E-max Group of Institutions, which offers professional courses such as MBA, M.Tech, Diploma, MCA, B.Tech, or any such professional courses, collaborated with Central Bank of India. An MOU was signed between Central Bank of India and E-max Group of Institutions for providing easy educational loans to students. Dr. V. N. Pathak, Dy General Manager, Central Bank of India and Mr. Praveen Bansal, Executive Director of E-max Group of Institutions signed the MOU. It was observed that with the mounting fee structure of educational institutions it has becoming increasingly difficult for students, belonging to average pool society, to enroll themselves for higher studies due to cash crunch. Therefore for ensuring that financial constraints donot come on the way of students while striving for quality education. Both the Bank and E-max Group entered into the arrangement for providing hassle free education loan to students.
E-max Institutions have made education loans an easy going task for the applicants 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 would not be asking for any security and charges no margin for loan amount upto Rs 4 lacs. Another key benefit of this loan scheme is the deferment of repayment. The borrower of E-max Institutions is not required to repay the while studying as the repayment process commences after completion of the said course and attaining a job within stipulated span of time. Bank has assured to show considerable flexibility towards borrowers in terms of repayment schedule