Study Loan of axis bank in india

Higher education within your reach Axis Bank's Study Power aims to provide financial support to deserving students for pursuing higher professional or technical education in India and abroad. The loan would be provided to students who have obtained admission to career-oriented courses eg, medicine, engineering, management etc., either at the graduate or post-graduate level.

Quantum of Loan

The quantum of finance under the scheme is capped at Rs 10.00 lacs for studies in India and Rs 20.00 lacs for studies abroad, which would cover tuition fees, hostel charges (if any), cost of books, etc. The minimum amount of loan would be Rs 50,000. Margin: No margin for loans upto Rs 4 lacs. For loans above Rs 4 lacs, 5% margin for studies within India and 15% for higher studies overseas. Rate of interest: Interest rates linked to PLR. Role of the Guardian: The parent(s) or guardian of the student would be treated as a co-applicant of the loan. His or her role would be, necessarily, like the primary debtor. Security: Third party guarantee and/or collateral security may be asked for in appropriate cases. Additional Security: Assignment of LIC policy in favour of the Bank for the sum assured being at least 100% of the loan amount. The policy is kept alive during the currency of the loan. To ensure this, the annual premium may be included in the computation of the loan requirement, along with the tuition fees and other recurring charges. Further, the future income of the student needs to be assigned in favour of the Bank for meeting the installment obligations. Disbursement: The loan will be disbursed in full or in suitable installments taking into account the requirement of funds and/or fee schedule as assessed by the Bank directly to the educational institution or vendor of books or equipment or instruments.

Allahabad Bank Education Loan

Eligibility Criteria:

(a) Student eligibility:

* Student be an Indian National
* Secured admission to professional/ technical courses in India or Abroad through Entrance Test / Merit based Selection process.

(b) Courses Eligible:

Studies in India

* Graduation Courses- B.A, B.COM, B.Sc. etc.
* Post Graduation Courses: Masters Courses, Ph D, etc.
* Professional Courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computeretc.
* Computer Certificate Courses of reputed Institutes accredited to Department of Electronics or Institutes affiliated to University.
* Courses like- ICWA, CA, CFA etc.
* Courses conducted by IIM, IIT, IISc, XLRI, NIFT etc.
* Regular Degree/ Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation/ Shipping, if the course pursued abroad, the Institute should be recognised by the competent local aviation/ shipping authority.
* Courses offered in India by reputed foreign universities.
* Evening Courses of approved Institutes.
* Other Courses leading to diploma/degree etc conducted by the Colleges/ Universities approved by UGC/Govt/AICTE/AIBMS/ICMR etc.

Studies Abroad:

* Graduation: For Job oriented professional/technical courses offered by reputed Universities.
* Post Graduation: MCA, MBA, MS etc.
* Courses conducted by CIMA London, CPA in USA etc.
* Regular Degree/ Diploma courses like Aeronautical, pilot training, shipping etc., the Institute should be recognised by the competent local aviation/ shipping authority.

Quantum of Loan:

Need based finance subject to repaying capacity of the parents / students with following ceilings:
Studies in India: Maximum Rs 10.00 lacs
Studies abroad: Maximum Rs. 20.00 lacs.

Expenses Considered for Loan

* Fee payable to College / School /Hostel
* Examination/Library/Laboratory Fee
* Purchase of Books / Equipments/ Instruments/ Uniforms.
* Caution Deposit/ Building Fund/ Refundable Deposit supported by Bills/Receipts of the Institution, subject to the conditions that amount does not exceed 10% of the total tuition fees for the entire course.
* Travel Expenses/Passage Money for studies abroad.
* Purchase of Computers essential for completion of the course.
* Insurance premium for student borrower.
* Any other expenses required to complete the course, such as- Study Tours, Project Work, and Thesis etc.

Margin

* For loan upto Rs 4.00 lacs: NIL
* For loan above Rs 4.00 lacs:
(i) Studies in India: 5%
(ii) Studies abroad: 15%
* Scholarship / Assistantship to be included in Margin.
* Margin Money to be brought on year-to-year basis and disbursements are made on a pro-rata basis.

Rate of Interest:
Application of Interest:

Simple interest during moratorium period.
Service interest during moratorium period regularly and avail a special discount of 1.00% in interest rate.

Repayment:

Repayment Holiday / Moratorium is Course Period + 1 year or 6 months after getting job, whichever is earlier.

Loan to be repaid within a maximum period of 7 years after commencement of repayment.

Security:

For IIT/IIM/ISB*

For loan upto Rs 10.00 lacs- No collateral security is required. co-obligation* of parents/ guardian required

*ISB means Indian School Business, Hyderabad

For others

For loan upto Rs 4.00 lacs: No collateral security is required. co-obligation* required For loan above Rs 4.00 lacs and upto Rs 7.50 lacs: Satisfactory third party guarantee & Co-obligation* required.

For loan above Rs 7.50 lacs: (a) Co-obligation * of parents/ guardian together with tangible collateral security of suitable value covering full loan amount, alongwith the assignment of future income of the student for payment of installments.

*(The loan documents would be executed by both the student and the parent/ guardian as joint-borrower i.e. co-obligator. The co-obligation should be parent / guardian of the student borrower. In case of married person, co-obligator can be either spouse or the parent(s)/ parents-in-law.)

Processing Fee:

Processing Fees/ Documentation Charge:

For studies in India- Nil
For studies abroad -Rs.500/- upfront subject to the conditions that this amount would be adjusted against the loan amount once the loan is availed from us.

Mortgage Charges:

Actual expenses, if any, will be borne by the Student/Parent or Guardian.

Delivery Channel

From all of our branches (Presently more than 2150) spread throughout the country.
On-line sanction for leading 250 institutions within 72 hours.
-For SB account holders in networked branches.

Insurance:

Group Life Insurance Cover
-For entire loan liability in tie-up with LICI
(One time upfront premium, can also be financed by adding into project cost.), Prospective borrowers, who are not covered under the group insurance scheme, will be allowed to take a single premium term insurance cover equal to the loan amount, individually on their own or premium being a component of project cost for financing.

Others

1. The parent / guardian would become co-borrower with the student and application for education loan will also be signed by the parent / guardian alongwith the student while availing loan under Educational Loan Scheme.
2. Education Loan would preferably be sanctioned through branches / RBBs nearest to the place of residence of parents.
3. Second time education loan is available for higher studies / escalation of cost.

