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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.