- Upto Rs. 2.00 lakhs 10.00%
- Above Rs. 2.00 Lakhs Upto Rs. 10.00 Lakhs 10.00%
- Above Rs. 10.00 Lakhs 10.00%
Education Loan
Know About
Education Loan
Studies in India & Abroad
Features
Eligibility
The student should be an Indian National. Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test/Merit Based Selection process after completion of HSC (10 plus 2 or equivalent).
Security
Upto Rs. 4 Lakhs : No Security Above Rs. 4 Lakhs i. The parent(s) shall be taken as sureties and upto Rs. 20 Lakhs for the loan. ii. Tangible collateral security of suitable value acceptable to the Bank shall be taken. iii. Additional sureties shall be insisted if the income of the parents is not substantial.
Term of Payment
NA
Margin
Upto Rs. 4 Lakhs : Nil Above Rs. 4 Lakhs Studies in India: 5% Studies in Abroad: 15%
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Rate of Interest