| Purpose |
To pursue higher studies in India & Abroad. |
| Eligibility |
Students who have secured admission in any University / College are eligible for Education Loan. Loan will be sanctioned jointly to student and parents. Most of the Banks are not giving Loans for 1 or 2 Years Certificate & Diploma Level courses. Please ask your bank for this in advance . |
| Loan Amount |
Any amount beween 4Lakhs to 15 Lakhs ( According to the requirement of the course and Living ) |
| Security |
Upto Rs. 4 lakhs - ON PERSONAL GURANTEE Between 4-7 Lakhs - THIRD PARTY GURANTEE Above 7 Lakhs - ADEQUATE COLLATERAL SECURITY |
| Student's Parent's Contribution |
5BETWEEN 15 -25% OF THE LOAN |
| Rate of Interest (On Floating Basis) |
11.5% P.A. Loan amount above Rs. 4.00 lacs - 12.5 % P.A. |
| Processing Fee |
VARY BETWEEN BANKS ( VERY NOMINAL ) |
| Prepayment |
5-7 years . EMI ( including Pricipal + Interest ) can be commenced after completion of the course. |
| FOR REQUIREMENT OF LOAN , PLEASE CONTACT YOUR BANK DIRECTLY |
