Education Loan Scheme Brand Brand Brand Brand New
- Document Required
A phrase loan provided to Indian Nationals for pursuing degree in Asia or abroad where admission was guaranteed.
- Repayment period of upto 15 years after Course Period + 12 months of payment holiday*
- Processing Costs
- Loans upto Rs. 20 lacs : NIL
- Loans above Rs. 20 lacs: Rs. 10,000 (plus taxes)
- Upto Rs. 7.5 Lacs:Only Parent/ Guardian as co-borrower. No Collateral Security or alternative party guarantee
- Above Rs. 7.5 Lacs:Parent/ Guardian as co-borrower and collateral security that is tangible
- Up to Rs 4 Lacs – Nil
- Above Rs 4 Lacs – 5% for studies in Asia, 15% for studies in abroad
- Repayment will commence one after completion of course year.
- Loan to be paid back in 15 years following the commencement of payment
- Just in case 2nd loan is availed for greater studies later on, to settle the blended loan amount in fifteen years after conclusion of 2nd program
- EMI Generation
- The accrued interest throughout the moratorium course and duration period is put into the concept and payment is fixed in Equated equal payments (EMI).
- If complete interest is serviced ahead of the commencement of payment; EMI is fixed predicated on concept quantity just.
- Please click on this link to interest rate
- A term loan awarded to Indian Nationals for pursuing advanced schooling in Asia or abroad where admission happens to be guaranteed.
Studies in Asia
- Graduation, Post-graduation including regular technical and expert Degree/Diploma courses carried out by colleges/universities authorized by UGC/ AICTE/IMC/Govt. (mehr …)