College Emergency Financial Aid Loan

Understanding the College Emergency Financial Aid

Clearinghouse for Your Federal Loan Information: Why You May Need It

The National Student Loan Data System (NSLDS) is the Department of Education's data clearinghouse for all government backed student loans and grants. Students and other borrowers who have Title IV loans or Pell Grants can gain access to any of their loan/grant information through this government maintained database.

According to the Freedom of Information Act (FOIA), signed into law in 1966, information regarding educational loans or grants sponsored through the federal government is to be made available to borrowers. To these ends the NSLDS offers a secure interface through which students and parents can request an assortment of information related to their federal student loans or grants.

Getting Access to Your Title IX Loan Information

Like any other secure financial website you will be required to enter very personal data that is used to verify your identity. When you want to access your account with the NSLDS you’ll need the following information:

• Login PIN (Personal Identification Number). Apply for a Federal Student Aid PIN. You’ll use this as a primary login for most of your FSA websites, including the NSLDS.
• Your social security number.
• Your date of birth.
• First two letters of your last name.

NSLDS Features

Title IV loans include all the federal student loans - Stafford Loans, Perkins Loans, and Direct Loans. Pell Grants are those awarded to undergraduate students on an annual basis who are in the most economic need.

Information available on the NSLDS site that you might need access to:

• Your current loan status
• Disbursement information
• Loan balances
• Grant awards.

What if you need further information? If you do not find the information you need regarding your federal loans and grant monies you may make a formal request to the Department of Education based on your rights in the Freedom of Information Act.

Information Sources

So, where does all this information on your student loans and grant monies come from?

The lenders and student loan guarantor companies, even specific colleges and universities, are responsible for reporting this information directly to the NSLDS. For the most part the loan and grant information is up-to-date. The NSLDS does make it clear, however, in their helpful FAQs section that outstanding loan balances may be 3-4 months behind in reporting. You have the freedom to contact any of the lenders or agencies that have reported the loan or grant. If you suspect erroneous data, you are encouraged to contact reporting bodies. For this reason, alone, knowing how to access your federal loan information is imperative.

The NSLDS offers a comprehensive glossary of financial aid and student loan terms. This tool is especially helpful in deciphering the often confusing terms associated with the business of student loans and financial aid; terms that you may be confronted with while accessing your federal funding information.

Interest Rates and Your Loans for Education

Why Rates Matter

The interest rates attached to your student loans are as important as the loans themselves. As interest accrues, or is added to the loan amount, so does the value of the loans, the amount you must repay.

Here is an example of an interest rate applied to a student loan:

You have applied for a federal unsubsidized Stafford Loan and are approved for $5,000. The interest rate on this loan is fixed at 6.8% (between 2007 and 2012 this interest rate will be incrementally cut to a final 3.4%). This means that, at 6.8%, $340 in interest is added to your loan each year. If you defer loan payments for four years until after graduation, your new amount owed on the loan will be $6,360. See? Once you start repayment you will make an extra $340 in interest payments above and beyond real loan value each year.

Student loan interest rates can vary by year and/or by type of loan. Sweeping changes to the Higher Education Access Act of 2007 have indicated a few interest rate deductions. But before you borrow you must understand how a loan’s interest rate will affect your final loan amount.
Student Loans with Interest

Most types of student loans come packaged with an interest rate, fixed or variable.

* The Stafford Loans borrowed since July 1, 2006 feature 6.8% fixed interest rates. The Higher Education Access Act of 2007 changed the rates: between 2007-2008 and 2012-2013 the interest rate will be incrementally reduced until it is finally set at 3.4%.
* Perkins Loan interest rates are fixed at 5%.
* Parent and Grad PLUS Loans interest rates are fixed at 8.5% for those borrowed since July 1, 2006 in the Federal Family Education Loan Program (FFELP), and at 7.9% for the same loans borrowed in the federal Direct Loan program.
* Private or alternative student loans feature variable interest rates that may start off low and increase over time, not unlike a credit card rate. Most sites state in fine print “rates may change without notice.”

Part of the financial burden of any kind of loan is the interest. Interest is the amount owed above and beyond the agreed upon loan. Interest is figured as a percentage of the loan total. Student loan interest can either accrue from the day the loan is disbursed or the first day of loan repayment, which in some cases is well beyond graduation.
Tax Benefits

The federal government has built in a money saving student loan interest tax deduction. A number of criteria apply: the loan must be a qualified student loan, which means it was intended only for college costs; and you must be responsible for repayment of the loan. A student is defined as enrolled in a post-secondary educational institution in a degree or certificate program. You may figure your interest rate tax deductions using the IRS Student Loan Interest Deduction worksheet.

Know Your Bottom Line Interest Rates and Fees

So how do you know how much interest you will be required to pay on your student loans? Most educational lending services or private banks that extend college loans, feature student loan interest rates and loan calculators on their websites.

Here are the critical interest rate questions you absolutely must ask before borrowing:

* Is loan interest fixed or variable?
* If variable what is the maximum?
* When will interest begin accruing?
* When will I be required to pay it?

Working with Tax Deductions for Student Loans

Get a Break on Your Tax Return

Students and parents of students: Chances are you will borrow student loans and likely more than one. Good news: you can save money on your income taxes when you know how to leverage your student loans the right way.
Tax Relief

Income tax deductions are one of the best ways the government has found to offer Americans relief from some of the more burdensome costs associated with education, like student loans. You have to file your income taxes every year anyway, so why not learn right now and right here how you can save money on your bottom line?

For those who qualify, three forms of educational deductions and tax credits are available:

* Tuition and Fees Tax Deduction
* Hope Credit
* Lifetime Learning Credit

What You Need to Know About the Tuition and Fees Deduction

IRS Publication 970 outlines the current criteria for filing a tax return with attached deductions for educational loan interest. Not everyone qualifies. Here are the basic requirements you must satisfy to be eligible to deduct the interest from your student loans on your income taxes through 2007 (NOTE: the Tuition and Fees Tax Deductions option will expire following the 2007 income tax filing):

* You must either be a student claiming your own deductions or the parent or guardian of a student or the spouse of a student.
* You are eligible for certain deductions—in 2006 this was between $2,000 and $4,000—depending upon your modified adjustable gross income (MAGI), filed singly or jointly.
* You are ineligible for deductions when your MAGI is above a particular income level. (In 2006 this was above $80,000 for singles and $160,000 for joint).

