Educational Loan
Educational Loan
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
1%
Shareholding
Share money of 2.50% of the loan be taken.
