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 Corporation Bank - India (for Education Loan) |
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Bank Name: |
Corporation Bank |
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Study In: |
India |
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Type of Courses Eligible: |
CA,Commercial Pilot,Diploma/ Degree courses,Graduation courses,LLB,MBA,MBBS,Others,Post Graduation courses |
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Cost Covered: |
Fee payable to college/ school/ hostel, examination/ library/ laboratory fee, purchase of books/ equipments/ instruments/ uniforms, caution deposit, purchase of computers, insurance premium for student borrower, any other expense like study tours, project work, thesis |
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Moratorium Period: |
Course period + 1 year, or 6 months after getting the job, whichever is earlier |
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Interest Rate Type: |
Fixed |
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Interest Rate: |
12.0 |
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Processing Fee: |
Nil |
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Prepayment Charges: |
NA |
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Collateral Description: |
upto Rs 4 lakh- Only co-obligation of parent/s,
above Rs 4 lakh to Rs 7.50 lakh- Co-obligation of parents together with collateral security in the form of suitable third party guarantee, above Rs 7.50 lakh- Co-obligation of parents together with tangible collateral security |
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Guarantor Description: |
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Margin: |
5% |
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