Education Loan in Indian Bank
Indian 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.
More than the maximum loan amount will be provided for the
efficient and capable students .
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:
Upto Rs.7.50 lakhs – 14.00% p.a.
Above Rs.7.50 lakhs – Rs.14.25% p.a.
0.50% special previliage will be provided for girls.
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 to 7 years.
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
agreeing letter assuring the loan repayment is required.
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THIS IS THE THE LOAN FORMATION
Your names ______________
Your country _______________
Your address _____________
Your occupation ____________
Your marital stat us ______
Current Status at place of work _
Home Phone number ________________
MobilePhone Number ______________
Monthly Income ___________________
Weekly Income ____________________
Loan Amount _____________________
Loan Duration __________________
CONTACT them >{grantloanfamuse@yahoo.com}
Regards,
DIRECTOR
GRANT.
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