Cent Vidyarthi Education Loan Scheme is offered by the Central Bank of India to provide financial assistance to students pursuing higher education in India or abroad. The scheme offers loans with flexible repayment options and potential interest subsidies. While collateral may be required for larger loan amounts, smaller loans can often be availed without security. The maximum loan amount under this scheme is ₹200 lakh. No margin money is required for loans up to ₹4,00,000. For loans above ₹4,00,000, a margin of 5% is applicable for studies in India, while for studies abroad, the margin increases to 15%.
In case of any queries, please reach out to:
(+91)-9865102212 (Monday to Friday - 10:00AM to 06:00 PM (IST))
credittricro@centralbank.co.in