Bank Loan

Bank Loans are easily available for higher studies anywhere in the world. Loans should be preferably taken from a Nationalised Bank. The term & condition for educational loans may vary from Bank to Bank.

Eligibility

All Professional/Technical job oriented courses offered by reputed Universities.

Loan Amount

Maximum Rs.15 Lakhs.

Security

For Loans upto Rs.4 Lakhs, no collateral security is required. For Loans above Rs.4 Lakhs, collateral security is required.

Repayment

Course period + one year or 6 months after getting a job, whichever is earlier. The loan is to be repaid in 5-7 years after commencement of repayment.

Rate of Interest

Upto Rs. 4 Lakhs-PLR
Above Rs. 4 Lakhs-PLR + 1%

Simple interest will be calculated during Repayment Holiday / Moratorium period.