#1
12th June 2015, 09:13 AM
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Education Loan For NMIMS
NMIMS university offers the facility of providing the education load from bank for the needy students . Will you please tell about the conditions for getting educational loan for a student ?
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#2
12th June 2015, 11:38 AM
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Re: Education Loan For NMIMS
NMIMS university offers the facility of providing the education load from bank for the needy students for getting this there are some conditions that are given below. Common Conditions for getting educational loan Eligibility : Candidate should be an Indian National having secured admission to Professional / Technical courses through entrance test /selection process. Maximum loan amount Rs. 10 lakhsfor studies in India. Margin Upto Rs. 4 lakhs: NIL, Above Rs. 4 lakhs : In India -5%, Margin(scholarship maybe included in margin.) Disbursement Payment directly to college / hostel / mess / airlines etc. Inappropriate cases disbursement to be made to borrowers subject to satisfactory evidence. Original receipts to be submitted. Repayment For Full Time Courses : Repayment to commence 12 months after completion of studies or 6 months after securing jobs whichever is earlier. Maximum period 5 to 7 years. Repayment on EMI basis. Interest rate on the load fund will be differ bank to bank . Education load from bank - NMIMS |