I want to know about the loan requirements under SPP....Plz help Urgently.

[ArshKokri]

I am from India. I have got my offer letter for study abroad in Canada. Now I m going to apply under SPP. So plz tell me about the loan requirements in detail.

 

[vibez_well]

80% of the total funds required (course fee + living expenses) needs to be in the form of a loan from one of these banks... rest of the 20% can be from ur own personal funds.

ABN Amro Bank Ltd
Allahabad Bank
Andhra Bank
AXIS Bank Ltd
Bank of Baroda
Bank of India
Bank of Maharashtra
Bank of Punjab Ltd
BNP Paribas
Canara Bank
Central Bank of India
Centurion Bank of Punjab Ltd
Citibank
Corporation
Corporation Bank
Dena Bank
Federal Bank Ltd
HDFC Bank Ltd
Hongkong and Shanghai Banking
ICICI Banking
IDBI Bank Ltd
Indian Bank
Indian Overseas Bank
Indusind Bank Ltd
Ing Vysya Bank Ltd
Jammu & Kashmir Bank Ltd
Karnataka Bank Ltd
Kotak Mahindra Bank
NOVA Scotia Bank
Oriental Bank of Commerce
Punjab and Sind Bank
Punjab National Bank
South Indian Bank Ltd
Standard Chartered Bank
State Bank of Bikaner and Jaipur
State Bank of Hyderabad
State Bank of India
State Bank of Indore
State Bank of Mysore
State Bank of Patiala
State Bank of Saurashtra
State Bank of Travancore
Syndicate Bank
UCO Bank
Union Bank of India
United Bank of India
Vijaya Bank

All the best... which college & course have you opted for ?

I am from India. I have got my offer letter for study abroad in Canada. Now I m going to apply under SPP. So plz tell me about the loan requirements in detail.

 

[ArshKokri]

I have applied for centennial college .
Plz tell me who can become granters in the loan..?? like only my parents or my relatives too...??

 

[vibez_well]

u mean guarantor ? ideally it should be your parents, coz connected paperwork could become easier.. but then if the bank allows other relatives to become a guarantor, then why not. but the bank is sure to ask for a collateral (eg: Land) since the loan amt will definitely go over 7.5 lakhs. Go to the bank guys and get yourself a document checklist for the loan. There will be many trips to the registrars / corporation office to dig up old deeds & documents and stuff. so get cracking asap if ur aiming for sept intake...

Which course are you applying for ?

I have applied for centennial college .
Plz tell me who can become granters in the loan..?? like only my parents or my relatives too...??