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  #2  
30th March 2013, 04:46 PM
Super Moderator
 
Join Date: May 2012
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
Unregistered
Guest
 
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?
  #4  
20th March 2015, 08:34 AM
Super Moderator
 
Join Date: Apr 2013
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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