Ratnakar Bank Education Loan- Student Loan in India

Ratnakar Bank Education Loan Scheme

Eligibility

Loan available for Higher Education, Studies in India and Abroad.

Loan Amount

  • Maximum up to Rs. 7 Lakhs for studies in India.
  • Maximum up to Rs. 15 Lakhs for studies Abroad.

 

Margin

  • No Margin for loans up to Rs. 4 Lakhs.
  • 5% Margin for loans above Rs. 4 Lakhs.

Security

No Security up to Rs. 4 Lakhs

 

Repayment Period
 Repayment Period 7 years.

Processing charges.

No processing charges.

 

Interest Rate
Interest rate as per PLR for loan up to Rs. 4 Lakhs and PLR +1% for loans     above Rs. 4 Lakhs.