| Educational
Fianace |
Education
Loan Scheme |
| Term
Loan For B.Ed/ M.Ed. Courses |
| Budshah Primary Education Finance |
| |
|
|
|
| Education
Loan Scheme |
| |
| |
Scale of Finance |
|
- Rs.7.50 Lacs for studies in India .
- Rs.15.00 Lacs for studies abroad .
|
|
| |
Courses Financed |
|
- Graduate / P.G Courses in : Medicine, Surgery,
Engineering, Hotel Management, Design, Architecture, Bio-chemistry,
Agriculture, Veterinary etc.
- P.G Courses in : Business Management, Chartered
or Cost Accounting , Company Secretaryship.
|
|
| |
Eligibility |
|
- Should be an Indian National
- Should have secured admission to professional/technical
courses through entrance test/selection process.
- Should have secured admission to foreign
universities/institutions
- Should have passed the qualifying examination
for admission to the courses.
- Employed person intending to improve their
educational qualification and/or receive training in modern technology
in India or abroad can also be assisted under this scheme provided
training offers prospects of better placement.
|
|
| |
Security |
|
- Personal guarantee of borrower/ 's
- Collateral security equal to amount of loan.
|
|
| |
Margin |
|
- For loans upto Rs. 4 lacs - nil
- For loans above Rs. 4 lacs Studies in India
- 5% Studies abroad - 15%
|
|
| |
Rate of Interest (subject
to change) |
|
| Loan Amount |
Interest Rate |
| a) Upto Rs
25000/= |
11% |
| b) Above Rs.0.25
lacs & upto Rs.5.00 lacs |
12% |
| c) Above Rs.5.00
lacs |
xxx |
| d) Above Rs.5.00
lacs & upto Rs10.00lacs |
13% |
| e)Above
Rs.10.00lacs& upto Rs.20.00lacs |
15% |
|
|
| |
Repayment |
|
- Repayment Holiday/ Moratorium: Course period
+ 1 year or 6 months after getting job, whichever is earlier.
- The loan to be repaid in 5 to 7 years after
commencement of repayment. If the student is not able to complete
the course within the scheduled time, extension of time for completion
of course may be permitted for a maximum of two years
|
|
| Top |
|
|
(Conditions Apply) |
| |
|
|
|
| Term
Loan For B.Ed/ M.Ed. Courses |
| |
| |
Purpose |
|
- To provide loan to students. Employed persons
who want to pursue B.Ed/M.Ed courses.
- For meeting admission / tuition/ examination/
library/ lab Fee.
|
|
| |
Nature of Facility |
|
|
|
| |
Eligibility |
|
- Student should be an Indian National.
- Should be a graduate in any discipline from
any recognized university.
- Should have secured admission to the recognized
Institution/College imparting the B.Ed/M.Ed Course.
- Loan application should be forwarded by the
Principal of the college.
|
|
| |
Quantum of finance |
|
|
|
| |
Margin |
|
|
|
| |
Security |
|
- Third party guarantee of one person
|
|
| |
Processing charges |
|
|
|
| |
Rate of Interest |
|
- PLR with quarterly rests.
|
|
| |
Repayment |
|
- 12 equal monthly installments.
|
|
| Top |
(Conditions Apply) |
| |
|
|
|
| Budshah Primary Education Finance |
| |
| |
Nature of Facility |
|
|
|
| |
Objective |
|
- To provide opportunity to children to have good quality primary education.
|
|
| |
Purpose |
|
- To finance the entire cost of education of a child including school fee, uniform, books, etc.
|
|
| |
Eligibility |
|
- All Children above the age of 3 years. Finance granted in the name of Guardian.
|
|
| |
Quantum of Finance |
|
| Class |
School |
Maximum Amount (Rs) |
Pry.Edu. |
Private |
30,000. |
Pry.Edu |
Govt. |
2,000. |
Sec.Edu |
Private |
25,000. |
Sec.Edu. |
Govt. |
5,000. |
|
| |
Margin |
|
|
|
| |
Security |
|
- Personal guarantee of the parent/guardian.
Third Party guarantee of one person*.
*(Third party guarantee shall not apply in case of Government employees drawing salary through our branches.) |
|
| |
Criteria for Selection |
|
- Child should be 3+ years of age.
- The applicant should produce a Certificate from the concerned school that the child has been granted Admission.
- The loan application should be forwarded by the Principal of the School.
- The parent/guardian should have an independent regular source of income.
- The school should be recognized/ registered.
|
|
| |
Processing Charges |
|
- 0.05% of the amount sanctioned with a minimum cap of Rs 25/- to be paid upfront
|
|
| |
Rate of Interest (subject
to change) |
|
|
|
| |
Repayment |
|
- 12 equal monthly installments. There shall be no moratorium period
|
|
| Top |
(Conditions Apply) |
