| |
Particulars |
| Purpose |
Higher Education course approved by AICTE,and Govt.,approved university/college |
| EligibleCourse |
For Approved Graduation, Post graduation,P.hd. ,Research courses in Engineering ,Pharmacy,Medical ,Management ,Computer |
| Loan Amount |
(i) For study in India - Maximumof Rs.10.00 lacs or 75% of fee, living exp.etc.or 60% of valuation of immovable property whichever lower
(ii) For study in foreign –Maximum of Rs.15.00 lacs or 80% of fee, living exp.etc.or 60% of valuation of immovable property whichever lower |
| Margin |
(i) For India -25% of fee, living exp., other eligible exp.or 60% of valuation of mortgaged property whichever lower
(ii) For Foreign –20% of fee, living exp., other eligible exp.or 60% of valuation of mortgaged property whichever lower |
| Repayment Period |
Maximum 84 months (Including moratorium period up to course period) |
| Rate of interest |
11.00% P.A (Subject to change at the discretion of Bank) Interest at monthly rest ( not eligible for credit rating base rebate ) |
| Processing fee |
clieck to view processing charge. |
| Share linking |
2.5% of the loan amount sanctioned |
| Guarantee |
Two guarantor Possessing property and also Income tax-payer |
| Security |
(i) Up to Rs.50000/- Nil
(ii)Above Rs.50000/- Mortgage of Immovable property or lien/assignment of Govt. securities |
