Amity has tied up with Oriental Bank of Commerce to make easy education loan available to the students. Given below are the benefits of the scheme:

• All courses of Amity are covered for grant of loan.
• Speedy disposal of loan application.
• Sanction can be accorded by Branch of OBC where campus of Amity is located irrespective of the location of the student. For example, a student applying to AMITY, Sector - 44, Noida, but staying at Dehradun, can apply at the OBC Branch at Noida and communicated to the Dehradun Branch for disbursement after due verification and signing of documents.
• Loans are being sanctioned at a concessional rate of interest as compared to the normal scheme of OBC.
• The student can cover all his expenses e.g. hostel, stationary etc., while applying for loan.

Illustrative List of Papers / Documents Required for Education Loan

• Admission letter of Amity giving details of year wise fee, boarding and lodging expenses. Letter confirming scholarship, if any.
• Attested copies of documents for proof of age/date of birth and proof of residential address.
• Passport size photo of the applicant, co-obligants and guarantors.
• Copy of marksheets/degree certificates of previous academic qualifications.
• Income proof/latest income tax return of parents/co-obligants, guarantors. (if any)
• Details of collateral security along with valuation certificate of Govt. approved valuer (if any).
• Details/statements of Bank accounts held with Oriental Bank of Commerce/other banks by the student applicant/co-obligant(s)/guarantors (if any) for the last six months.
• Copy of Passport/Visa, cost of air fare (documentary detail) in case of studies abroad.

A tie-up has now being linked with Allahabad Bank. The entire scheme for the benefit of the student is available at the link

http://www.allahabadbank.com/education.asp

All campuses of AMITY have been covered by Allahabad Bank for online sanction of loans. The prospective students can fill the application online for his/her proposed Amity Campus. The bank would accord a provisional sanction normally within 48 hours. The online application form is available at the following:

http://www.allahabadbank.com/edu_term_loan_form.htm

Amity has tied up with Canara Bank of Commerce
to make easy education loan available to the students. Given below are the highlights of Educational Loan Scheme:

• Studies in India Max Rs. 10 Lacs and studies abroad: Rs. 20 Lacs
• Margin: upto 4 Lacs NIL –. Above 4 Lacs - studies in India: 5% Abroad: 15%
• Security: upto Rs. 4 Lacs- jointly with parent, 4 to 7.5 Lacs: jointly with parent and III party guarantee. Above 7.5 Lacs- jointly with parent and III party guarantee & 100% collateral security
• In case of Management Quota, obtention of security or third party guarantee in all cases.

[Click here] to view complete details of the Educational Loan Scheme