Indian National : Minimum qualification as required by the Institution.
Eligible Courses :
Courses of duration up to 9 months, leading to certificate/diploma programs.
Finance for :
Loan will cover Tuition / course fee, Examination / Library / Laboratory fee. We also cover Life Insurance premium of the student, if insurance provided by Lender.
Loan Amount :
Rs.20,000 to Rs.3,00,000
Parents/Guardian/Spouse to be joint borrower
Assignment of Life Insurance Policy of the Borrower in favor of the Lender for duration of the loan
Property or Other Financial Asset to be taken as security or exempted depending on merit
Moratorium Period :
Principal Repayment Moratorium upto 3 months, depending on the course structure 'Principal Repayment Moratorium' means that the borrower or coborrower will not be required to pay the loan principal instalments during that period, only interest will be chargeable for such period
Repayment Period :
In equated monthly instalments (EMIs) for maximum duration upto 18 months
You can now apply for the loan completely online. Click here.