Kalupur Bank Loan

I want to take educational loan from Kalupur Bank for higher studies so can you please provide me the details of educational loan of this bank?

[Kiran Chandar]

Kalupur Bank was established on 05 December 1970. The bank is a
Member of Credit Information Bureau of India Ltd. CIBIL.

Educational Loan-

Purpose
Higher Education course approved by AICTE, and Govt., approved university/college

Eligible Course -

For Approved Graduation, Post graduation, P.hd. ,Research courses in Engineering ,Pharmacy, Medical ,Management ,Computer

Loan Amount -

(i) for study in India – Maximum of Rs.10.00 lacs
(ii) for study in foreign –Maximum of Rs.20.00 lacs

Margin

(i) for India -10% of fee, living exp., other eligible exp. or 60% of valuation of mortgaged property whichever lower

(ii) for Foreign –20% of fee, living exp., other eligible exp. or 60% of valuation of mortgaged property whichever lower

Repayment Period

Maximum 84 months (Including moratorium period up to course period)

Rate of interest

10.00% P.A (Subject to change at the discretion of Bank)
Interest at monthly rest ( not eligible for credit rating base rebate )

Share linking
1.00% of the loan amount sanctioned (Maximum 25000/-)

Guarantee

Two guarantor possessing property and also Income tax-payer

Security

(i) Up to Rs.50000/- Nil
(ii)Above Rs.50000/- Mortgage of Immovable property or lien/assignment of Govt. securities