Education Loans
Limit per Borrower: | Maximum Limit Rs.20.00 Lacs |
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Margin Money: | 15% of Quotation Amount. Overseas: |
CLICK Here For Interest Rates(Link) | |
No. of EMIs: | 60 (commences after completion of course) |
(B.O.D. reserves right to change according to repayment capacity of applicant). Rate of Interest: | |
Rate of Interest: | |
Upto Rs.2.00 lacs | rate of
interest is as per R.O.I chart |
Rs.2.00 lacs to Rs.5.00 lacs |
rate of interest is as per R.O.I chart |
Above Rs.5.00 lacs | rate of
interest is as per R.O.I chart |
Foreign Country | rate of
interest is as per R.O.I chart |
Click Here For Interest Rates | |
Guarantors: | One guarantor (who holds property) |
Collateral Security: | Upto Rs.3.00 Lacs Loan, 50% FD/NSC/KVP/Insurance Policy.Above Rs.3.00 Lacs Loan, Immovable Property with 100% valuation or FD/NSC/KVP/Life Insurance Policy. |
Note : | 0.50% Concession in Interest Rate for Girl Students |