Educational Loan

Purpose To meet the expenses on tuition fees, examination fees, hostel fees, including mess bill, cost of books and instruments / equipments, which are absolutely necessary for the course and any other expenditure incurred in connection with the studies of the student through the respective Institution / College / University.
Eligible courses MBBS / BDS / B.V.Sc., BPT / B.Pharm / BOT, B.Sc., (Agri.) / B.E. (Agri. Engg.), M.Sc., (Agri.) / B.Coop. / M.Coop., B.E., B.Tech., B.Arch., M.E., M.Tech., MCA / B.Sc., (Computer Science), BBA / MBA / BBM / MBM. etc.,
Eligible persons Any individual in employment with Government / Quasi Government Organizations, Banks and other establishments of repute / private / public sector undertakings with adequate means to repay the principal and interest of the loan shall be eligible to apply for the loan, towards his sons / daughters / wards to pursue the professional courses mentioned above.
Quantum Rs.2,00,000 for study in India and Rs.3,00,000 for study in abroad or 95% of the expenditure towards the entire course of study, whichever is less.
Rate of Interest 14% p.a. (subject to change from time to time).
Repayment period 3 to 5 years.