CATHOLIC SYRIAN BANK EDUCATION LOAN INTEREST RATE

CATHOLIC SYRIAN BANK EDUCATION LOAN INTEREST RATE

Our long experience in banking has given us the valuable insight that financial strength is best achieved through customer trust. Our mission is to keep thriving on this philosophy while infusing sustainable practices for the future. Our goal is to produce predictable earnings for our shareholders by rallying our employees through a dynamic and challenging environment. With such ideals in place, we trust that we can outgrow the industry average growth level and climb to a business volume of Rs 34,000 crore, and also reach a net worth level of above Rs 700 crore by 2015. Besides, we are geared to increase our branch presence to 500 centers, covering all prominent locations in India by 2015.
Educational Loan

Provides financial assistance to deserving students to pursue higher/professional/technical education in India and abroad.

 Eligibility 

For School Education including Plus Two, Graduation Courses, Post -Graduation Courses etc

For Courses of study abroad, the student should be an Indian National who has secured admission to professional courses through Test/selection process , to foreign University institutions.

Purpose 

To meet the tuition and other fees, cost of Books, Computers, refundable deposits supported by Bills/Receipts, travel expenses for studies abroad etc.

Quantum of Finance

 Studies in India – Rs. 7.50 lakhs

Studies Abroad – Rs. 15 lakhs

Rate of Interest 

Upto Rs.4 lakhs12.00% p.a.
Above Rs.4 lakhs12.50% p.a.

Security 

Upto Rs. 4 lakhs -Nil

 

Above Rs. 4 lakhs -Collateral security of value twice the loan amount.

Margin 

Upto Rs. 4 lakhs – Nil

 

Above Rs. 4 lakhs – Study in India-5%, Study abroad-15%

Repayment 
To commence after one year of completion of the course or 6months after getting the job, whichever is earlier. Repayment in 5 to 7 years.

Guarantee 
Personal Guarantee of parents.

Attractive features 
No Processing Fee. 1% rebate on interest during holiday period, if interest is remitted promptly during the period.

Rate of interest – Upto Rs.4.00 lakhs – 12.50% p.a
Above Rs.4.00 lakhs-13.00% p.a

 

 

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