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 State Bank of Mysore - India (for Education Loan) |
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Bank Name: |
State Bank of Mysore |
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Study In: |
India |
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Type of Courses Eligible: |
CA,Diploma/ Degree courses,Graduation courses,MBA,MBBS,Others,Post Graduation courses |
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Cost Covered: |
Tuition and other fees / maintenance costs / books and equipment |
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Moratorium Period: |
one year after the completion of the course or 6 months after getting a job, whichever is earlier |
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Interest Rate Type: |
Floating |
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Interest Rate: |
13.25 |
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Processing Fee: |
NA |
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Prepayment Charges: |
Nil |
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Collateral Description: |
for loans above Rs 4 lakh & upto Rs 7.5 lakh- Collateral security in the form of suitable third party guarantee, above Rs 7.5 lakh & upto 10 lakh- Collateral security by way of immovable property or equal to the loan amount in the form of Government securities/ NSCs/ Units of UTI |
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Guarantor Description: |
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Margin: |
5% |
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