Education Loan
| Particulars | Information |
|---|---|
| Who can Borrow | Loans to be given to Student / Candidate (if major) – along with parents / Guardian – the applicants. Schemes open to graduates & undergraduates to acquire skill in any educational discipline and/or vocation from any of the Govt. recognized College/Educational Institute of repute in India / abroad |
| Purpose | To acquire skills in any educational discipline |
| Max. Finance Available | Rs. 10 lakhs For Domestic course Rs.20.00 lakhs For International course |
| Margin | Depends upon the type of course (75% to 85% on fee receipt) |
| Repayment Period | Max 84 months (Moratorium Available) Up to 1 lakh (No moratorium available) |
| Processing Fees | 1% loan amount + GST |
| Legal & Documentation Charges | On Actual Basis |
| Prerequisites |
1. A letter from the Head of the Institute admitting the student for the course with schedule of fees. 2. Parents/Guardians having regular source of income to justify servicing monthly interest and installments. 3. Property security 4. Two Surety up to 1 lakh. |
| Required Document |
1) Upto Rs.1 Lakh two Government Security 2) Above Rs.1 Lakh Property security 3) Passport/visa copy 4) Fee Structure from college |
Sree Thyagaraja Co-operative Bank Limited, a leading Urban Co operative Bank in India.