|
Purpose |
: |
For Education in India and Abroad |
|
Eligibility |
: |
Salaried Employees / Businessmen / Professionals |
|
Limit of loan |
: |
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 |
: |
Upto 3 Lacs 11%. Above 3 Lacs 10%. |
|
Processing fees |
: |
Rs. 5.00 per thousand. |
|
Shareholding |
: |
Share money of 2.50 % of the loan be taken. |