You must have used your student loan(s) solely for educational expenses in order to qualify, often called "qualified student loans." Make sure you adhere to the IRS' definition of a student: The student for whom you are itemizing interest deductions must be yourself, a spouse or one of your children (a dependent) and must be participating in a college program at least half-time.
Types of Deductible Interest

Student loan interest can come attached to a few types of educational loans, all of which qualify for deductions:

* Interest on student loans.
* Interest on student loan consolidations.
* Interest on line of credit used to pay educational expenses.

Make sure to check with your tax advisor or the IRS to make sure all the essential criteria are in place before you file your tax return.
Educational Tax Credits

Use the Hope Credit (sometimes called the Hope Tax Credit) and the Lifetime Learning Credit as tax saving tools. Depending on your income and tuition, you may qualify to claim one of these credits for each student you claim in a tax return. Students that live within the Gulf Opportunity Zone (GO Zone) may qualify for even deeper credits.

* Claim the Hope Credit for a student that is a freshman or sophomore in a degree program, who is attending at least half time. You are limited to two years of claims per student. Maximum claim may be $1,650.
* Use the Lifetime Learning Credit to claim deductions for students that are taking any number of courses, not necessarily toward a degree. They do not even have to be attending half time. The key is, however, that the course work associated with the credit claim must be intended to advance the student's career status. Maximum claim may be $2,000.

Student Loan Options for Teachers

Benefits Abound for Repayment

Student teachers, you’re in luck; you won’t have far to go to find a spectrum of student aid being thrown your way. Guess what? You’re in high demand. Use this as a resource tool for accessing the most practical and affordable student loan options for teachers.

You’ll find student loans from the Federal government, state governments and private lenders. And very appealing teacher loan forgiveness and loan repayment programs you must not miss out on.

Federal Loans for Students in Teaching Programs

Federal student loans are built to provide the most affordable and accessible federal money to almost every type of student. There may be no more widely disbursed loan than the subsidized and unsubsidized Stafford Loans. No matter what chatter you hear about private loans, always, always apply for your federal loans first.

**Did you know that the Stafford Loans and Perkins Loans require no credit check? You can have bad credit, good credit, or no credit—you still qualify for federal dollars.

Federal loans for undergrads include the Stafford Loans and Perkins Loans and loans for graduate students include the same in addition to the PLUS Loan for Graduates and Professionals.

Apply for your federal loan maximums every year by filling out the Free Application for Federal Student Aid (FAFSA). This is the only way to apply for your federal loans. Fail to file a FAFSA and the bad news is you exclude yourself from almost every other form of government sponsored aid, including many of the valuable teacher loan forgiveness and repayment programs—you leave money on the table, so to speak.
Private Bank Loans for Student Teachers

When federal loans don’t cover the full cost of your undergraduate or graduate education you might then consider how a private loan may best be used. Shop very carefully for private loans. Popular sources for private student loans include student loan providers like Sallie Mae and commercial banks like Citibank.

What makes private loans so different from federal loans? We urge you to use your federal loans first for their affordability and flexible repayment terms.

The hitch with private loans is your credit history—it figures prominently. If you plan on being a sole borrower on the loan you must have very good credit. The better credit you have the better your loan. Bad credit? Don’t exclude yourself from private loans. Your best bet when trying to borrow on bad credit to finance your education is to be one step ahead: apply for a private student loan with a co-borrower, someone you know and trust with good credit.
Repaying Student Loans as a Teacher

Student loan repayment plagues most college graduates. Teachers, though, have an abundance of choices, including traditional loan repayment programs. But why pay for years on student loans if you can find a source for loan repayment?

Guess what? If you are a student in an education degree pursuing teaching as a career then you must not miss the opportunities within your reach for teacher loan forgiveness, loan cancellation, and loan repayment. The federal government and state governments are excellent primary sources for teacher loan forgiveness programs.

How teacher loan forgiveness/cancellation programs work:

Typically you agree to work as a teacher in a low-income school, in a specially “designated” high-need area, or teach in a critical need area, such as math or science, and for a certain number of years. Over the course of that time you are eligible for a maximum level of loan forgiveness.
Teacher Cancellation of Federal Student Loans

Do you teach in a low-income school on a full-time basis? And do you have outstanding Stafford and Perkins Loans? Find out how you could be eligible for teacher loan cancellation through the federal government. The program also includes options for teacher loan forbearance, and loan deferment. Eligible Stafford Loans are those originated through the Direct Loan Program that have been borrowed since October 1998.

The federally sponsored Teacher Loan Forgiveness Program gives experienced teachers a chance to apply for loan forgiveness for Direct Stafford and FFELP loans. If you’ve been working as a teacher in a K-12 school for at least 5 years and have student loans that have been borrowed since October 1998, find out if you qualify.
State Based Teacher Loan Forgiveness

Don’t miss out—many loan forgiveness programs are closer than you think. Here’s a tip: check out the loan forgiveness programs offered by the state in which you are attending school. Three quarters of the state governments feature these programs. Remember, you’ll be expected to work in a low-income school or teach within a high need subject area designated by the state.

Here are a few examples of popular state teacher forgiveness loan programs:

* The Delaware Teacher Corps is designed to provide career incentive along with valuable loan forgiveness to teachers in Delaware teaching programs willing to commit to teaching in a Delaware public school. Eligible candidates may earn $5,000 in loan forgiveness compensation for each year they teach. Student teachers with experience teaching math or science are favored.
* Florida’s Critical Teacher Shortage Student Loan Forgiveness Program aims to boost the numbers of teachers in critical need subject areas. Undergraduates and graduate student teachers are welcome. Candidates must teach at public schools in Florida.
* The Iowa Teacher Shortage Loan Forgiveness program provides up to $6,270 in loan cancellation funds, or 20% of federal loan balance, for new teachers willing to work in a designated school within the state. Participants must work full-time for a year.

Home loans for teachers

Home loans for teachers

Home loans for teachers serve as the greatest opportunity for the educators whoever is looking out for purchasing a new home at a sensible rate. Mostly the home loans for teachers are given at the lowest interest rates possible . 100% financing is done through the programs of home loans for teachers . The home loans for teachers may include different payment assistance, rebates and some incentives depending on the state or city the employers live in. home loans for teachers are got very easily since they are employers with decent posting. The formalities for getting home loan for teachers differ variously. Hence the home loans for teachers will be fruitful and offers a great benefit to them who are in search of finance for buying home.

