· Should be an Indian National
Purpose Loan for financing Coaching/Tuition fee of reputed Institutions in India to prepare for
Professional Courses entrance examinations (Chartered Accountancy /Medicine /Engineering /Business Management etc.), Civil Services examinations (IAS/IPS/IFS etc) and various
Career & Skill development courses (Training by NIBM, NIIT, APTECH, SSI, SPSS, SAS, SAP etc).
Quantum of loanMinimum ofRs. 25,000/-and Maximum OfRs.2,00,000/-Rate of Interest
Please click Retail credit interest rates
· 5%of the tuition fee as per the fee structure issued by the Institute.
· 25 %for immovable property or 10 % for Movable Assets
· If salary is routed through our Bank, no security is required. However, in such cases third party guarantee is mandatory.
· In case salary/pension is not routed through the Bank, the loan is to be fully secured by Collateral in the form of NSC, LIC Policies, Deposits, KVP , immovable property etc.
Holiday periodNo Holiday period.Repayment Maximum repayment of 3 Years without Moratorium period .Processing Charges:
Please Click here forProcessing Charges.