Education loans offered by the Lord Krishna Bank are of two categories.
||Courses leading to graduation in job oriented
professional\ technical courses offered by reputed universities and postgraduation like MCA, MBA, MS.
||Courses conducted by CIMA-London, CPA in
Expenses required to complete the course including Travel expenses\passage
money for studies abroad except Capitation for and donations are not
Amount of Loan
Maximum loan Rs 5 lakhs for studies in India and upto Rs. 10 lakhs for
overseas studies. Loan amount is need based and subject to repaying
capacity of the parents\students.
Loan upto Rs. 4 lakhs : Nil.
Loan above Rs. 4 lakhs : 15%. for
studies while 5% for
study in India.
Rate of Interest
Upto Rs. 4lakhs : PLR
For amount exceeding
: PLR+l percent (15
Rs. 4lakhs percent).
For Loans upto and including Rs. 25000, no penal charges are to be made.
Course period+1 year or six months after getting job whichever is earlier.
Loan is to be repaid within a period of five to seven years after
commencement of repayment.
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.
Indian Express Building, Kaloor
Kochi - 682 017 (Kerala)