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Eligibility : |
- Meritorious student pursuing higher education in India / Abroad.
- Any Graduation / P.G. level or Professional course, for Diploma or Degree of Govt./Govt.approved institute in India & abroad.
- Need bone finance subject to repaying capacity of parents/Students.
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Rate Of Int :
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See the Rate
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Repayment Period :
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1) For loans as upto Rs.7.50 lacs for India & upto Rs. 15.00 lacs for Abroad . The loan to be reapid in Max of 5-7 years.
2) For Loans (a) Above Rs. 7.50 lacs for study in india and (b) above 15.00 lacs for abroad. The loan to be reapid in Max of 5-10 years after commencement of repayment.
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Proposal Processing Charge:
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Student applying for loan limit above Rs. 4 lac should deposit Rs. 5000/- as sundry deposit. This will be forfeited if loan is not availed.
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Margin :
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Study in India :
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(1) Up to Rs. 4 lacs : "NIL".
- (2) Above Rs. 4 lacs : 5 %
Study Abroad :
- (1) Up to Rs. 4 lacs : "NIL".
- (2) Above Rs. 4 lacs : 15 %
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Max & Min Loan:
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- Study in India Maxi. Rs. 10.00 lacs.
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Study at Abroad Maxi Rs. 20.00 lacs.
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Moratotium : | - Course period + 1 year or 6 month after getting job whichever is earlier.
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Security : |
Study in India :
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(1) Up to Rs. 4 lacs : No Security
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(2) Above Rs. 4 lacs but up to Rs. 7.50 lacs: Collateral in form of a suitable T.P.G.
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(3) Above Rs. 7.50 but up to Rs. 10.00 lacs: Collateral security for full value of Loan.
Study Abroad :
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(1) For Loan upto Rs. 4.00 lacs : No Security
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(2) For Loan above Rs. 4.00 lacs to Rs. 7.50 lacs : Tangible Collateral in form of suitable T.P.G.
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(3) For Loan from Rs. 7.50 lacs to Rs. 15.00 lacs : Tangible Security in suitable form or suitable TPG.
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(4) Above Rs. 15.00 upto Rs. 20.00 lacs : Tangible collateral security for full value of the Loan
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