Catholic Syrian Bank -Educational Loan

Provides financial assistance to deserving students to pursue higher/professional/technical education in India and abroad.

Eligibility

v For School Education including Plus Two, Graduation Courses, Post -Graduation Courses etc

v For Courses of study abroad, the student should be an Indian National who has secured admission to professional courses through Test/selection process , to foreign University institutions.

Purpose

To meet the tuition and other fees, cost of Books, Computers, refundable deposits supported by Bills/Receipts, travel expenses for studies abroad etc.

Quantum of Finance

v Studies in India - Rs. 7.50 lakhs
v Studies Abroad - Rs. 15 lakhs

Rate of Interest

Upto Rs.4 lakhs 11.50% p.a.
Above Rs.4 lakhs 12% p.a.

Security

v Upto Rs. 4 lakhs -Nil
v Above Rs. 4 lakhs -Collateral security of value twice the loan amount.

Margin

v Upto Rs. 4 lakhs - Nil
v Above Rs. 4 lakhs - Study in India-5%, Study abroad-15%

Repayment

To commence after one year of completion of the course or 6months after getting the job, whichever is earlier. Repayment in 5 to 7 years.

Guarantee
Personal Guarantee of parents.

Attractive features
No Processing Fee. 1% rebate on interest during holiday period, if interest is remitted promptly during the period.

For more details, Please visit Catholic Syrian Bank website

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