Teachers can get home ownership very easily by considering the hidden advantages in the home loans for teachers. Many home loan programs are given for their sake . The only thing is they should understand the necessities and plan accordingly . These programs suggest the teachers to buy their dream home and stay in it by applying loans. With this loan amount they should not get any other properties. There are some expectations from the loan lenders in order to get approval of the home loan for teachers. Basically they should be the citizen of that country in which they are applying for loan that is they should possess resident ship in that particular state for a time period. The loan amount should be used for getting their primary house . The other important thing is they should buy home only in that particular state or city where they dwell.

For further details you can make a search on the internet regarding the national programs offered. Some of the programs are the teacher next door program, conventional fixed rate program, zero down payment modes, 80/17 program, reverse mortgage and so on . These programs will have some restrictions of where the teacher can buy home . Apart from these restrictions, the programs offer tremendous opportunities . You can get to know the list of local resources from the educational department for teachers who are willing to buy a home.

Likewise there are many ways to find the home loan programs for the educators. The other possible way is to contact the local mortgage or the real estate professional about the home loan programs . You can make all sorts of enquiries based on the home loans for teachers. They will assist you to their level best. Since they have updated list of programs, you can gain a lot of information . They will guide you through out the process of how to get loan or the financial assistance in order to buy your dream homes . Thus your dream of getting home will become true by seeking the suggestions of various home loan programs.

Mesothelioma Articles Talk Database

According to the United States Census Bureau, people with a master’s degree earn an average of around $55,000 annually. Although it may seem nearly impossible to attain higher education as a working professional, distance learning offers you the necessary flexibility to complete a master’s degree program. Rather than driving to attend scheduled classes, you can learn at your own pace in the environment of your choice making it easier to succeed in your studies through online education.

Criteria to Pursue an Online Masters Degree

To pursue a graduate degree through distance learning, you are required to hold a bachelors degree. In certain situations, professional field experience, undergraduate performance and exam scores (such as LSAT and GRE) are taken into consideration to qualify for an online graduate degree program.

Popular Online Masters Degree Programs to Pursue

According to the United States Department of Education, over 75 accredited universities offer online masters programs with a myriad of exciting degree options, including:

• Accounting

• Business Administration

• Economics

• Education

• Fine Arts

• Finance

• Science

This is just a sample of the popular master’s degree courses available through distance learning programs. You can choose to earn your masters degree in a variety of interesting areas through online education opportunities.

Choose an Accredited Online Masters Degree Program

You should verify that the institution offering the online education graduate course you select is accredited so that you do not lose precious time and money. Without proper accreditation, your degree will not be recognized by other colleges or certain employers. Graduate degrees accredited through official agencies, including the Council for Higher Education Accreditation and the United States Department of Education, are considered valid.

Financing a Masters Degree Distance Learning Program

Students of all ages and from every background have a variety options available to pay for online masters degree programs. You can choose to pay for your education through federal aid, student loans or scholarships. Some jobs even offer employer assistance to enterprising employees, so ask your employer if they have such a program. A great advantage of earning a graduate degree online is that you save on room and board, which totals $6,000 to $12,000 annually according to the College Board.

Distance Learning Masters Degree programs require self-motivation

Because you take distance learning courses at your own pace, self-motivation is required to successfully completely the program and earn your masters degree. Let your family, friends and employer know that you are returning to school and enlist their support and understanding. If you are juggling multiple responsibilities, write your schedule down so it is easier to follow. Remember to fit sleeping, eating and recreation into your agenda – you need to stay healthy to effectively complete your online education while you handle your other duties.

Online education programs may include virtual lectures, reading, writing, online chats, emails, podcasting and videoconferencing. Certain distance learning masters degree programs require you to physically attend workshops or courses for residency hours. Testing is usually done through proctors, such as librarians, in your community. Take all of these educational requirements in mind when planning your schedule.

Earning a masters degree through an online education program is a personalized way to attain higher education at the school of your choice while balancing a demanding adult schedule.

Online Mesothelioma Guide

Settlement Loan Center Launched

LawLeaf an online lawsuit funding company is proud to announce the launch of a new power center. The power center called "Settlement Loan Center" is designed to help consumers make more informed decisions based upon their legal processes and financial positions. The site provides content on personal injury and commercial litigation topics including the legal processes & settlement loan processes.

Some of the different types of personal injury lawsuit settlement loans include:

Motor vehicle accidents ( car accidents, truck accidents, bus accidents & tractor trailer accidents)

• Slip & falls
• Wrongful death
• Workers compensation
• Amusement park accidents
• Medical Malpractice
• Asbestos / mesothelioma

Some of the different types of commercial litigation settlement loans include:

• Wrongful termination
• Harrassment
• Copyright Infringement
• Patents
• Intellectual property
• Contract disputes

The site also provides information on structured settlement buyouts and attorney funding options.

Structured Settlement Buyouts Include:

• Partial buyouts
• Full buyouts

Attorney Funding includes:

• Lines of credit
• Case financing

When a person applies for a settlement loan they should always consider working with those lenders who provide non recourse funding. Most legal funding companies will provide non recourse funding meaning if you lose your claim you don't repay the loan. If you are considering a settlement loan you should also receive immediate feedback from a lender. When evaluating companies be sure to make a decision based upon the information they provide on their website and the rates for approval. You should always know you have more options available to you if you are approved.

The company acquired the site several months ago with the intentions of developing a more educational site in the hopes plaintiffs have a better idea of the settlement loan process for their respective claim. If you are currently evaluating a settlement loan begin by visiting our Settlement Loan Center today.

About the Author:

LawLeaf is an online Lawsuit Funding service that matches plaintiffs with lenders. If you are interested in lawsuit funding and would like our lenders to compete for your business, visit LawLeaf.com today.

Mesothelioma Settlement Loan

Mesothelioma Settlement Loan

Mesothelioma is a rare and deadly cancer that effects close to 3000 people in the United States each year. Mesothelioma is mainly caused by exposure of asbestos or asbestos dust in the workplace and in homes. According to most studies, when diagnosed with Mesothelioma the average life expectancy is around six months. This cancer is most prominent in men over the age of 40 years who have been in worked in buildings or have had contact with asbestos.

