 |
 |
 |
 |
 Allahabad Bank - India (for Education Loan) |
|
|
|
Bank Name: |
Allahabad Bank |
|
|
Study In: |
India |
|
|
Type of Courses Eligible: |
CA,Commercial Pilot,Diploma/ Degree courses,Graduation courses,LLB,MBA,Others,Post Graduation courses,MBBS |
|
|
Cost Covered: |
Fee payable to College/ School/ Hostel, Examination/ Library/ Laboratory Fee, Purchase of Books/ Equipments/ Instruments/ Uniforms, Caution Deposit/ Building Fund/ Refundable Deposit supported by Bills/ Receipts of the Institution, Travel Expenses, Purchase of Computers, Insurance premium for student borrower, Study Tours, Project Work, and Thesis |
|
|
Moratorium Period: |
1 year after course completion/ 6 months after obtaining employment (whichever is earlier) |
|
|
Interest Rate Type: |
Floating |
|
|
Interest Rate: |
11.0 |
|
|
Processing Fee: |
Nil |
|
|
Prepayment Charges: |
NA |
|
|
Collateral Description: |
For loans upto Rs 4 lakh- Co-obligation of parents/ guardian, above Rs 4 lakh upto Rs 7.5 lakh- satisfactory third party guarantee, above Rs 7.5 lakh- tangible collateral security |
|
|
Guarantor Description: |
|
|
|
Margin: |
5% |
|
 |
 |
 |
