To provide eligible students finance for tuition fee, & other fees for acquiring higher education in reputed engineering/ Medical/Dental/Management/Law/Bio-technology/ colleges /institutions.
Who are eligible :
Students who are residing in the area of the operation of the Bank and have secured admission in any reputed professional/technical education institution/college, through competitive examination or on merit.
Maximum 80% of total expenditure, to be incurred on tuition fee & other fees, to complete the proposed course (subject to maximum Rs. 10.00 lacs for studies in India and Rs. 20.00 Lacs for abroad) will be sanctioned. Student’s father/guardian will be made co-borrower.
Mortgage of immovable property
In 60 EMIs, which will start after 6 months from the date of completion of the course. Prior to that, monthly interest debited will have to be paid before 10th of a month by the father/guardian.