Bank of Maharashtra presents Education Loan
Bank of Maharashtra proffers quite a few finance schemes and credit services to its customers. Students who desire to pursue higher studies in India and abroad, can benefit of the Education Loan Scheme of Bank of Maharashtra. Seeing that the history goes, this bank began its process in 1936 and was nationalize in 1969. You can cylinder through this page to gather in sequence on Bank of Maharashtra Education Loan.
Courses:
Different courses are considered entitled for Student Loan of Bank of Maharashtra.
- You be able to apply for this loan intended for your school education in India.
- Even for postgraduate, graduate and doctoral programs in India, you be able to get the loan.
- An applicant planning to study professional courses in streams such as Engineering, Medicine or Agriculture in India is able to apply for the loan.
- Certificate courses of familiar institutes or evening programs certified by government in India are entitled for the loan. particular programs like CA, ICWA or CFA, program of foreign universities or folks of IIM, IISc NIFT and others in India are also considered for loan.
- You motivation as well be considered eligible if you study diploma or degree program certified by UGC, AICTE, government or ICMR in India.
- For studying academic programs by CPA in the US or CIMA-London in abroad, your application can be considered.
- A candidate preparation to study employment-oriented specialized or technical course or still postgraduate program such as MS, MBA or MCA in abroad will be adequate for the education loan of Bank of Maharashtra.
Eligibility:
Student Loan of Bank of Maharashtra is sanctioned to those candidates, who are Indian Nationals. You can also apply if you get admission to a professional or technical program through selection procedure or entrance test. An applicant will also be considered eligible if he gets admission to a foreign institute.
Amount of Loan, Margin & Security:
The maximum amount of loan sanctioned through Bank of Maharashtra for studying in India and abroad is Rs 10 laces and 20 laces correspondingly. Convenient a margin of 5% and 15% on a loan amount above Rs 4 laces.
Security requests to be submitted all the way through a borrower applying for a loan amount above Rs 4 laces. The securities can be submitted in the form of one category or in combination.
Repayment:
The repayment holiday wrap 1 year after completing the course or 6 months after attainment a job. Once you start repaying the student loan, you can absolute repayment in 5 years.
Charge taken into Consideration:
Education Loan Scheme of Bank of Maharashtra wrap cost of books, instruments and other equipments, tuition fees travel expenses and other costs allied to implementation the course.
In order to learn more concerning interest rates look through on http://www.indiaedu.com/education-loans-india/
