Education Loan in Vijaya Bank


Vijaya Bank
Education loan amount size:
Maximum amount of upto Rs.10,00,000 will be provided for the students studying in India and for the students studying in abroad , maximum amount of upto Rs.20,00,000 will be provided.
Advance amount to be paid:
Nothing till 4,00,000 Rs.
More than Rs.4,00,000 – Students studying in India should pay 5% of the amount and students studying in abroad should pay 15% of the amount.
Interest rate:
B.B.L.R – 1.25%(plotin)
For the girls 0.50% special previliage will be provided.
Way of repaying the loan:
One year after finishing the studies or right from 6th month after joining the job the repayment process is to be started.
Warranty:
No property guarantor is required till 4,00,000 Rs.
From 4,00,000 Rs till 7,50,000 Rs.: Third party’s guarantee is required.
More than 7,50,000 Rs. : Parents, student or the third party’s agreeing letter assuring the repayment of loan is required.


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