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NRI- Educational loans
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SALIENT FEATURES: 1. Purpose: to meet tuition, admission and other fees, maintenance cost, cost of books and equipment for higher studies. Caution deposits and other refundable deposits can also be financed under the scheme. 2. Amount of Loan:
For studies in India : Rs.10 lakhs 3. Persons Eligible: a) Indian National 3. Eligible Courses : a) All technical /professional courses including certificate courses, diplomas; graduate/ Post graduate and/ or doctorate degree studies in recognised schools / colleges / Institutions. (Courses in Medicine, Surgery, Dental Science, Architecture, Veterinary Science, Agri Sciences and in various branches of Engineering , Technology, Computer Science, Industrial Management, Business Administration and other Management Sciences) b) Computer Courses which
are conducted by institutes given due accreditation by c) Any other specialised course in Computer Science. 4. Borrower :
Student and Parent or Guardian jointly. This means if an NRI wishes to educate
his/her nephew /niece any other such relative the student and the supporting NRI
as guardian 5. Margin : Upto
Rs.4 lakhs : Nil 6. Interest 7. Repayment : a)
12 months after completion of course or 6 months after getting job whichever is
earlier. 9. Processing Fee: Nil 10. Application : Application is available at all our branches and should be submitted to one of them. 11. Documents to be
submitted: Where Mortgage of Property is to be made the following documents will need to be submitted: a) Original and prior
title deeds FOR APPLICATION FORMS AND MORE DETAILS CONTACT ANY BRANCHES WHERE YOU HAVE NRE ACCOUNT |
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