#1
28th March 2013, 10:36 AM
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Bank of Maharashtra Education Loan MBA
Want to know rate of interest offered by Bank of Maharashtra for MBA education loan??
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#2
30th March 2013, 04:46 PM
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Re: Bank of Maharashtra Education Loan MBA
Bank of Maharashtra provides facility for education loan on higher studies which are listed below: Studies in India: Graduation courses/Colleges under Universities approved by UGC. Other courses leading to diploma / degree etc. conducted by colleges / universities approved by UGC / Govt. / AICTE / AIBMS / ICMR etc. Studies Abroad: Job oriented Prof./Technical / PG courses/ Post Graduation: - MCA, MBA, MS etc Age Student should be Indian national, have secured admission by Entrance test / Merit bases selection. Maximum amount: In India : Rs. 10.00 lakh Abroad: Rs. 20.00 lakh Security: Up to Rs. 4.00 lakh Guarantor: Above Rs.4.00 lakh to Rs.7.50 lakh -Satisfactory third party Guarantee Above Rs. 7.50 lakh: Value of collateral security after providing requisite margin as below should be equal to the quantum of finance plus 2 acceptable guarantor. Margin: Up to Rs. 4.00 lakh- Nil Above Rs.4.00 lakh- 5% for studies in India 15% for studies abroad Deduction Limit: N.A Rate of Interest: Loans up to Rs. 4.00 lac (Base Rate + 2.00%) Loans above Rs. 4.00 lac (Base Rate + 2.75%) Repayment EMI – 60 Months (Loan plus int.accrued together) Processing Fee: Nil Insurance: N.A Student can apply education loan in online mode through official website. |
#3
20th March 2015, 08:33 AM
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Re: Bank of Maharashtra Education Loan MBA
I am searching for the Bank of Maharashtra Education Loan Scheme for MBA course? Can you please tell me about the Bank of Maharashtra Education Loan Scheme for MBA course?
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#4
20th March 2015, 08:34 AM
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Re: Bank of Maharashtra Education Loan MBA
You are asking for the Bank of Maharashtra Education Loan Scheme for MBA course. This is as follows: Eligibility Studies in India: Graduation courses/Colleges under Universities approved by UGC Other courses leading to diploma / degree etc conducted by colleges / universities approved by UGC / Govt. / AICTE / AIBMS / ICMR etc Studies Abroad : Job oriented Prof./Technical / PG courses/ Post Graduation: - MCA, MBA, MS etc Maximum amount In India : Rs. 10.00 lac Abroad : Rs. 20.00 lac Security Up to Rs. 4.00 lac - Clean Guarantor Above Rs.4.00 lac to Rs.7.50 lac - Satisfactory third party Guarantee Above Rs. 7.50 lac Margin Up to Rs. 4.00 lac - Nil Above Rs.4.00 lac - 5% for studies in India 15% for studies abroad Rate of Interest Loans up to Rs. 4.00 lac (Base Rate + 2.50%) = 12.75% Loans above Rs. 4.00 lac & upto 7.50 lac (Base Rate + 2.00%) = 12.25% Loans above Rs.7.50 lac (Base Rate + 1.25%)=11.50% |
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