Educational Loans for study in India and abroad
Loan available for
India – tuition fee, hostel fee, examination fee, books & Abroad – tuition fee, air passage, maintenance.
Up to Rs.25,000 /- nil
Above Rs.25,000/- minimum of 25%
Security: Above Rs. 50,000/- Immovable properties/pledge of NSC equal to the loan amount. Two co-obligates, one being parent/guardian.
B-CALS (AB-Career Advancement Loans scheme)
Purpose: Educational Loans to employees for higher studies. Maximum loans amount Rs.4.25 lacs
Applicant should be a permanent employee of Government/Public Sector/ reputed Private sectors companies with a minimum 10 years balance service
Salary undertaking from the employer, No objection letter from the employer Letter of undertaking from the employer to recover dues from terminal benefits.
LIC policy for an amount equivalent to the loan amount assigned to the bank. Immovable urban properties. Pledge of NSCs or any other approved securities equivalent to the loan amount. Two co-obligates. of an individual with equal to the loan amount. The maximum loan amount is Rs.1,00,000/- to meet Air passage and initial expenses as per Foreign Exchange rules. The applicant should be an Indian National.