Friday, January 30, 2009

EDUCATIONAL LOANS 4 GRADUATES

Purpose:Pursuit of studies In India and abroad
Approved Courses:Graduate and post-graduate courses in engineering, computertechnology, medicine etc.All vocational courses/job oriented diploma courses, recognised by govt and universities.Similar courses pursued in universities abroad. Full time post graduate research in any of the aforesaid subjects.
Eligibility:Should be a citzen of India. For vocational training courses and job oriented course age of the individual should be between 15-28 years,and 18-30 in case of post graduate courses and/or studies abroad.The applicant should have a good academic record. For studies abroad, the candidate should have secured admission in a particular university after having appeared in the specific entrance examinations. The applicant should have secured a minimum of 50% marks in the major subject.In case of SC/STcandidates eligibility norms may be relaxed.
Amount of loan: The loan could vary depending on the specific subject requirement.For studies abroad Rs15 lakhs.For studies in India Rs 7.5lakhs
MarginUpto Rs 4lakhs -nilFor Studies in India- 5%For studies abroad-15%
Repayment Within 15 years from the first dateof disbursement, including moratorium period