 |
 |
 |
 |
 Credila Education Loan Service (for Education Loan) |
|
|
|
Bank Name: |
Credila |
|
|
Study In: |
India |
|
|
Type of Courses Eligible: |
MBA |
|
|
Cost Covered: |
Fee payable to college/ school/ hostel; examination/ library/ laboratory fees; purchase of books/ equipments/ instruments/ uniforms; Caution deposit/ building fund/ refundable deposit supported by institution bills/ receipts; purchase of computers, any other expense required to complete the course- like study tours , project work, thesis; travelling expenses/ passage money and living expenses |
|
|
Moratorium Period: |
study period + 6 months |
|
|
Interest Rate Type: |
Floating |
|
|
Interest Rate: |
10.5 |
|
|
Processing Fee: |
2%- 4% of loan amount |
|
|
Prepayment Charges: |
2%- 4% of the principal amount outstanding |
|
|
Collateral Description: |
Any registered and unencumbered immoveable property such as plot of non-agricultural land, self constructed house, flat, row house, commercial shop/ premises or any moveable property such as Life Insurance policies issued by LIC India, Fixed Deposits. |
|
|
Guarantor Description: |
NA |
|
|
Margin: |
Nil |
|
 |
 |
 |
