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:: EDUCATIONAL LOAN ::
PURPOSE : For Education in India and Abroad
ELIGIBILITY : Salaried Employees / Businessmen / Professionals
LOAN LIMIT : Maximum Limit in this type of facility will be as per the guidelines of RBI or by the Board of our Bank.
BASIS OF
ADVANCE
: Loan can be considered upto 70 % of expenses
REPAYMENT PERIOD : Moratorium upto the course and the repayment period shall not exceed 7 years
RATE OF INTEREST : For Male : 13.50%
For Female : 13.00%
PROCESSING FEES : Rs 250 for Loan upto 25000 & Rs. 5.00 per thousand above Rs. 25000
SHAREHOLDING : Share money of 2.50 % of the loan be taken.