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