Educational Loans - Catholic Syrian Bank
Provides financial assistance to deserving students to pursue higher/professional/technical education in India and abroad.
Eligibility - For School Education including Plus Two, Graduation Courses, Post -Graduation Courses etc
- For Courses of study abroad, the student should be an Indian National who has secured admission to professional courses through Test/selection process , to foreign University institutions.
Purpose To meet the tuition and other fees, cost of Books, Computers, refundable deposits supported by Bills/Receipts, travel expenses for studies abroad etc.
Quantum of Finance - Studies in India - Rs. 7.50 lakhs
- Studies Abroad - Rs. 15 lakhs
Rate of Interest Upto Rs.4 lakhs
| 12.00% p.a.
|
Above Rs.4 lakhs
| 12.50% p.a.
|
Security - Upto Rs. 4 lakhs -Nil
- Above Rs. 4 lakhs -Collateral security of value twice the loan amount.
Margin - Upto Rs. 4 lakhs - Nil
- Above Rs. 4 lakhs - Study in India-5%, Study abroad-15%
Repayment To commence after one year of completion of the course or 6months after getting the job, whichever is earlier. Repayment in 5 to 7 years.
Guarantee Personal Guarantee of parents.
Attractive features No Processing Fee. 1% rebate on interest during holiday period, if interest is remitted promptly during the period.
Rate of interest - Upto Rs.4.00 lakhs - 12.50% p.a
Above Rs.4.00 lakhs-13.00% p.a
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