#1
2nd December 2015, 02:24 PM
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Bank of Rajasthan Education Loan Scheme
Hello, I want to apply for the educational loan scheme of the Bank of Rajasthan and I want the details of the loan.
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#2
2nd December 2015, 02:24 PM
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Re: Bank of Rajasthan Education Loan Scheme
Hello, here I am providing you the details of the educational loan of the ICICI bank as the Bank of Rajasthan is merged with ICICI in year 2010. Eligibility: Age Limit: Minimum 16 years and maximum upto 40 years. Courses to do in India: Graduation courses – BA, B.Com, B.Sc. etc. Post Graduation courses - Masters & Phd. Professional courses – Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, ICWA, CA, CFA etc. Courses conducted by IIM, IIT, IISc, XLRI, NIFT etc. Computer certificate courses of reputed institutes accredited to Dept. of Electronics or Institutes affiliated to University. Courses to do in abroad: Graduation – for job oriented professional / technical courses offered by reputed universities. Post graduation – MCA, MBA, MS etc. Courses conducted by CIMA – London, CPA in USA etc. Amount of loan: Maximum upto Rs.10.00 lacs for studies in India and Maximum upto Rs.20.00 lacs for studies abroad Margin: Loan upto Rs.4.00 lacs: No margin Loan above Rs.4.00 lacs: (i) 5% for studies in India (ii) 15% for studies outside India. Rate of interest: Presently the rate of interest is 11% (4% below BPLR)(subject to change from time to time) In November 2015 Repayment: Loan will be repaid in 5 - 7 years after commencement of repayment in equated monthly installments depending upon quantum of loan and repaying capacity. |