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Applicant |
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Any Individual / Joint.
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Purpose |
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To avail loan for students for their studies in
India or abroad on stipulated terms and conditions.
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Loan Amount |
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For Education in India - Rs. 10 Lakh & for Education abroad - Rs. 20 Lakh as per Bank's credit policy with minimum margin of 10%.
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Rate of Interest |
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Click Here for Rate of Interest |
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Repayment |
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Maximum up to 60 months. Moratorium period will be extra.
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Security |
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Two Guarantors.
Registered Mortgage of immovable security offered.
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Processing Fees |
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0.40% of the loan amount (Minimum Rs. 400 & Maximum Rs. 10,000)
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Shareholding |
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5.00% of the loan amount ( Unsecured )
2.50% of the loan amount ( Secured )
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Documents |
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Quotation / Budget / Prospectus with full details of Educational course.
For other documents - Check Additional Information.
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Insurance |
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Insurance of property charged to the Bank.
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Other |
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Other Terms and conditions are also applicable.
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