Eligibility :
	Student Individuals of Indian Nationality who have secured admission to recognized courses/universities in India or Abroad through entrance test/selection process Courses a) Studies in India Post graduation courses from recognised universities Professional courses from reputed institutes:. Courses conducted by IIM, IIT, IISc, XLRI, NIFT, etc. b) Studies abroad: Courses conducted by CIMA – London, CPA – USA, etc., Courses in Universities which take admissions through TOEFL,GMAT,GRE,SAT exams Only one course at a time will be financed
Loan Details
	Coverage of expenses  Tuition and other fees Maintenance costs, books & equipments, uniform, etc. Caution fund/ building fund/ refundable deposit Travel expenses/passage money for studies abroad for the first time only Any other expense required to complete the course – like study tours, project work, thesis, etc. All the above expense should be supported by institution bills/receipts Quantum  a) Studies in India Minimum - Rs. 25,000 Maximum - Rs. 7,50,000 b) Studies abroad Minimum - Rs. 1,00,000 Maximum - Rs. 15,00,000 Margin : Upto Rs.4 lakh : Nil Above Rs.4 lakh - Studies in India : 5% Studies Abroad : 15% Scholarship/assistantship to be included in margin Security : Upto Rs. 4 lakh : no security/collateral required Above Rs.4 lakh & upto Rs.7.5 lakh : Collateral in the form of a satisfactory third party guarantee. Above Rs.7.5 lakh :Collateral security upto 100% of the loan amount and guarantee of an earning acquaintance of the student for 100% of the loan amount. Collateral can be in the form of: Land/ building/,govt. securities/Public Sector Bonds/ Units of NSC, KVP, LIC policy, shares/ debentures, bank deposit in the name of student/ parent/ guardian or any other third party for 100% of the loan. In case the loan is given for purchase of computer the same to be hypothecated to the Bank
Rate of Interest
	As per bank rules
Repayment
	Period : Maximum 5 years after commencement of repayment for studies in India and 3 years for studies abroad The holiday period enjoyed by the borrower towards repayment of the loan. Moratorium period shall not exceed course duration + 6 months. The borrower has to repay the interest accrued during the moratorium period on a monthly basis.