cowan University is noted for its innovative course content, specialised research and creative pursuits. Responsive and forward thinking, it is one of the universities in Perth that is internationally focused and an Australian leader in the provision of professionally focused degree programs. University of Technology, Sydney (UTS) Sydney, NSW The University of Technology, Sydney (UTS) is well known as a leader of professional career-focused education and is regarded as one of the best in Australia. It offers one of the most comprehensive ranges of innovative and internationally recognised degrees in Australia. When people consider one of the universities in Sydney then UTS in a natural choice.University of Canberra Canberra-ACT, ACT Internationally focused, the University of Canberra enjoys a diverse student population from more than 80 countries worldwide on the Canberra Campus. Offshore, the University teaches programs in countries such as Hong Kong, China, Singapore, Malaysia, Thailand and Vietnam. Monash University Melbourne, VictoriaMonash University is one of the top Australian universities and is leading the way with its international focus, ground-breaking research and academic excellence. Since its first student intake in 1961, Monash has grown into a diverse, multicultural and energetic institution with six campuses around the state and has an excellent international reputation that attracts many students. The University of Notre Dame, Australia Perth, Western Australia Inspired by one of the greatest Catholic universities in the world, the University of Notre Dame in the United States, Notre Dame Australia brings to Australian education the vibrant traditions of a Catholic university together with the rich history.

EDUCATION LOAN - "VIDYALAKSHYAPURTI"

Punjab National Bank study loan

The Scheme aims at providing financial assistance to deserving / meritorious students pursuing higher education in India or abroad. viz., Graduation courses – B.A., 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 Department of Electronics or institutes affiliated to University; Courses like ICWA, C.A., CFA, etc., courses conducted by IIM, IIT, IISc, XLRI, NIFT, etc., Regular Diploma/Degree courses conducted by Colleges/Universities approved by UGC/Govt./AICTE/AIBMS/ICMR, Regular Degree / Diploma courses like Aeronautical, Pilot training, Shippling etc. approved by DGCA/ etc., Courses offered by National Institutes and other reputed Private Institutes.
Students should approach the branch nearest to the place of domicile.Interest is charged monthly on simple basis during the repayment holiday/moratorium period & concession of 1% in rate of interest is allowed provided the same is serviced regularly during study period.
Punjab National Bank has tied up with Kotak Mahindra Insurance to provide life insurance cover for Student borrowers.
Eligibility

Student eligibility
Should be an Indian National.
Secured admission to Professional / Technical courses in India or abroad through Entrance Test / Merit based Selection process..
Expenses considered for Loan
Fee payable to College / School / Hostel
Examination / Library / Laboratory fee.
Purchase of books / equipments / instruments / uniforms.
Caution Deposit / Building Fund / Refundable Deposit supported by Institution Bills / Receipts, subject to the condition that the amount does not exceed 10% of the total tution fee for entire course..
Travel Expenses / Passage money for studies abroad.
Purchase of computers - essential for completion of the Course.
Boarding and lodging expenses in recognised Boarding Houses / private accomondations
Any other expense required to complete the course - like study tours, project work, thesis etc.
Quantum of Finance

Need based finance, subject to repaying capacity of the parents / students with margin and the following ceilings :-
For studies in India: Maximum Rs.10.00 lacs.
For studies abroad: Maximum Rs.20.00 lacs.
Margin

Upto Rs.4.00 lacs:
-
Nil.
Above Rs.4.00 lacs:
Studies in India
5%
Studies Abroad
15%
Security

Upto Rs.4.00 lacs:
Co-Obligation of Parents. No Security..
Above Rs 4.00 lacs and Upto Rs 7.5 lacs:
Co-Obligation of Parents. 3rd party guarantee acceptable to the Bank.
Above Rs 7.5 lacs:
Co-Obligation of Parents. Collateral Security of suitable value along with Assignment of future income of the student for payment of installments.
The security can be in the form of land / building / Govt. Securities / Public Sector Bonds / Units of UTI, NSC, KVP, LIC Policy, Gold, Shares/ Mutual Funds/ Debentures, Bank Deposit in the name of the student parent / guardian or any other third party with suitable Margin.
The document should be executed by both the student and the parent/guardian.
Rate of Interest

Click Here to view rate of interest
Repayment

Repayment Holiday / Moratorium
Coursee period + 1 year OR 6 months after getting job, whichever is earlier.
The Principl and interest is to be repaid in 5-7 years after commencement of repayment. If the student is not able to complete the course within the scheduled time, extension of time for completion of course may be permitted for a maximum period of 2 years.
Upfront Fee

For Study in India - Nil
For Study abroad - @ 0.50% with a maximum of Rs. 5000/-(refundable on availment of the loan amount)
Documentation Charges

Upto Rs. 4 lacs
Rs.300/- + Service Tax & Education Cess
Above Rs.4 lacs
Rs.500/- + Service Tax & Education Cess

