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Catholic Syrian Bank education loan
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Catholic Syrian Bank Student Loans
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
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