Features and Benefits
- It is a term loan given for studies in India and abroad.
- Students who are Indian and have secured admission to professional / technical courses in India through a Common Entrance Test, or who have secured admission to a foreign University or Institution.
- The father or guardian of the student will be the guarantor in case of individual applicants.
Charges and Limits
|Quantum of Loan ( as per IBA Model)||i) For Studies in India : Maximum up to Rs. 10 Lakhs. |
ii) For studies abroad : Maximum up to Rs. 20 Lakhs.
|Repayment Tenor||In 5-7 years after repayment holiday (course period and 1 year or 6 months after getting job whichever is earlier)|
|Primary Security||DPN (In case of loan is used for the purchase of equipments / instruments, the same is to be hypothecated to us).|
|Collateral Security|| |
|Guarantee||Father / Guardian in case of Individual applicant|
|Vidyalakshmi Portal Handling Charges||Rs. 110/- + GST |
Check more at Vidyalakshmi Portal.