SCHOLAR LOANS
Apply Scholar Loan online
Education Loans to students securing admissions in:
* The country’s best engineering colleges
*The nation’s elite medical colleges
*India’s top B-Schools
Eligibility :
A term loan granted to Indian Nationals for pursuing higher education in India in selected institutions.
Salient Features :
*Option to avail loan at Campus or branch nearer to permanent residence
*Option to transfer loan account to a branch convenient to student for repayment.
*Student can avail a second education loan for higher studies provided the institution and fees fall within criteria.
Loan amount :
Maximum loan amount upto Rs.15 lacs Expenses covered
* Fees payable to college/school/hostel
*Purchase of books/equipments/instruments
*Travel expenses/expenses on exchange programme
* Purchase of computer/laptop
*Any other expenses related to education
Interest Rate :
1.5% below SBAR effective rate 11.50% p.a. (floating)
Repayment :
*Moratorium upto course duration plus six months
*Flexible repayment period upto 7 years.
Security :
* No security.
* Co-borrower (Parent/guardian as co-borrower at Bank’s discretion)
Margin :
* Nil upto Rs.4 lacs
* 5% above Rs.4 lacs
Documentation Required :
*Letter of admission
*2 passport size photographs
*Proof of identity (driving licence/passport/PAN/any photo identity)
*Proof of residence (driving licence/passport/electricity bill/phone bill)
*Statement of expenses
This information is brought to you by Harmony Infotech. Contact us if you are looking for a Finance Website.
Tuesday, November 18, 2008
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