Particulars

Purpose

Higher Education course approved by AICTE,and Govt.,approved university/college

Eligible Course

For Approved Graduation, Post-graduation, P.hd., Research courses in Engineering, Pharmacy, Medical, Management, Computer

Loan Amount

Domestic Education Loan: Maximum Rs. 100.00 Lacs.
Foreign Education Loan: Maximum Rs. 100.00 Lacs.

Margin

• (i) For India -30% of fee, Hostel Fee, other eligible exp. Or 70% of valuation of mortgaged property whichever lower
• For Foreign –25% of fee, Hostel Fee, other eligible exp. or 75 % of valuation of mortgaged property whichever lower

Repayment Period

Maximum 120 months (Including moratorium period up to course period)

Rate of interest

• For India -- 9.25 %
• For Foreign [Male] – 8.40%
• For Foreign [Female] – 8.40%

Share linking

2.5% of the loan amount sanctioned

Guarantee

Two guarantor possessing property and also Income tax-payer

Security

(i) Up to Rs.300000/- Nil
(ii) Above Rs.300000/- Mortgage of Immovable property or lien/assignment of Govt. securities

Processing Fees

Nil