| Loan Amount |
Minumum Amount: Rs. 50,000
Maximum Amount: Rs. 10,00,000 |
| Rate of Interest |
Click Here for Interest Rates |
| Repayment |
After Course Duration/ After 1year |
| Period Of Repayment |
Maximum 84 Months |
| Eligibility |
- 60% Marks in qualifying exam
- Parents' minimum monthly income Rs. 6000/-
- Loan amount-10 times of net income or 75% of expenses, whichever is less
|
| Security |
- For loan upto Rs. 50,000/- Two Guarantors
- For loan ammount above Rs. 50,000/- Upto Rs. 1.00 Lakh Two Guarantors + collateral like insurance policy, shares, NSC, Gold ornaments.
- For loan above Rs. 1.00 Lakh Two Guarantors + Mortgage of Property
|
| Membership |
2.5% of Loan as Shares |
| Documents |
- Loan Application
- Latest Income Proof of Applicant & Guarantors
- PAN Card of Applicant & Guarantors
- Latest Colour Photo of Applicant & Guarantors
- Latest Address Proof of Applicant& Guarantors
- Student's profile
- Documents of collateral security
- Documents of collateral security
- Undertaking of parent's employer to deduct monthly installment from salary
|
