Details can be had from the bank.
Documents such as marks sheet, proof of guardian's income, necessary
evidence for selection to the course, Photostat copy of the candidate's
ration card along with the details of admissible expenses during the
pursuit of the intended course.
Within a period of seven to eight days.
||Rs. 500000 (for studies in India)
||75% of the course fee (for studies abroad)
Rate of Interest
|| If the studies are to be pursued in India, and the
loan amount is upto Rs. 200000: 13.5% p.a., If the amount exceeds
Rs. 200000: 15.5% p.a. Collateral along with third party guarantee
needed if loan is above Rs. 25,000
|| For loans to be taken for studies abroad upto Rs. 2,00,000: 13.5
% p.a. and for the amount exceeding Rs. 2,00,000 : 15.5% p.a. Collateral along with third party guarantee are
Within a period of 3 to 5 years in India
and for overseas, it is 4 years,
Within a period of six months after the cour3e is completed.
Since the rules, regulations, eligibility conditions, repayments and
interests rates etc. are revised by the banks from time to time in keeping
pace with the changing capital market conditions, students and parents are
advised to thoroughly check the terms and conditions of educational loan
scheme on offer at the time of application.
204, Raheja Centre,
Mumbai - 400 021