Purpose

You can take a loan for pursuing studies in recognised schools/ colleges/ institutions to meet:

• For Professional Courses, i.e., B.E., B.Tech., M.B.B.S.

• Post Graduate Courses, i.e., M.E., M.Tech., M.S., M.D., M.B.A., M.C.A., etc., recognized by AICTE

• For part time/ on-line distance learning courses (subject to terms & conditions)

Eligibility

• For Post Graduate Courses: First class graduates.

• Age of the applicant should not be more than 30 years for Indian Universities.

• Age of the parent/ Guarantors should be below 55 Years.

• The annual income of the family should not be less than Rs. 3 lac.

Loan Amount

• Studies in India - Maximum Rs.5 lacs
• Studies Abroad - Maximum Rs.15 lacs

Margin

Interest

Loan Amount Interest Rate
Loans upto Rs.4 lacs: PLR
Loans over Rs.4 lacs: PLR + 1%

Repayment of loan

Moratorium period of 2 years i.e. the course duration. Loan repayment within the next 3 years

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