Education Loans
| Limit per Borrower: | Maximum Limit Rs.20.00 Lacs |
|---|---|
| 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 | 9.50% |
| Rs.2.00 lacs to Rs.5.00 lacs | 10.50% |
| Above Rs.5.00 lacs | 11.50% |
| Foreign Country | 11.50% |
| 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 |