.:: Catholic Syrian Bank Educational Loan ::.

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

Eligibility

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

Studies in India - Rs. 7.50 lakhs

Rate of Interest 

Upto Rs.4 lakhs : 12.00% p.a.
Above Rs.4 lakhs : 12.50% p.a.

Security

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

Margin

Upto Rs. 4 lakhs - Nil
Above Rs. 4 lakhs - Study in India-5%.

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.
Rate of interest - Upto Rs.4.00 lakhs - 12.50% p.a
Above Rs.4.00 lakhs-13.00% p.a

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