Purpose |
It aims at providing financial support to poor and meritorious students for pursuing higher education in India and abroad. |
Eligibility |
Indian National who has secured admission to professional/technical courses in recognized institutions in India or Abroad through Entrance Test/Merit based Selection Process after completion of H.S.C. (10+2 or equivalent). |
Quantum of Loan |
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Margin |
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Application of Interest |
Servicing of interest during study period and the moratorium period till commencement of repayment is optional for students. A concession of 1% will be given if interest part is serviced during moratorium. Accrued interest will be added to the principal amount borrowed while fixing EMI for repayment. |
Interest Rate |
As per Bank's guidelines. |