LOAN TO MEET EXPENSES FOR HIGHER STUDIES BY BRIGHT STUDENTS

Purpose Education loans to students to pursue higher education from Educational Institutions approved by the Govt. recognised Universities in India and Abroad.
Eligibility Students with bright academic carreer.
Nature of facility Term Loan
Amount of Limit 1.Rs.10.00 lacs- Maximum for Education in India
2.Rs.20.00 lacs -Maximum for Education Abroad 
Basis of Advance Depending upon Guardian's income, value of security, guarantee,study expenses including lodging, boarding and travel expenses.
MORATORIUM PERIOD From date of disbursement till completion of the study period. However, interest will have to be serviced by the guardian as and when applied.
Repayment Period Upto 7 years (Inclusive of Moratorium Period).
Rate of Interest CLICK HERE FOR THE RATES
Processing fees As per policy of the Bank from time to time . At present NIL.
Shareholding/ Membership Contribution 2.50% of loan amount for limits of Rs.1.00 lac and above.
Guarantee Suitable guarantors with good net woth and acceptable to the Bank
Security As applicable and as acceptable to the Bank.
Conditions apply