Bank of Rajasthan Education Loan

What is the required eligibility criteria for Bank of Rajasthan Education Loan & interest rate, will you please provide here Bank of Rajasthan Education Loan details???

[Kiran Chandar]

Bank of Rajasthan Education Loan details are as given below:

Eligibility
The applicant should have Good academic records and selection for the course.

Documents to be Submitted are:

Mark sheet,
Proof of admission,
Proof of cost of course

Maximum Amount of Loan
The amount is Rs 30 lacs for studies in abroad.
A candidate, planning to study in India can apply for a maximum loan amount of Rs 15 lacs.
Rate of Interest

For Overseas
Upto Rs 25000 : 12.75%
From Rs 25000 to Rs 200000 : 14%
Above Rs 200000 : 16%.

In India
Upto Rs 25000: 12.75%
From Rs 25000 to Rs 200000 : 14%
Above Rs 200000 : 16%.
Brochure of the educational institution stating the amount of fees charged

Repayment
You can repay Bank of Rajasthan Student Loans within a time period of 3 to 5 years.

I want to get information about the Education Loan Eligibility Criteria, Important Document as well as Rate of interest of Bank of Rajasthan. So here can you provide me information about it?

[Raman Vij]

As per your request here I am providing you information about the Education Loan Eligibility Criteria, Important Document as well as Rate of interest of Bank of Rajasthan.

Education Loan Eligibility Criteria of Bank of Rajasthan
Applicant must have had good academic records as well as applicants must be selected for a specific course.

Important Document of Education Loan Bank of Rajasthan
Applicant must furnish his/her mark sheet, proof of admission, specifying the cost of course.

Processing period of Bank of Rajasthan Education Loan Scheme
Within a period of two weeks.

Study Loan Maximum amount
Rs. 3,00,000 (for studies abroad)
Rs. 1,50,000 (for studies in India)

Bank of Rajasthan Education Loan Rate of interest
It the studies are to be pursued in India,
for an amount upto Rs. 25,000: 12.75% p.a.,
From Rs. 25,000 to Rs2,00,000: 14% p.a.
For the amount exceeding Rs. 2,00,000: 16% p.a.

For loans applied for studies aboad Upto 25,000: 12.75% and
for the amount ranging between Rs. 25,000 to Rs 2,00,000: 14%,
while for the amount of loan exceeding Rs. 2.00,000:16% p.a.

Tenure
Till the course is completed.

Repayment
Within a period o 3 to 5 years or earlier.

Details & Contact
Head Office
The Bank Of Rajasthan Ltd.
C-3 Sardar Patel Marg, C- Scheme
Jaipur - 302001
Phone - 91-141-2381222-223-224, 91-141-2381972
Fax - 91-141-2381972