||Higher Education course approved by AICTE,and Govt.,approved university/college
||For Approved Graduation, Post graduation,P.hd. ,Research courses in Engineering ,Pharmacy,Medical ,Management ,Computer
||(i) For study in India - Maximumof Rs.10.00 lacs
(ii) For study in foreign –Maximum of Rs.50.00 lacs
(GOE committe is given powers to consider Foreign education loan to the extent of Rs. 50.00 lacs on case to case basis based on merits.)
||(i) For India -10% of fee, living exp., other eligible exp.or 60% of valuation of mortgaged property whichever lower
(ii) For Foreign –20% of fee, living exp., other eligible exp.or 60% of valuation of mortgaged property whichever lower
||Maximum 84 months (Including moratorium period up to course period)
|Rate of interest
9.10% for Female Student / Meritorious student securing admission in world TOP 50 Universities.
(refer www.timeshighereducation.com to know list of world top 50 universities)
9.25% - Others
In case of Foreign Education loan, where collateral security coverage is 125%, Margin on Education fees will be reduced from 20% to 10%.
||1.00% of the loan amount sanctioned (Maximum 25000/-)
||Two guarantor possessing property and also Income tax-payer
||(i) Up to Rs.50000/- Nil
(ii)Above Rs.50000/- Mortgage of Immovable property or lien/assignment of Govt. securities
|Conditions to avail
Benefits under PADHO PARDESH YOJNA
|(i) Only for Minority Cast.
(ii) Income eligibility up to Rs. 6.00 lacks.
(iii) Interest benefits up to 2 years.