EDUCATION LOANS ARE NOW VERY EASY! YOU CAN ALSO AVAIL IT.
Planning to study abroad? Apex Consultants in Association with some nationalized banks has lined up an entire basket of tailor-made services. We'll show you the best way to fund your overseas education, the convenient way to carry foreign exchange and the easiest way to travel abroad.
Eligible courses
All Graduation / Post graduation / Professional courses having employment prospects are eligible for loan.
Expenses considered for loan
Fees payable to college/School/Hostel.
Examination / Library / Laboratory fees.
Purchase of Books / Equipment / Instruments.
Caution Deposit / Building Fund / Refundable Deposit.
Travel Expenses / Passage money for studies abroad.
Purchase of computers considered necessary for completion of course.
Any other expenses required to complete the course like study tours, project work etc. are also eligible.
Amount of loan & Interest rate*
AMOUNT
INTEREST
MARGIN MONEY
Upto Rs. 4 Lakh
10.50% p.a.
No Margin
Rs. 4 lakh -Rs.20 Lakh
11.50% p.a.
15%
Upto 1% better rates on payment of interest during moratorium period.
Repayment Tenure
Repayment will commence one year after completion of course or 6 months after securing a job, which ever is earlier.
No penalty for per-payment.
AMOUNT
REPAMENT
SECURITY
Upto Rs.4 Lakhs
5 -7Years
No Security
Rs.4 Lakhs -Rs. 7.5 Lakh
5-7 Years
Third party Guarantee
Rs.7.5 Lakh - Rs.15 lakh
5-7 years
Tangible collateral, security of suitable value of loan or third party guarantee
Rs. 15 Lakh -Rs. 20 Lakh
5-10 Years
Tangible Collateral, security of full Value of loan
Processing Fees
No processing fee or upfront charges, But it may vary from Bank to Bank.
A deposit of Rs. 2500 - 5000/- for education loan for studies abroad which will be adjusted in the margin money.
Processing Time
A minimum of 4 working days to a maximum of 28 working days
Documentation Required
For Student
Completed Education Loan Application Form.
Mark Sheets of your last qualifying examination.
Proof of admission, Scholarship, studentship etc.
Schedule of expenses for the specified course.
2 Passport size Photographs.
For Co borrower
Borrower's Bank account statement for the last 6 months.
Income tax returns of last 2 years.
A brief statement of assets and liabilities and proof of income (i.e. salary slip / forms 16 etc)
FOLLWONG SOME OF THE BANKS PROVIDE EDUCATION LOANS
