| Educational
Fianace |
Education
Loan Scheme |
| Term
Loan For B.Ed/ M.Ed. Courses |
| Budshah Primary Education Finance |
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| Education
Loan Scheme |
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Scale of Finance |
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 10.00 Lacs for studies in India .- 20.00 Lacs for studies abroad .
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Courses Financed
(India) |
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- Graduate / Courses in :BA,
B.Com., B.Sc., etc. Medicine, Surgery,
Engineering, Hotel Management, Design, Architecture, Bio-chemistry,
Agriculture, Veterinary etc.
- P.G Courses in : Business Management, Chartered
or Cost Accounting , Company Secretaryship,
Masters & PhD.
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Professional Courses: Engineering, Medical,
Agriculture, Veterinary, Law, Dental,
Management, Computer etc.
- Computer
Certificate Courses: of reputed institutes
accredited to Dept. of Electronics or institutes
affiliated to university.
- Courses
like ICWA, CA, CFA etc.
- Courses
Conducted by IIM, IIT, IISc, XLRI. NIFT etc.
- Regular
Degree/Diploma courses like Aeronautical, pilot
training, shipping etc., approved by Director
General of Civil Aviation/Shipping, if the
course is pursued in India. In case the course
is pursued abroad, the Institute should be
recognized by the competent local
aviation/shipping authority.
- Courses
offered in India by reputed foreign
universities.
- Evening
courses of approved institutes.
- Other
courses leading to diploma/ degree etc.
conducted by colleges/ universities approved by
UGC/ Govt./ AICTE/ AIBMS/ ICMR etc.
- Courses
offered by National Institutes and other reputed
private institutions..
- Courses
under Distance Education/ learning leading to
professional/ technical certificates/ degree/
diploma courses etc offered/ conducted by
reputed colleges/ universities/ institutions
recognized/ approved by UGC/ Govt./ AICTE/ AIBMS/
ICMR etc.
- Teacher
Training Courses/ Nursing Courses/ B.Ed.
conducted by institutions that are approved by
Central Government/ State Government provided
the said courses lead to degree or diploma and
not to certification course.
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Courses Financed
(Abroad) |
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Graduation: For job
oriented professional/ technical courses offered
by reputed universities.
- P.G
Courses: MCA, MBA, MS, etc.
- Courses
conducted by CIMA- London, CPA in USA etc.
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Eligibility |
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- 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.
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Security |
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- Personal guarantee of borrower/ 's
- Collateral security equal to amount of loan.
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Margin |
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- For loans upto 4 lacs - nil
- For loans above 4 lacs Studies in India
- 5% Studies abroad - 15%
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Rate of Interest (subject
to change) |
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Payment of interest during the moratorium period |
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- Optional : Customers have the liberty to decide whether they want to pay interest during the repayment holiday or want to capitalize the same. However, an incentive in the form of 1% concession in rate of interest shall be provided to the loanees if the interest is serviced during the study period.
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Incentives |
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- To provide students an opportunity to pursue higher education from reputed institutes like IITs, IIMs and ISB, the requirement of collateral security has been waived off for loans upto 10.00 Lacs and a concession of 0.50% in the rate of interest shall be allowed for students pursuing their degrees from these institutes.
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Repayment |
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- 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
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(Conditions Apply) |
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| Term
Loan For B.Ed/ M.Ed. Courses |
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Purpose |
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- To provide loan to students. Employed persons
who want to pursue B.Ed/M.Ed courses.
- For meeting admission / tuition/ examination/
library/ lab Fee.
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Nature of Facility |
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Eligibility |
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- 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.
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Quantum of finance |
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- Maximum: 25,000.
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Margin |
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Security |
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- Third party guarantee of one person
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Processing charges |
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- 0.05% (Minimum: 25/-)
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Rate of Interest |
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Repayment |
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- 12 equal monthly installments.
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(Conditions Apply) |
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| Budshah Primary Education Finance |
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Nature of Facility |
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Objective |
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- To provide opportunity to children to have good quality primary education.
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Purpose |
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- To finance the entire cost of education of a child including school fee, uniform, books, etc.
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Eligibility |
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- All Children above the age of 3 years. Finance granted in the name of Guardian.
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Quantum of Finance |
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| Class |
School |
Maximum Amount () |
Pry.Edu. |
Private |
30,000. |
Pry.Edu |
Govt. |
2,000. |
Sec.Edu |
Private |
25,000. |
Sec.Edu. |
Govt. |
5,000. |
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Margin |
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Security |
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- 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.) |
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Criteria for Selection |
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- 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.
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Processing Charges |
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- 0.05% of the amount sanctioned with a minimum cap of 25/- to be paid upfront
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Rate of Interest |
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Repayment |
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- 12 equal monthly installments. There shall be no moratorium period
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(Conditions Apply) |
