CSB Bank Education Loan

Hi buddy for further study I want to apply for Catholic Syrian Bank (CSB) education loan , so can you here tell me some basic info about this loan ??

[Shaleen]

Catholic Syrian Bank (CSB) grant education loan to students for higher studies in India and abroad. Students can apply for loan for course fee, study material, equipments needed for course, etc

Eligibility
Appliers must have attained 21 years of age and have secured minimum 60% marks throughout the academic pursuance. They must have obtained approval for admission from the institution where they aim to pursue their study.

a) Studies in India
For School Education including Plus Two
Graduation Courses
Post -Graduation Courses etc

b) Studies abroad:

The student should be an Indian National who has secured admission to professional courses through Test/selection process , to foreign University institutions.


Loan Features
Courses in India Courses Abroad IIT, IIM, ISB Courses
Max Loan Amount Rs. 750,000 Rs. 1,500,000 No ceiling
Interest Rates
Loans upto Rs. 4 lakh 14.50% 14.50% 0.00%
Loans Rs. 4.0 - 7.5 lakh 15.00% 0.00% 0.00%
Loans > Rs. 7.5 lakh 15.00% 15.00% 0.00%
Max Funding as Proportion of Cost
Loans upto Rs. 4 lakh 100% 100% 100%
Loans above Rs. 4 lakh 95% 85% 100%
Max Tenure Post Moratorium
Loans upto Rs. 7.5 lakh 7 years 7 years 0 years
Loans above Rs. 7.5 lakh 7 years 7 years 0 years
Co-Applicant required (Y/N) Yes Yes Yes
Third Party Guarantee
Loans upto Rs. 4 lakh Not required Not required Not required
Loans Rs. 4.0 - 7.5 lakh Required Required Required
Loans > Rs. 7.5 lakh Not required Not required Not required
Collateral Security (Fixed deposit/ Property, LIC)
Loans upto Rs. 4 lakh Not required Not required Not required
Loans Rs. 4.0 - 7.5 lakh Not required Not required Not required
Loans > Rs. 7.5 lakh Required Required Required
Prepayment Charges (Y/N) Nil Nil Nil
Moratorium Period (lower of the two)
After course period 12 months 12 months 12 months
After getting job 6 months 6 months 6 months