If you or a love one has been diagnosed with Mesothelioma you may have right to a seek compensation. Our lenders can provide large settlement loans to both victims or family members pursuing legal funding. If you are currently seeking a settlement loan for a mesothelioma case, begin applying online today by filling our our personal injury funding application. Once we have received your information we will immediately process your application and match your case with those lenders that handle mesothelioma funding.

Facts regarding asbestos:

If your home was built prior to 1980 it is imperative that you get your house inspected for asbestos.

Asbestos is commonly found in boilers, fire doors, pipe insulation, sprays, construction materials, roofs, insulation, electrical cloth, electric wiring, tiles, firebrick and floors among other places.

Asbestos can effect a victim up to 50 years after being exposed to asbestos.

Some of the common symptoms of Mesothelioma include:

• shortness of breath
• lower back pain
• weight loss
• fatigue
• coughing
• fever
• pain in the sides of your chest
• swelling of glands

There are three forms of Mesothelioma include:

• Pleural Mesothelioma – affects the inside of the chest that house the lungs
• Peritoneal Mesothelioma – affects the membranous lining of the abdomen that encloses the stomach, intestines, liver, spleen, and pancreas
• Pericardial Mesothelioma –affects the membrane that surrounds the heart

If you or your loved one is diagnosed with mesothelioma and you currently are in litigation, you may qualify for a settlement loan. If you have a loved one who has passed away due to mesothelioma you still may be eligible a claim and receive compensation.

Our Mesothelioma settlement loan companies represent those victims who have suffered injuries and families who have lost a love one. We have committed ourselves to getting the best possible result as quickly as possible. In every personal injury lawsuit there are significant costs and time spent litigating mesothelima lawsuits. For many people that can’t afford to continue a lawsuit without a quick settlement a settlement loan is a viable option. We work with those companies that provide non recourse funding which means you don’t pay back the lawsuit loan if your attorney isn’t successful at winning a settlement.

We always recommend consulting an attorney prior to settling a claim with any insurance company. While insurance companies are quick to settle the case out of court, they typically don’t give full compensation without representation of an experienced attorney.

Canada Student Loans and Grants

The Canada Student Loans Program provides loans and grants to Canadians attending a University, College, Trade School, or Vocational School, if they need help financing their education.

Student Loans*

The Canada Student Loans Program enables students with a demonstrated financial need to attend a post-secondary institution by providing them with loans to cover the costs of going to school. In doing so, the Government of Canada attempts to ensure Canadians have the opportunity to develop the knowledge and skills needed to participate in the economy and society.

Applying for a Canada Student Loan

Applying for a Government Student Loan
Determine your eligibility for a Canada Student Loan--find out how to apply for a loan, and learn when you will receive the funds. Some pages within this section will ask you for your student profile in order to provide the information that is most relevant to your situation.

Designated Educational Institutions
To help determine your eligibility for a loan, visit the designated list of educational institutions where students are eligible to receive Canada Student Loans.

Financial Planner
The Financial Planner provides you with three tools to help you finance and budget for your postsecondary education: The Education Cost Calculator, the Budget Estimator and the Online Budget Planner.

Need Assessment Tables for Full-Time Loans
These tables assist full-time students in determining whether or not they are eligible for a student loan.

Student Financial Assistance Estimator
The Student Financial Assistance Estimator (SFAE) will help you determine the amount of assistance you could potentially receive from the Canada Student Loans Program (CSLP).

Repaying Your Canada Student Loan

Repaying Your Student Loan
Visit CanLearn’s “Repaying your Government Student Loan” section to find out when you have to begin paying back your loan, what your monthly payments will be and how to repay your student loan faster. Some pages within this section will ask you for your student profile in order to provide the information that is most relevant to your situation.

Debt Reduction in Repayment
Determine how Debt Reduction in Repayment (DRR) may be able to assist you if you face exceptional long-term financial difficulty. DRR will reduce your outstanding student loan principal and lower your monthly loan payments. Click here to access the Maximum Income Guidelines for DRR.

Interest Relief
Interest Relief can help you meet your repayment obligations if you are temporarily unable to repay your government student loans due to unemployment or a low income. Click here to access the Maximum Income Guidelines for Interest Relief.

Permanent Disability Benefit
If you have a permanent disability and you are experiencing exceptional financial hardship repaying your Canada Student Loan(s) due to your disability, you may qualify for the Permanent Disability Benefit (PDB) which allows for the reduction of your loans.

Revising the Terms of your Loan
Revision of Terms is a debt management measure designed to help you decrease your monthly payment amount should you be unable to repay your government student loans according to the terms in your Consolidation Agreement.

Tax Relief
Click on the link above to find out what forms of tax relief the Government of Canada offers students.

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Grants**

Grants are available from the Government of Canada to increase the participation of under-represented groups in post-secondary education as well as to encourage parents to start saving for their child(ren)’s post-secondary education early. Grants are also available for students in a variety of fields and who are at different levels in their education.

Canada Study and Access Grants

Grants for Students from Low Income Families and High-need Part-time Students
This grant is available to first-time students from low-income families at any designated post-secondary educational institution.

Grants for Students with Dependants
This grant is awarded to students who have dependants and who demonstrate financial need exceeding the established amounts in their combined federal and provincial loans.

Grants for Students with Disabilities
The Grant for Students with Disabilities provides funds for accommodation, tuition, books, and other education-related expenses related to a student’s disability.

Grants for Women pursuing Doctoral Studies
The Grant for Women pursuing Doctoral Studies is intended to help increase the participation of women in certain fields of study at the doctoral level.

Other Grants and Scholarships

Apprenticeship Incentive Grant
The Apprenticeship Incentive Grant (AIG) helps apprentices cover some of the expenses related to tuition, travel and tools to reduce the barriers faced by many Canadians who wish to pursue a career in the skilled trades.

Canada Education Savings Grants
The Canada Education Savings Grant is a grant offered by the Government of Canada to help parents save for their child's education.

Canadian Millenium Scholarships
The Canadian Millennium Foundation provides a range of bursaries, awards and scholarships to improve access to Canadian undergraduate post-secondary education.

Scholarship Search
The CanLearn Scholarship Search is a service provided in collaboration with Studentawards.com: the leading FREE Canadian scholarship search service devoted to helping students find information on scholarships, bursaries, grants, and other forms of financial assistance.

