Purpose
You can take a loan for pursuing studies in recognised schools/colleges/ institutions to meet:
• Tuition and other fees
• Maintenance costs, books & equipments,etc.
• Cost of passage (for studies abroad)
• Caution fund/building fund/refundable deposit
Eligibility
* Should be an India National
* Secured admission to professional/ technical courses through Entrance Test/ Selection process
* Secured admission to foreign university/ Institution
Loan Amount
Need based finance subject to the repaying capacity of the parents/ students with margin and the following ceilings.
* studies in India – Maximum Rs.7.50 lacs
* studies Abroad – Maximum Rs.15 lacs
Margin
Upto Rs.4 lacs: No margin
Above Rs.4 lacs
* Studies in India: 5%
* Studies Abroad: 15%
Sunday, August 22, 2010
Shirdish
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