Additional Benefits provided to the students by PNB

Reimbursement of related expenses such as admission fee, monthly fee, Boarding and lodging expenses in recognized Boarding Houses etc. already incurred by way of loan taken from own sources (to meet the contingency) by the applicant, if claimed within 3 (three) months of such payment and before consideration of the loan by the Bank.
Second time Education Loan can be sanctioned to the same student borrower for completion of next higher course.
Check List

While applying for the loan, the borrower is required to furnish the following information/papers:
Loan application on Bank's format.
Passport size photograph
Proof of Address(Permanent) / ID Proof.
Proof of Age.
Proof of having secured pass marks in last qualifying examination.
Letter of admission in professional, technical or vocational courses.
Prospectus of the course wherein charges like Admission Fee, Examination Fee, Hostel Charges etc. are mentioned.
Details of Assets & Liabilities of parents.
In case loan amount is above Rs.4.00 lacs :
*.
Detail of Assets & Liabilities of parents/co-obligants/ guarantors.
*.
In case loan is to be collaterally secured by mortgage of IP, Copy of Title Deed, Valuation Certificate and Non Encumbrance Certificate from approved Lawyer of the Bank to be obtained at the cost of the borrower.
Photocopy of Passport & Visa, in case of study abroad.
Any other document/information, depending upon the case and purpose of the loan.
*
(The above CHECKLIST is only illustrative, not exhaustive. For details, please contact our nearest Branch Office).
Click here for applying for education loan online

State Bank of India Study Loan

State Bank of India provides its customers with a variety of personal banking services. SBI, which is actively engaged in Community Services Banking, also offers education loans to students aspiring to continue higher studies. SBI Study Loans are sanctioned only to Indian Nationals. A study loan is sanctioned for studies both in India and abroad.
Courses Eligible for Education Loans:A candidate, who applies for a program with prospects of employment, can apply for the loan. Whether you apply for a graduate, professional or postgraduate program or any other course sanctioned by UGC, AICTE or the government, you will be considered eligible for the loan.
Expenses taken into account:
The student loan covers school, college or hostel fees as well as cost for buying books and other necessary items.
Apart from the library, exam or library fees, even caution deposit, refundable deposit and building fund are considered for the loan.
Other expenses, which are mandatory for completing the course, travel expense as well as a maximum cost of Rd 50,000 for buying a 2 wheeler, are taken into account.
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Quantum of Loan & Security:An applicant is sanctioned a loan of maximum Rs 10 lacs for studying in India and Rs 20 lacs for studying in abroad. On a loan above Rs 4 lacs, there is a margin of 5% and 15% for studying in India and abroad respectively.
No security is required for loan amount upto Rs 4 lacs.
A borrower should present a 3rd party as guarantee for a loan amount above Rs 4 lacs. However, on SBI discretion, this clause of 3rd party guarantee may be waived off in certain cases.
If you borrow a loan amount above Rs 7.5 lacs, you need to offer a material collateral security and assign the future income of the student for paying installments.
The guardians or parents of a borrowing student should secure an education loan.
If the borrower is married, his or her spouse, parents-in-law or parents can act as the co-obligator.
Repayment of Education Loan:The borrower can begin repaying 6 months after getting job or one year after the course is completed, whichever happens earlier. The loan can be repaid in a period of 5 to 7 years.
Education Loan for ISM students:Education loans are also offered to the students of ISB. An ISB student can borrow upto 95% of costs. There is also a margin of 5% on the loan amount, which needs to be repaid in 7 years. For detailed information on this loan scheme for ISB students, you can contact the branch at Hyderabad University Campus Branch. If you want to know about the interest rates or other details of the Study Loan scheme of SBI, you can click on http://www.sbi.co.in/

AXIS BANK Study Loan

Study Loan
Higher education within your reach
Axis Bank's Study Power aims to provide financial support to deserving students for pursuing higher professional or technical education in India and abroad. The loan would be provided to students who have obtained admission to career-oriented courses eg, medicine, engineering, management etc., either at the graduate or post-graduate level.
Quantum of Loan
The quantum of finance under the scheme is capped at Rs 10.00 lacs for studies in India and Rs 20.00 lacs for studies abroad, which would cover tuition fees, hostel charges (if any), cost of books, etc. The minimum amount of loan would be Rs 50,000.Margin:No margin for loans upto Rs 4 lacs. For loans above Rs 4 lacs, 5% margin for studies within India and 15% for higher studies overseas.Rate of interest:Interest rates linked to PLR.Role of the Guardian:The parent(s) or guardian of the student would be treated as a co-applicant of the loan. His or her role would be, necessarily, like the primary debtor. Security:Third party guarantee and/or collateral security may be asked for in appropriate cases.Additional Security:Assignment of LIC policy in favour of the Bank for the sum assured being at least 100% of the loan amount. The policy is kept alive during the currency of the loan. To ensure this, the annual premium may be included in the computation of the loan requirement, along with the tuition fees and other recurring charges. Further, the future income of the student needs to be assigned in favour of the Bank for meeting the installment obligations.Disbursement:The loan will be disbursed in full or in suitable installments taking into account the requirement of funds and/or fee schedule as assessed by the Bank directly to the educational institution or vendor of books or equipment or instruments. Penalty for early closure:Nil.