More Information about the Canada Student Loans Program

Learn more about the Canada Student Loans Program (CSLP) by visiting the links below:

The Canada Student Loans Program
Visit the Canada Student Loans Program link to find out more about its mission, how it is organized and an overview of the program.

Acts and Regulations
To review the acts and regulations regarding the Canada Student Loans Program, please visit the page above.

Publications and Reports
The Publications and Reports page gives you access to Canada Student Loans Program information guides and reports.

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Related Links

CanLearn
CanLearn is an online source for information on post-secondary education and learning resources in Canada. CanLearn provides information needed to apply for, maintain, and repay student loans in Canada.

Canada Revenue Agency
The Canada Revenue Agency’s Web site contains all the information student loan borrowers need in order to file their taxes.

Online Tools
CanLearn offers a list of interactive tools that will help you save, plan and pay for your post secondary education.

National Student Loans Service Centre (NSLSC)
The National Student Loans Service Centre (NSLSC) is a government agency that processes students’ federal loan repayments and offers assistance programs to students who experience difficulty repaying their student loan.

Provincial and Territorial Student Assistance Offices
Provincial and Territorial Student Assistance Offices provide application forms and information on student assistance programs. They confirm students' eligibility, process loan applications, assess students' financial need, and send loan documents to student loan borrowers.

EDUCATION LOAN SCHEMES (punjab )

EDUCATION LOAN SCHEMES

1. Objective of the scheme: The educational loan scheme outlined below aims at providing financial support from the banking system to deserving and / meritorious students for persuing higher education in India and abroad. The main emphasis is that every meritorious student though poor is provided with an opportunity to persue education with the financial support from the banking system with affordable terms and conditions. No deserving student is denied an opportunity to persue higher education for want of financial support.

2. Applicability of the Scheme: The scheme detailed below could be adopted by all commercial Banks. The scheme provides broad guidelines to the banks for operationalising the educational loan scheme and the implementing bank will have the discretion to make changes suiting to the conveninence of the students / to make it more customer friendly.

3. Eligibility Criteria :

3.1 Student Eligibility :

• Student should be an Indian National
• Secured admission to professional / technical courses in India or abroad through entrance Test / Merit Based Selection process.

3.2 Courses Eligible:

(a) Studies in India : ( Indicative List)

• Graduation courses : B.A. B.Com, B.Sc., etc.
• Post Graduation courses : Masters & Phd.
• Professional Courses: Engg. , Medical, Agriculture , Veterinary, Law ,Dental, Management , Computer etc.
• Computer certificate courses of reputed institutes accredited to Deptt. of *electronics or institutes affliated to university.
• Courses like ICWA , CA , CFA etc.
• Courses conducted by IIM, IIT, IISc , XLRI, NIFT, etc.
• Courses offered in India by reputed foreign universities .
• Evening courses of approved institutes.
• Other courses leading to diploma / degree etc. conducted by colleges/ universities approved by UGC/ Govt/ AICTE /AIBMS/ ICMR etc.
• Courses offered by National Institutes and other reputed private institutions. Banks may have the system of appraising other institution courses depending on the future prospects/recognition by user institutions.
  

(b) Studies Abroad :

• Graduation For job oriented professional/technical courses offered by reputed universities.
• Post Graduation MCA,MBA,MS etc.
• Courses conducted CIMA-Londin, CPA in USA etc.

3.3 Expenses considered for Loan

• Fee payable to College/School/hostel.
• Examination/library/laboratory fee.
• Purchase of books/equipments/instruments/uniforms.
• Caution deposit/building fund/refundable deposit supported by institution bills/receipts.
• Travel expenses/passage money for studies abroad.
• Purchase of computers-essential for the completion of the course.
• Any other expense required to complete the course- like study tours, project work, Thesis etc.

4. Quantum of Finance.

Need based finance subject to repaying capacity of the parents/students with margin and the following ceilings.

Studies in India - Maximum Rs. 7.50 lacs
Studies abroad - Maximum Rs. 15.00 lacs.

5. MARGIN

Upto Rs. 4.00 lac : NIL
Above Rs. 4.00 lac : Studies in India : 5%
Studies Abroad : 15%

Scholarship/assistantship to be included in margin.
Margin may be brought in on year to year basis as and when disbursements are made on a pro-rata basis.

6. SECURITY

Upto Rs. 4.00 lac : No Security

Above Rs. 4.00 lac & : Collateral in the form of a suitable third party

Upto Rs. 7.5 lac guarantee. The Bank may, at its discretion waive third party guarantee if satisfied with the net worth/means of parent who would be executing the documents as “joint borrower.”

Above Rs. 7.5 lac Collateral security of suitable value or suitable third party guarantee alongwith the assignment of future income of the student for payment of installments.

NOTE :

• The loan documents should be executed by both the student and the parent/guardian as joint borrower.
• The security can be in the form of land/building/Govt. securities/Public Sector Bonds/Units of UTI,NSC,KVP,LIC Policy, gold, shares/debentures, bank deposit in the name of student/parent/guardian or any other third party with suitable margin.
• Wherever the land/building is already mortgaged, the unencumbered portion can be taken as security on II charge basis provided it covers the required loan amount.
• In case the loan is given for purchase of computer the same is to be hypothecated to the Bank.

Banks who wish to support highly meritorious/deserving students without security may delegate such powers to fairly higher level authority.

7. RATE OF INTEREST

(a)The concession of 1% additional interest on account of service shall be governed by HO PS Circulatory letter No.67/2004 dt 15.12.2004 as already laid down under the scheme.

(b)Further, an additional benefit of 0.50% will be applicable to those borrowers (including staff) who offer additional collateral covering 100% of the loan amount.

Simple interest to be charged during the Repayment holiday/moratorium period Penal interest @ 2% be charged for above Rs. 4.00 lacs for the overdue amount and overdue period.

8. APPRAISAL/SANCTION/DISBURSEMENT

• In the normal course, while appraising the loan the future income prospects of the student will be looked into. However, where required, the means of parent/guardian could also be taken into account to evaluate re-payment capability
• The loan to be sanctioned as per delegation of powers preferably by the Branch nearest to the place of domicile.
• No application for educational loan received should be rejected without the concurrence of the next higher authority.
• The loan to be disbursed in stages as per the requirement/demand directly to the Institutions/Vendors of books/equipments/instruments to the extent possible.

