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Loan Amount | : |
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Rate of Interest | : | Starting From 9% | ||||||||||||||
CIBIL | Acceptable CIBIL 700 and above | ||||||||||||||||
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Period | : | Maximum Period 15 years including moratorium of 36 months | ||||||||||||||
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Period Of Repayment | : | Maximum Period 15 years including dry period of 36 months | ||||||||||||||
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Guarantor | : | Parent(s) / guardian(s) to be joint borrower(s). No additional Guarantor required. | ||||||||||||||
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Purpose Of Loan | : | Course / Degree /Diploma / Hostel Fee along with Computer exp. etc | ||||||||||||||
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Application Contribution | : | Rs. 4.01 lakh to Rs.10 Lakh - 65 % collateral, Rs.10.01 Lakh to Rs. 20 Lakh - 80 % collateral and Rs.20.01 Lakh to Rs. 100 Lakh - 100 % collateral | ||||||||||||||
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Membership | : | Rs. 5000/- | ||||||||||||||
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Documents | : | 1) Loan Application 2) Income Proof 3) PAN Card 4) Latest Colour Photo 5) Latest Address Proof 6) Quotation 7) Last 12 months Bank Passbook xerox 8) Students profile |
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Who can Apply | : | Parent/s is/are the Applicant and in case student is major he/she is also co-applicant. | ||||||||||||||
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Note | : | * Loan will be sanctioned at the sole discretion of the Bank or Bank reserved the rights to sanction the Loan. * Terms and conditions are Applicable * Initially Loan account will be opened as Cash Credit and after completion of the Course it will be converted in to a Term Loan * Direct Payment will be made |