Allahabad Bank Education Loan Scheme

Allahabad Bank Education Loan Scheme
Eligibility Criteria:
(a) Student eligibility:
Student be an Indian National
Secured admission to professional/ technical courses in India or Abroad through Entrance Test / Merit based Selection process.
(b) Courses Eligible:
Studies in India
Graduation Courses- B.A, B.COM, B.Sc. etc.
Post Graduation Courses: Masters Courses, Ph D, etc.
Professional Courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computeretc.
Computer Certificate Courses of reputed Institutes accredited to Department of Electronics or Institutes affiliated to University.
Courses like- ICWA, CA, CFA etc.
Courses conducted by IIM, IIT, IISc, XLRI, NIFT etc.
Regular Degree/ Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation/ Shipping, if the course pursued abroad, the Institute should be recognised by the competent local aviation/ shipping authority.
Courses offered in India by reputed foreign universities.
Evening Courses of approved Institutes.
Other Courses leading to diploma/degree etc conducted by the Colleges/ Universities approved by UGC/Govt/AICTE/AIBMS/ICMR etc.
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.
Regular Degree/ Diploma courses like Aeronautical, pilot training, shipping etc., the Institute should be recognised by the competent local aviation/ shipping authority.
Quantum of Loan:
Need based finance subject to repaying capacity of the parents / students with following ceilings:Studies in India: Maximum Rs 10.00 lacsStudies abroad: Maximum Rs. 20.00 lacs.
Expenses Considered for Loan
Fee payable to College / School /Hostel
Examination/Library/Laboratory Fee
Purchase of Books / Equipments/ Instruments/ Uniforms.
Caution Deposit/ Building Fund/ Refundable Deposit supported by Bills/Receipts of the Institution, subject to the conditions that amount does not exceed 10% of the total tuition fees for the entire course.
Travel Expenses/Passage Money for studies abroad.
Purchase of Computers essential for completion of the course.
Insurance premium for student borrower.
Any other expenses required to complete the course, such as- Study Tours, Project Work, and Thesis etc.
Margin
For loan upto Rs 4.00 lacs: NIL
For loan above Rs 4.00 lacs: (i) Studies in India: 5%(ii) Studies abroad: 15%
Scholarship / Assistantship to be included in Margin.
Margin Money to be brought on year-to-year basis and disbursements are made on a pro-rata basis.
Rate of Interest:
Loan Upto Rs. 4.00 lacs

For students of IIT / IIM/ ISB*
PLR-1.75%
For Others
PLR-0.75%
Loan above Rs. 4.00 lacs

For students of IIT / IIM/ ISB*
PLR-1.75%
For Others
PLR-1.00%
*ISB means Indian School of Business, HyderabadGirl students may be provided a special relief of 1.00% in all cases as above.
Application of Interest:
Simple interest during moratorium period. Service interest during moratorium period regularly and avail a special discount of 1.00% in interest rate.
Repayment:
Repayment Holiday / Moratorium is Course Period + 1 year or 6 months after getting job, whichever is earlier.
Loan to be repaid within a maximum period of 7 years after commencement of repayment.
Security:
For IIT/IIM/ISB*
For loan upto Rs 10.00 lacs- No collateral security is required. co-obligation* of parents/ guardian required
*ISB means Indian School Business, Hyderabad
For others
For loan upto Rs 4.00 lacs: No collateral security is required. co-obligation* required For loan above Rs 4.00 lacs and upto Rs 7.50 lacs: Satisfactory third party guarantee & Co-obligation* required.
For loan above Rs 7.50 lacs: (a) Co-obligation * of parents/ guardian together with tangible collateral security of suitable value covering full loan amount, alongwith the assignment of future income of the student for payment of installments.
*(The loan documents would be executed by both the student and the parent/ guardian as joint-borrower i.e. co-obligator. The co-obligation should be parent / guardian of the student borrower. In case of married person, co-obligator can be either spouse or the parent(s)/ parents-in-law.)
Processing Fee:
Processing Fees/ Documentation Charge:
For studies in India- NilFor studies abroad -Rs.500/- upfront subject to the conditions that this amount would be adjusted against the loan amount once the loan is availed from us.
Mortgage Charges:
Actual expenses, if any, will be borne by the Student/Parent or Guardian.
Delivery Channel
From all of our branches (Presently more than 2150) spread throughout the country.On-line sanction for leading 250 institutions within 72 hours.
Value added Service
FREE Debit Card-For SB account holders in networked branches.
Insurance:
Group Life Insurance Cover -For entire loan liability in tie-up with LICI(One time upfront premium, can also be financed by adding into project cost.), Prospective borrowers, who are not covered under the group insurance scheme, will be allowed to take a single premium term insurance cover equal to the loan amount, individually on their own or premium being a component of project cost for financing.
Others
The parent / guardian would become co-borrower with the student and application for education loan will also be signed by the parent / guardian alongwith the student while availing loan under Educational Loan Scheme.
Education Loan would preferably be sanctioned through branches / RBBs nearest to the place of residence of parents.
Second time education loan is available for higher studies / escalation of cost.