Eligibility for Loan

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

Security :

• 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