9. REPAYMENT

Repayment holiday/Moratorium : Course period + 1 year or 6 months after getting job, whichever is earlier

The loan to be repaid in 5-7 years after commencement of repayment. If the student is not able to complete the course within the scheduled time , extension of time for completion of course may be permitted for a maximum period of 2 years. If the student is not able to complete the course for reasons beyond his control, sanctioning authority may at his discretion consider such extension as may be deemed necessary to complete the course.

• The accrued interest during the repayment holiday period to be added to the principal and repayment in Equated Monthly Instalments (EMI) fixed.
• 1% interest concession may be provided for loanees if the interest is serviced during the study period when repayment holiday is specified for interest / repayment under the scheme.

10. FOLLOW UP

Banks to contact college/university authorities to send the progress report at regular intervals in respect of students who have availed loans.

11. PROCESSING CHARGES

No processing/upfront charges may be collected on educational loans.

12. CAPABILITY CERTIFICATE :

Banks can also issue the capability certificate for students going abroad for higher studies. For this financial and other supporting documents may be obtained from applicant, if required.

(Some of the foreign universities require the students to submit a certificate from their bankers about the sponsors’ solvency/financial capability ,with a view to ensure that the sponsors of the students going abroad for higher studies are capable of meeting the expenses till completion of studies).

13. OTHER CONDITIONS :

No due certificate need not be insisted upon as a pre-condition for considering educational loan. However, banks may obtain a declaration/an affidavit confirming that no loans are availed from other banks.

Loan applications have to be disposed of within a period of 15 days to 1 month, but not exceeding the time norms stipulated for disposing of loan applications under priority sector lending.

In order to bring flexibility in terms like eligibility, margin, security norms, banks may consider relaxation in the norms on a case to case basis delegating the powers to a fairly higher level authority.

HOUSING LOAN SCHEME

PURPOSE :

To purchase or construct a new house/flat.

To purchase an existing (old) house/flat.

To extend, repair, renovate or alter an existing house/flat.

To purchase a plot of land for the purpose of construction of a dwelling unit.

Two house loans may be given depending upon repayment capacity.

To take-over of house loans from other Banks/Fis.

ELIGIBILITY :

Individual(s) over 18 years of age with a steady source of income, including persons engaged in agriculture and allied activities.

Income of spouse can also be considered if the property is jointly held with the spouse and the spouse is a co-borrower or the property is held in single name and the spouse stands as a guarantor.

Regular income from all sources as also rental from house/flat being purchased can be considered.

Cost of furnishing and consumer durables may be included in the project cost up to a maximum extent of 10% of the project cost or maximum of Rs.2 lacs, whichever is lower.

Where the loan is for purchase of Plot of land for the construction of a dwelling unit or repair or renovations the Maximum loan amount should be limited toRs.20 lacs.

SECURITY : Mortgage of property & Check-off facility or Post dated cheques or Third party guarantee.

MARGIN :

Loan amount upto Rs. 1 crore: 20%
Above Rs. 1 Crore: 25%

REPAYMENT:
The maximum repayment period allowed is 25 years by way of EMI (including a moratorium of 18 months from the disbursement of first instalment of the loan or completion of construction, which may be earlier).

Flexible Monthly Instalment option also available under Customised Housing Loan Scheme.

INSURANCE :

Required. It should cover all risks.

Life Insurance of the borrower is also available on concessional premium.

PROCESSING FEE: Up to Rs.25000/-

Loan above Rs.25000/- 0.50% of Loan amount.

(waived in case of Loan sanctioned under Plus schemes.

DOCUMENTS REQUIRED

Sale Deed/Agreement of sale

Copy of approved drawings of proposed construction/purchase/extension.

Detailed cost Estimate/Valuation Report from Chartered Engineer/Architect.

Non-Encumbrance Certificate for 13 years.

Salary Certificate & Form 16 of previous year.

SBBJ CAR LOAN SCHEME

Move ahead in life with SBBJ Car Loans!

If you have been putting off purchasing that car, we invite you to go through SBBJ Car Loans scheme. Just step in to any of our 832 branches that offer Car Loans which will give wheels to your desire!
Low interest rates, easy repayment options, total transparency, low processing charges, and finance to include vehicle registration charges, insurance and one time road tax i.e. on road cost of vehicle.

You can apply for an SBBJ Car Loan to purchase :
A new car, jeep, Multi Utility Vehicle (MUV) or SUV (any make or model)
An old car / jeep / MUV /SUV (not more than 5 years old). (any make or model)
We even reimburse the cost of new vehicle purchased by you in past 2 years from your own sources.

Enjoy the SBBJ CAR LOAN Advantage :
Excellent service and lower costs. A quick survey of similar schemes available elsewhere and you will find that SBBJ Car Loans for new and old vehicles offer you
Lowest interest rates
Longer repayment period of upto 84 months.

Low processing charges.
No hidden costs or administrative charges.
Finance for one-time road tax, registration fee and insurance premium
No advance EMIs.(Some Banks/companies ask you to pay one or more EMIs at the time of disbursement of loan, thereby effectively reducing your loan amount.)
Complete transparency : We levy interest on daily reducing balance method. When you pay one instalment, the interest is automatically calculated on the reduced balance thereafter. When you pay interest on an annual reducing balance (as charged by many other companies/banks) the interest amount for the coming year is determined on the amount outstanding at the beginning of the year. You continue to pay interest even on the amounts you repay during the year.
Always compare the Equated Monthly Instalments (EMIs) and the total payments you would be required to make and not the rates of interest.

The Scheme

Purpose
You can take finance for
A new car, jeep or Multi Utility Vehicles (MUVs)

An old car / jeep (not more than 5 years old).

(Any make or model)

Eligibility
To avail an SBBJ Car Loan, you should be an
Individual between the age of 21-65 years of age.
A Permanent employee of State/Central Government, Public Sector Undertaking, Private company or a reputed establishment or
A Professionals or self-employed individual who is an income tax assessee or
A Person engaged in agriculture and allied activities.
With Net Annual Income Rs. 75,000/- and above.

Personal Banking- ADVANCES

SBBJ CAR LOAN SCHEME

Move ahead in life with SBBJ Car Loans!

