EDUCATION LOAN

Eligibility

Must be an Indian National Must be over 18 years of age but within 30 years Secured admission to Professional/ Technical courses through Entrance Test/ Selection Process (or) offer letter from the esteemed University with University fees and Living Expenses. No minimum qualifying marks.

Eligible Courses

·         School Education/ Intermediate/ Graduation Courses/ Post Graduation Courses/ Professional Courses: Engineering/ Medical/ Agricultural/ Veterinary/ Dental/ Physiotherapy/ Nursing/ Law/ Management/ PGDRIM/ ICWA/CA/CFA/IIM/ IIT/IISC/XLRI/NIFT and other courses approved by State/ Central Government. ·         All other courses leading to diploma/ degree etc., conducted by colleges/ universities approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc., and offered by National Institutes and other reputed private institute. ·         All Bachelors and Masters courses in Abroad.

 

Quantum of Finance

Need based finance subject to repaying capacity of the parents/ students with a maximum of Rs. 10.00 lacs.

Margin

Upto Rs.4,00,000/-     -              NIL       ;  Above Rs. 4,00,000/-             -              5%

  Up to Rs.8, 00,000/- -           NIL     -           11 to 15%.  (for Abroad

Mode of Disbursement

The loan amount should be released in proportion to the number of years, depending upon the progress of the student. The scholar should produce a certificate from the competent authority for successful completion of academic year for further releases.