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 Indian Bank - India (for Education Loan) |
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Bank Name: |
Indian 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 / hostel / exam, purchase of books / equipments, purchase of computer |
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Moratorium Period: |
Course period + 1 year or 6 months after getting job, whichever is earlier |
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Interest Rate Type: |
Floating |
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Interest Rate: |
12.0 |
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Processing Fee: |
NA |
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Prepayment Charges: |
2% of outstanding balance |
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Collateral Description: |
for loans above Rs 4 lakh & upto Rs 7.5 lakh- Collateral in the form of satisfactory third party guarantee, above Rs 7.5 lakh- Co-obligation of parents/ guardians together with tangible collateral security of suitable value along with assignment of future income of the student |
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Guarantor Description: |
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Margin: |
5% |
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