Follow us on

Portfolio Login

SENSEX

STOCKS LAST SEARCHED

IMAGEGALLERY
New Mahindra Xylo launches

GOLD RATE
Rs. 28175.00 (10 gm) Glitter Estimator

Get Company Quotes

Hot search: SBI, RIL, L&T, Infosys, ICICI Bank

Quote in alphabetical order:
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Sify Home >> Finance >> Calculators >> College Funding Planner >> Banks >> Indian Overseas Bank

Condition	Indian Overseas Bank ( Vidya Jothi Scheme ) Click to visit homepage
	Education in India	Education Abroad
Courses Eligible	Plus 2 stage/Graduation/Post graduation/Diploma/Computer education in any recognised State/Central Government/University. Professional courses including Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, courses like ICWA, CA, CFA, etc., courses conducted by IIM, IISC, XLRI, NIFT etc. Courses offered in India by reputed foreign universities/Evening courses of approved institutes.
Student Eligibility	You should be an Indian National
	You should have secured admission to professional /technical courses or other academic courses	You should have secured admission to foreign University/Institution
Expenses Considered
Quantum of Finance	Need based finance subject to repaying capacity of the parents/students with following margin and ceilings.
	Maximum Rs.7.50 lacs	Maximum Rs.15.00 lacs
Margin	Upto Rs.4.00 lacs NIL. Above 4.00 Lacs, the following slabs apply.
	5%	15%
Security	For loans upto Rs. 4.00 lakh Nil For loans above Rs. 4.00 lakh Personal guarantee of your parent(s) Collateral security in the form of NSC/KVIP, LIC Policy, Gold, Shares/Debentures or immovable properties Bank Deposits in the name of student/Parent/Guardian or any other third party with suitable margin.
Repayment	To be repaid in 5 to 7 years.
Holiday	6 - 12 months after completion of the course.
Interest Rate	Up to Rs. 4.00 lakh PLR (at the time of availing of loan). Presently 12% (Flat). - Above Rs. 4.00 lakh PLR+1% (at the time of availing of loan). Presently 13% (Flat). - The rate of Interest prevailing at the time of first availment shall prevail throughout the repayment period. - Interest to be debited quarterly/half yearly on simple basis during the repayment holiday/moratorium period.