Catholic Syrian Bank education loan - Student Loan in India

 

 

Catholic Syrian Bank education loan Scheme

Eligibility:

Courses

a) Studies in India

• For School Education including Plus Two
• Graduation Courses
• Post -Graduation Courses etc

b) Studies abroad:

    The student should be an Indian National who has secured admission to professional courses through Test/selection process , to foreign University institutions.

Loan Details 

Coverage of expenses

     To meet the tuition and other fees, cost of Books, Computers, refundable deposits supported by Bills/Receipts, travel expenses for studies abroad etc.

Quantum

• For studies in India : Max. Rs.7.50 lacs
• For studies abroad : Max Rs.15.00 lacs 

Margin:

• Up to to Rs.4.00 lacs - Nil
• Above Rs.4.00 lacs
• for studies in India : 5%
• Studies abroad: 15% 

Security:

• Up to Rs.4 Lakhs : Nil
• Above Rs.4 Lakhs - Collateral security of value twice the loan amount.

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            

• Up to Rs.4 lakhs - 12.00% p.a.
• Above Rs.4 lakhs- 12.50% p.a.

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.

 

Also See

Public Sector Banks to offer Insurance linked Education Loans

 

• Student Loans For Studies in India
  
  
• Student Loans for Studies Abroad
  
  
• Eligibility for getting A Student Loan
  
  
• Student Loan Documentation