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.