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| Eligibility |
|
|
- Student
between 15-30 years pursuing Post-Graduate studies
|
|
|
| Sanction
Limit |
- Maximum
75% of expenses for further education
|
|
|
|
|
Repayment period |
- Payable
in equal installments within 36/60 months after completion of course
of study
|
|
|
|
|
| Rate
of interest |
|
|
- Calculated
on the daily reducing balance of the loan
|
|
|
| Security |
- Charge
over tangible/liquid assets available
|
|
- Life
Insurance Policy of the life of the student (for loan above
Rs. 5,000/-).
|
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- Surety
of two individuals acceptable to the bank
|
|
|
| Documents
Required |
- Proof
of Residence - Xerox copy of Ration Card/Electricity Bill/Telephone
Bill
|
|
- Syllabus
and Letter of Offer of Admission from the Institution
|
