|
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 |
| 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 |
8.00 %
|
| Share linking |
2.5% of the loan amount sanctioned |
| Guarantee |
Two guarantor possessing property and also Income tax-payer |
| Security |
(i) Up to Rs.100000/- Nil
(ii)Above Rs.100000/- Mortgage of Immovable property or lien/assignment of Govt. securities
|
| Processing fee |
Nil |
