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 Oriental Bank of Commerce - India (for Education Loan) |
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Bank Name: |
Oriental Bank of Commerce |
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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: |
Admission fee / Monthly fee / Examination fee, Books, equipments, expenses of hostel / expenses for study tours, project work, thesis |
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Moratorium Period: |
1 year after course or 6 months after getting the job, whichever is earlier |
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Interest Rate Type: |
Floating |
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Interest Rate: |
11.5 |
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Processing Fee: |
upto Rs 4 lakh- Rs 100,
above Rs 4 lakh- Rs 500 |
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Prepayment Charges: |
NA |
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Collateral Description: |
For loans above Rs 4 lakh & upto Rs 7.5- Co-obligation of parents/ guardian along with satisfactory third party guarantee, above Rs 7.5 lakh- Mortgage of immovable property or any other tangible security |
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Guarantor Description: |
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Margin: |
5% |
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