Emax Group of Institutions collaborates with Central Bank of India

With the mounting fee structure of educational institutions it has become really difficult for students, belonging to average pool of society, to enroll themselves for higher studies due to cash crunch. However, if obstacle is cash, an education loan is at rescue at Emax Group of Institutions. An MOU was signed between Central Bank of India and Emax Group of Institutions desiring to strengthen and further develop co- operation believing that cooperation would serve their common interest on the basis of equality and mutual benefit. Dr. V.N.Pathak, Dy. General Manager of Central  Bank of India and Mr. Praveen Bansal, Executive Director of E-Max Group of Institutions signed the MoU. Through the MoU, the bank and Institute will agree in providing easy educational loans to students, thereby ensuring that financial constraints do not come in the way of students while striving for quality education. The move is going to prove a major step in ensuring convenient and hassle free education loan to the students. Emax institutes have made education loan an easygoing task for the applicants. One can apply for the loan by visiting any branch of Central bank of India in person by taking a letter from the college. The Bank will not be asking for any security and charges no margins for a loan amount upto Rs. 4 Lacs. Another key benefit of this loan scheme is the deferment of re-payments. The borrower student of Emax Institutes is not required to repay the loans while studying as the re-payment process commences after completion of the said course and attaining a job within a stipulated span of time. Bank has assured to show considerable flexibility towards borrower in terms of repayment schedule.

“A dignified education can change the entire life of a person, leading him towards a successful life and financial independence. Education loan enables you to meet the financial demands of a reputed MBA, M.Tech, Diploma, MCA, B.Tech program or any such professional course offered at Emax Group of Institutions. The best part of this education loans is that once you complete your objective and achieve financial freedom, you can pay back them easily as per terms & conditions of Education Loan Scheme. Hence, the commitment involved with loan is very reasonable and appealing.” Said Om Prakash Aggarwal, CMD of Emax Institutes.

Adding to the advantage of the MoU Dr. V.N. Pathak, DGM, Central Bank of India said that the best advantage of this education loan is that it not only satisfies the financial need to proceed with higher education but helps in saving income tax also while repayment. Tax benefits on education loan end up reducing overall cost of the loan. He stated that this going to be banking relation with one of the Region’s largest Educational Institute is a conscious effort by the bank to extend services to the thousands of students, thereby making an implicit contribution in the field of promoting education through financial services of highest operational standards.