If you have been putting off purchasing that car, we invite you to go through SBBJ Car Loans scheme. Just step in to any of our 832 branches that offer Car Loans which will give wheels to your desire!
Low interest rates, easy repayment options, total transparency, low processing charges, and finance to include vehicle registration charges, insurance and one time road tax i.e. on road cost of vehicle.

You can apply for an SBBJ Car Loan to purchase :
A new car, jeep, Multi Utility Vehicle (MUV) or SUV (any make or model)
An old car / jeep / MUV /SUV (not more than 5 years old). (any make or model)
We even reimburse the cost of new vehicle purchased by you in past 2 years from your own sources.

Enjoy the SBBJ CAR LOAN Advantage :
Excellent service and lower costs. A quick survey of similar schemes available elsewhere and you will find that SBBJ Car Loans for new and old vehicles offer you
Lowest interest rates
Longer repayment period of upto 84 months.

Low processing charges.
No hidden costs or administrative charges.
Finance for one-time road tax, registration fee and insurance premium
No advance EMIs.(Some Banks/companies ask you to pay one or more EMIs at the time of disbursement of loan, thereby effectively reducing your loan amount.)
Complete transparency : We levy interest on daily reducing balance method. When you pay one instalment, the interest is automatically calculated on the reduced balance thereafter. When you pay interest on an annual reducing balance (as charged by many other companies/banks) the interest amount for the coming year is determined on the amount outstanding at the beginning of the year. You continue to pay interest even on the amounts you repay during the year.
Always compare the Equated Monthly Instalments (EMIs) and the total payments you would be required to make and not the rates of interest.

The Scheme

Purpose
You can take finance for
A new car, jeep or Multi Utility Vehicles (MUVs)

An old car / jeep (not more than 5 years old).

(Any make or model)

Eligibility
To avail an SBBJ Car Loan, you should be an
Individual between the age of 21-65 years of age.
A Permanent employee of State/Central Government, Public Sector Undertaking, Private company or a reputed establishment or
A Professionals or self-employed individual who is an income tax assessee or
A Person engaged in agriculture and allied activities.
With Net Annual Income Rs. 75,000/- and above.

Salient Features

Loan Amount

A maximum loan amount of 2.5 times the net annual income can be sanctioned. If married, your spouse's income could also be considered provided the spouse guarantees the loan The loan amount includes finance for one-time road tax, registration and insurance! There is no upper limit for the amount of a car loan for new car. It is decided by your repaying capacity.

Documents Required

You would need to submit only the following documents along with the completed application form if you are an existing SBBJ account holder:
Bank statement for the last 6 months
Two passport size photographs
Latest salary slip and Form 16, in the case of salaried persons
IT returns for the last two financial years, in the case of self employed individuals and professionals 3 years' IT returns.
If you are not an account holder with SBBJ you would also need to furnish documents that establish your identity and give proof of residence.

Dhanam MediClinic Finance Scheme

Eligibility

v	Assistance under this scheme would be available to Qualified Doctors in any systems of medicine.

v	The facility will be available for setting up their professional Medical practice/ consultancy ventures.

Project Cost

v	The cost of project should be need based and not to exceed Rs.20 lacs. It may include cost of land, building, furniture and fixtures and equipment related to the profession.

v	The cost of land and building should not exceed 50% of the total project cost.

Promoter's Contribution

Not less than 25% of the project.


Loan Amount

v	A Term Loan of Rs.15 lacs or 75% of the project cost whichever is less.

v	The party is also eligible for working capital requirement.

Rate of Interest

v

BPLR

Period of Loan

Maximum of 5 years with an initial holiday not exceeding 1 year. i.e. (60+12) months.


Security

v

Primary

First charge on fixed assets and other assets acquired out of term finance availed from Bank.

v	Collateral

100% if collaterally secured by property
OR
25% if security is accepted by way of our Bank Deposit, NSC, LIP with surrender value and eligible for assignment, KVP and Govt.Bonds.


Other Conditions

The applicant should devote his/her direct and full attention towards his/her proposed professional/ self- employment venture. The premises acquired under the scheme should be used exclusively for professional purposes and not resident- cum-office.

Dhanam Ready Money Loan

Purpose Of The Loan

For meeting following business/ personal needs.

1. Business requirements

v	Investment in fixed assets such as business premises, furniture and fixtures for business premises, IT systems, interior decoration, machinery, equipments, construction of factory/office buildings or repairs/renovation thereof etc.

v	Working capital requirements for trade/manufacturing/service sectors

v	Infusion of long term WC

v	Mismatches in cash flow

v	Payment of duties/taxes etc.

v	Setting up/expansion of small business/trade

v	Contractors for earnest money deposits, undertaking contract works

v	Professionals such as doctors/chartered accountants etc. for setting up clinics/offices

v	Agriculturists/planters for asset creation/periodical agri. operations

v	Purchase of vehicles

2. Personal needs

v	Children’s education/marriage etc.

v	Acquisition of consumer items

v	Investment in permitted securities (complying with relative RBI guidelines)

v	Acquisition of assets such as vehicles

v	Medical expenses

v	Travel expenses

No loan for speculation, hoarding or activities which are restricted by Government/RBI or any other regulatory body.

Eligibility

v	Individual businessmen who are over 21 years of age. Upper age to be considered in such a way that the repayment of the loan would be completed before the applicant reaches the age of 65 years.

v	Proprietorship/partnership firms that have been in existence for at least five years.

v	Limited liability companies which have been in existence for at least five years.

v	Professionals such as doctors/dentists/chartered accountants etc. who have been practicing for at least three years.

v	Permanent employees of Central/State government/profit making Public Sector Undertakings/Blue Chip private sector companies/reputed institutions with a minimum of three years of service.

v	Planters with minimum land holding of 10 acres and who pay Agricultural income tax.

v	Trusts and societies would not be eligible.

Amount Of Loan

v	Minimum amount: Rs.1 lakhs.

v	Maximum amount: Rs.300 lakhs.

Security

v	200% by way of RE

v	Loan/advance upto 75% of the assessed/market value of other securities like Government bonds/securities, gold, Life Insurance Policies etc.

v	Post Dated Cheques covering the installments.

Rate Of Interest

BPLR + 1%

Loan Period :

v	Six months to five years

Repayment

v	EMIs/quarterly/half yearly/annual/bullet repayment depending on the nature of identified cash flow.