Student

• The applicant should be an Indian National.
• He / She should have secured admission to professional / technical courses in India or abroad through Entrance Test / Merit based selection process.

Courses

a) For Studies in India

• Diploma/Graduation/Post-graduation courses in various disciplines.
• Computer certificate courses of reputed institutes accredited to The Department of Electronics.

b) Studies abroad:

• Job-oriented professional/technical courses offered by reputed universities.
• MCA, MBA, MS etc.
• Courses conducted by CIMA – London, CPA in USA etc.

Loan Details

Coverage of expenses 

• Fee payable to College / School / Hostel
• Exam fees
• Purchase of books / Equipment’s
• Travel expenses / Passage money for studies abroad
• Purchase of computers essential for completion of the course etc.

Quantum

• Studies in India - Upto Rs.10 lakhs
• Studies in Abroad - Upto- Rs. 20 lakhs

Higher quantum of loan also can be considered in deserving and meritorious cases.

Margin

• Upto Rs.4 lakhs - Nil
• Above Rs.4 lakhs
  - Studies in India 5%
  - Studies abroad 15%

Security

Documents should be executed both by the student and parent / guardian as joint borrower.

• Upto Rs. 4 lacs - No security
• Above Rs. 4 lacs & Upto Rs.7.50 lacs - Collateral in the form of satisfactory third party guarantee
• Above Rs.7.50 lacs - Collateral security of suitable value OR co-obligation of parents / guardians / third party along wtih the assignment of future income of the student for payment of instalments.

• Upto Rs.4.00 lakhs   -12.50 % p.a.
• Above Rs.4.00 lakhs -13.00 % p.a.

Holiday Period- The course period PLUS 1 year or 6 months after getting a job, whichever is earlier.

Repayable in 5– 7 years.