Andhra Bank Education Loan Repayment

I want to take the education loan from Andhra Bank, so give the detail information about education loan , rate of interest and repayment ?

[sumit]

andhra Bank" was founded by the eminent freedom fighter and a multifaceted genius, Dr. Bhogaraju Pattabhi Sitaramayya. The Bank was registered on 20th November 1923 and commenced business on 28th November 1923 with a paid up capital of Rs 1.00 lakh and an authorised capital of Rs 10.00 lakhs.
. The method of repayment is a lump sum with interest at maturity.

Andhra Bank offers educational loans to meritorious students for pursuing a higher degree either in India or abroad.

Eligibility:
Age :
12-30 years for studies in India
18 to 35 years for study in other countries

Institute eligibility
eligibility for loan is determined based on employability of the course and reputation of the institution concerned.
List of accredited institutions for all the courses is kept in this website. Education Loans are given to students who secure admission in accredited Institution

Qualifying Marks Exempted
Quantum of Loan:
Maximum
Rs. 10.00 Lacs for studies in India
Rs. 20.00 Lacs for Studies Abroad
Margin :
Upto Rs.4.00 Lacs Exempted
Above Rs.4.00 Lacs 5% In India 15% for Abroad Studies.
Repayment
The loan to be repaid in 5-7 years after commencement of repayment
Security:
Upto Rs.4.00 Lacs guarantee of parent
Rs.4.00 to 7.50 lacs - guarantee of the parent
Above Rs.7.50 Lacs--Collateral Security of suitable value & guarantee of the parent

Rate of Interest is subject to change in BMPLR from time to time
Interest w.e.f., 01.04.2009
Upto Rs.4.00 Lacs--(BMPLR -1.25) - Presently 11.00%
Above Rs.4.00 lacs--(BMPLR + 0.50) presently 12.75%
(BMPLR at present: 12.25% w.e.f., 01.04.2009)

Concession of 0.50% for women for sanctions after 01.07.2005

Purpose
Loan under the scheme should be considered towards:
Tution Fees
Examination Fees
Study Tours, Project work
Cost of Books, Stationary
Equipment essential for courses
Caution Deposits/ Building Funds/ Refundable Deposits supported by institution bills/receipts, subject to the condition that the amount does not exceed 10% of the total tution fees for the entire course