The applicant must have a good academic record and aged above 18 years.
Marks sheets of the examinations as required by the bank authorities,
Proof of residence, copies of photographs, proof of parent's/guardian's
income, collateral paper along with the admission approval.
Within a period of seven days.
75% of the total structured fee (for studies in India)
75% of the total structured fee (for studies abroad)
Rate of Interest
If the studies are to be pursued in India, for an
amount upto Rs. 2,00,000: 14% p.a. If the amount exceeds Rs. 2,00,000: 15%
p.a. Third party guarantee needed. For loans to be taken for studies
abroad, interest rates are same as those mentioned above.
After 5 years.
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.
PB No.ll, Kozhikode 673 001 (Kerala)