In order to facilitate the aspiring, deserving and brilliant students through required educational loans, Lovely Professional University has signed an MOU with the Central Bank of India. There will be a single-window clearance facility for the loan-needy with loan at nominal and lowest possible interest rates. The Girl-Students will be availing loans at lower rate of interest in comparison to others.
The General Manager of the Central Bank of India, R. Mishra & AGM SC Bhayana were present to sign this MOU. After going for the collaboration, Mr. Mishra expressed: “Education is a fundamental right of each and every denizen of India. However, many of the good students remain devoid of higher studies due to their economic conditions or other types of imposed upon financial constraints. Our bank has taken a great step in this regard by trying to make the loan-procedure very easy. A student will be able to get loan from any of the 3400 branches of our bank through out India.”
On this occasion, the Chancellor of the University Sh. Ashok Mittal said: “Such collaboration would result in supporting brilliant students, lacking financial support and opportunity, to complete their studies. It is often seen that in-spite of students’ strong willingness their parents could not let them join the desired programme of study due to want of money. This MOU is certainly going to prove as a great boon to all such parents and students as procedure in acquisition of the normal loan to continue a programme has been made very easy. Also, CBoI will open a counter in the campus to facilitate the students in the campus itself for speedy disbursal of education loan. ”
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