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Sify Home >> Finance >> Calculators >> College Funding Planner >> Banks >> Allahabad Bank

Condition	Allahabad Bank Click to visit homepage
	Education in India	Education Abroad
Courses Eligible	BA, B.Com., B.Sc.,Masters & Ph.D,Professional courses,etc	MCA, MBA, MS, Courses conducted by CIMA-London, CPA in USA,etc
Student Eligibility	Should be an Indian National Secured admission through Entrance Test/ Selection process. No minimum qualifying marks be insisted upon.
Expenses Considered	Fee payable to college/ school/ hostel. Examination/ Library/ Laboratory fee. Purchase of books/ equipment’s/ instruments/ uniforms. Caution deposit/ building fund/ refundable deposit supported by Institution bills/ receipt. Travel expenses/ passage money for studies abroad. Purchase of computers-essential for completion of the course. Any other expenses 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 following margin and ceilings.
	Maximum Rs.7.50 lacs	Maximum Rs.15.00 lacs
Margin	Upto Rs.4.00 lacs NIL. Above 4.00 Lacs, the following slabs apply.
	5%	15%
Security	Upto Rs.4.00 lacs No security Above Rs.4.00 lacs Collateral security of suitable value or Co-obligation of guarantee alongwith
Repayment
Holiday	Course period +1 year or 6 months after getting job, whichever is earlier.
Maximum Period	7 years
Max Extension	2 years
Interest Rate	Upto Rs.4.00 lacs PLR * with quarterly rest Above Rs.4.00 lacs PLR * + 1% with quarterly rest