Madhya Bihar Gramin Bank Education Loan Form

Hii sir, I Wants to Apply for the Vidya Dayani Education Loan Scheme of the Madhya Bihar Gramin Bank will you Please Provide me the Application loan Scheme of the Madhya Bihar Gramin Bank ?

[pawan]

As you wants to Apply for the dya Dayani Education Loan Scheme of the Madhya Bihar Gramin Bank the Detials of the Education Loan Scheme is given below


PURPOSE
To provide financial support to deserving/meritorious students for pursuing higher,professional and technical education.

Eligibility

Courses eligible- Professional courses,Computers certificate courses of reputed mistitues, courses like ICWA, CA, CFA etc., courses by I.I.T.IIM, I.I.S.C. etc.

Student eligibility Indian, secured admission through entrance test/selection process and parents should be in the command area of branch office.

MARGIN

Upto Rs.4 lac Nil
Above Rs.4 lac 10%

Interest Rate

INTT. RATE

The interest to be debited monthly on simple basis during the repayment holiday period.
2% panel Intt. For above Rs.2 lac. for overdue amount & overdue period.

SECURITY
Co-obligation of either or both parents or guardian(s) and collateral security or suitable third party guarantee.

the Application form for the Vidya Dayani Education Loan Scheme of the Madhya Bihar Gramin Bank you may get from the nearest branch of the Bank