Telangana State Cooperative Apex Bank Ltd.

Overview

Give wings to your Children’s dreams with Apex Bank Education Loans At Apex Bank.
To provide loans to the aspirants to pursue Technical / Professional / Specialized / Post Graduation studies in the Schools / Colleges in India or abroad.

  • No collateral required for loan amount up to Rs.7.50 lakhs.
  • No pre closure/fore closure charges.
  • Max. Loan amount up to Rs.40.00 lakhs in India/Abroad.
  • Maximum repayment period is 120 monthly instalments, i.e., ten years.
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  • High Loan Amount

    Get up to 100% financing for tuition fees and other expenses.

  • Affordable Interest Rates

    Competitive rates with easy EMI options.

  • Quick & Hassle-Free Processing

    Fast approvals with minimal paperwork.

  • Covers Domestic & International Studies

    Funding for studies in India & abroad.

  • Collateral & Collateral-Free Options

    Loans available with or without security.

  • Moratorium Period

    Start repayment after course completion.

Eligibility
  • Purpose : For School/College Education in India or abroad
  • Eligible Courses :
    1. All courses conducted by UGC upto Universities and Autonomous Institutions affiliated to them
    2. Technical/Professional higher studies abroad in recognized Institutes/Universities.
  • Loan Limit :
    1. For School/Junior College education in India upto 4.00 lakhs
    2. For technical/professional/specialized post-graduation studies in India upto Rs.15.00 lakhs
    3. For technical/professional/specialized post-graduation studies in abroad upto Rs.30.00 lakhs
  • Repayment period :
    1. Upto 36 months for School/Junior College education
    2. Upto 60 months for technical/professional / specialized post-graduation studies in India/ Abroad.
  • Documents required :
    1. Original registered sale deed of the property offered as security along with link documents.
    2. Memorandum of Deposit of Title Deeds with the Bank, under equitable mortgage after registration with SRA and link documents.
    3. Insurance of building financed for a minimum of 100% for full loan period/ amount or for total value of the house whichever is higher against risks like fire, terrorist attacks, earthquake, floods etc.,
    4. Life Insurance of the main borrower equal to loan.
    5. Original NSC or KVP or Term Deposit Receipts invested to the extent of 125% of the loan amount duly discharged and lien marked.
    6. Notification of Equitable Mortgage and obtain EC with Bank’s interest recorded.
Interest Rates Based on Collateral
Type Rate of Interest (%)
With collateral 11.00%
Without collateral 12.00%
How To Apply

Get a TGCAB Loan in 3 easy steps.

01. Get In Touch 24/7 Service

+040 24685660, +04023443812
18005998866

02. Visit Our Branch

Visit the nearest branch.

Find the nearest branch
03. Receive a Call Back

Our representative will contact you at the earliest.

Discover Digital Banking Convenience with the
TGCAB App

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and services, available anytime, anywhere.

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