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Gyani (Education Loan)

Purpose

To provide financial support to deserving students to pursue studies for Professional & Technical courses in India and abroad.

Eligibility:

The student should be an Indian National.

Age :

Not Applicable

Maximum Amount of Finance :

Rs.75.00Lakh (Depending upon Course & Place of Study)

Margin :

For Loans Up to Rs.4.00 Lakh: 05%

For Loans above Rs.4.00 Lakh: 15%

Features :

Concession of 0.25% to 0.50% depending upon collateral security coverage.

Repayment period of 10Years for loans upto Rs.7.5Lakh and 15Years for laon above Rs.7.5Lakh.

No security & processing fee for loan amount upto Rs.4.00Lakh.

Concessional Rate of Interest for Female Students.

Processing & Other Charges :

As per banks' Service Charges Booklet

Processing Charges:

Loan Amount

Applicable Charges

Up to Rs.4.00 lakh

Nil

From Rs.4.00 Lakh to Rs.7.50 Lakh

1.00% in addition to documentation charges.

From Rs.7.50 Lakh to Rs.10.00 Lakh

0.50% in addition to documentation charges.

Above Rs.10.00 Lakh

0.50% in addition to documentation charges.

Documentation Charges:

Loan Amount

Applicable Charges

Up to Rs.25000/-

Nil

Above Rs.25000/- to Rs.2.00 Lakh

Rs.500/-

Above Rs.2.00 Lakh to Rs.5.00 Lakh

Rs.1000/-

Above Rs.5.00 Lakh to Rs.25.00 Lakh

Rs.4000/-

Above Rs.25 Lakh to Rs.50.00 Lakh

Rs.6000/-

Above Rs.50.00 Lakh to Rs.2.00 Crore

Rs.8000/-

Above Rs.2.00 Crore

Rs.10000/-

EDUCATION LOAN GYANI : Floating Rate of Interest

  For Term Loan (floating)
For Male Students
Up to 7.50 Lakh NRLLR+2.00
Above 7.50 Lakh NRLLR+1.75
For Female Students
Up to 7.50 Lakh NRLLR+1.50
Above 7.50 Lakh NRLLR+1.25

EDUCATION LOAN GYANI : FIXED ROI

  For Term Loan (fixed)
For Male Students
Up to 7.50 Lakh NRLLR+4.00
Above 7.50 Lakh NRLLR+3.75
For Female Students
Up to 7.50 Lakh NRLLR+3.50
Above 7.50 Lakh NRLLR+3.25