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 6^th 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.