Education loan in Bank of Maharashtra
Bank of Maharashtra
Education loan amount size
For the students studying in India , maximum amount of upto
Rs.10 lakhs will be provided and for the students studying in abroad , the
maximum amount of upto Rs.20 lakhs will be provided.
Advance amount to be paid:
Nothing till 4 lakhs Rs.
More than 4,00,000 Rs: Students studying in India should pay
5% and students studying in abroad should pay 15% of the amount.
Interest rate:
Till 4,00,000 Rs: 2.00%
More than 4,00,000 Rs:2.75%
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. The loan
amount is to be closed within 5 years.
Warranty:
Till 4,00,000 Rs. no property guarantor is required..
Guarantee is required for more than 4,00,000 Rs.
.
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