| Condition
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Indian Bank
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Education in India
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Education Abroad
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| Courses Eligible
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B.A., B.Com., B.Sc., Masters & Ph.D.
Professional courses like Engineering, Medical, Agriculture, Veterinary,
Law, Dental, Management, Computer certificate courses of reputed institutes
accredited to Dept., of Electronics
ICWA, CA, CFA etc. Courses conducted by IIM, IIT, IISc, XLRI, NIFT etc
Courses conducted by colleges/universities approved by UGC/Government
of India/AICTE/AIBMS/ICMR etc.
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MCA, MBA,
MS, Courses conducted by CIMA-London, CPA in USA,etc
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| Student Eligibility
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Should
be an Indian National
Secured admission through Entrance Test/ Selection process.Should have
secured admission to Foreign University / Institutions. No minimum qualifying
marks be insisted upon.
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| Expenses Considered
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Fee
payable to college/ school/ hostel.
Examination/ Library/ Laboratory fee.
Purchase of books/ equipment’s/ instruments/ uniforms.
Caution deposit/ building fund/ refundable deposit supported by Institution
bills/ receipt.
Travel expenses/ passage money for studies abroad.
Purchase of computers-essential for completion of the course.
Any other expenses required to complete the course- like study tours,
project work, thesis etc.
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| Quantum of Finance
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Need
based finance subject to repaying capacity of the parents/students with
following margin and ceilings.
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For Computer Courses - Maximum : Rs.1.00 lakh
For other professional courses - Maximum : Rs.3.50 lakhs
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Maximum - Rs.10.00 lakhs
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| Margin
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Upto Rs.2.00 lakhs - 10%
Upto Rs.3.50 lakhs - 15%
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Upto Rs.5.00 lakhs - 15%
Above Rs.5.00 lakhs - 25%
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| Security
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No collateral security for loans upto Rs.4.00 lakhs.
For loans exceeding Rs.4.00 lacs, collateral security of suitable value
atleast equivalent to 100% of the loan amount.
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| Repayment
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For
limits upto Rs.1.00 lakh : 42 months
For limits upto Rs.3.50 lakhs : 60 months
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Interest to be serviced every quarter. Repayment of principal
to commence 6 months after the completion of the course or immediately on
getting a job whichever is earlier For limits upto Rs.10.00 lakhs - Maximum
96 months
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| Holiday
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Initial holiday period of 6 months after the completion of
the course or immediately on getting a job whichever is earlier.
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| Maximum Period
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5 years
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| Max Extension
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| Interest Rate
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PLR + 1.5% (i.e. 14%)
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Q3 Results 
