EDUCATION LOAN | |
Special Scheme Loans Applicability | For Education (For Reputed Tutions/ Classes/ School/ College fees) |
Maximum Amount of Loan |
Rs.5.00 Lakh ( Five Lakh ) (Secured Loan)
Minimum amount Rs.50,000/- (Fifty Thousand Only) |
Eligibility | Salaried persons with one year confirmed service / Other than salaried having regular source of income (previous 2 Years ITR filed regularly) |
CIBIL | 700+ Above |
Ownership of Residence | Owned by Borrower or spouse or Borrower's Father/ Mother/ Pagdi |
Maximum Repayment period | 12/24 Months PDC/ ECS Required |
Rate of Interest | ROI - 10% p.a. |
Processing | 0.50% |
Existing terms & conditions as per Bank Policy | All other terms and conditions will continue as per Bank policy in place - As Applicable |