Student Loans from CSB Bank
A summary of different types of education loans from CSB Bank
Known as Catholic Syrian Bank until quite recently, CSB Bank is one of the oldest private sector banks in India. Founded in 1920, this century-old bank is headquartered in Thrissur, Kerala. It specialises in retail banking, corporate banking, private banking, wealth management and investment banking services. Among its many products are education loans for eligible students.
As of October 2020, CSB Bank offers three different types of education loans, each for a particular student segment or purpose.
Let’s take a look at them one by one.
CSB Vidya Loan
This CSB Bank study loan helps students who have gained admission in a recognised institution in India through Entrance Test or Merit-based Selection Process get the necessary financial assistance to pursue higher education. All undergraduate, postgraduate, professional and vocational courses are eligible. The maximum loan amount for this loan is Rs. 10 lakh. The repayment tenure for this loan is 15 years.
CSB Study Abroad Loan
This loan scheme helps students who have gained admission in a Bachelors, Masters, Doctorate (PhD) or a professional studies programme in a recognised educational institution abroad to pay for their course fees and meet related expenses. The maximum loan amount that you can apply for is Rs. 30 lakh. The repayment tenure for this loan is 10 years.
CSB Excellence Education Loan for Students of Top-rated Institutes
This CSB Bank study loan is specially designed to meet financial needs of students who have secured admission into premier institutes for higher education on a merit-basis or via entrance exams. Students pursuing undergraduate, postgraduate, professional or vocational courses are eligible for this loan. The maximum loan amount sanctioned by the bank under this loan scheme is Rs. 20 lakh. The repayment tenure for this loan is 15 years.
A Final Word
As you can see CSB Bank offers a higher loan amount of up to Rs. 30 lakh and a longer repayment tenure of up to 15 years as compared to other banks which usually offer relatively lower loan amounts and lesser tenures. Though the actual loan amount and repayment tenure may depend on your needs and repayment capacity in addition to other factors, the higher numbers do put CSB Bank in a favourable light.