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Personal Advances / Education Loan Plus Scheme
Purpose To consider second loan to students for prosecuting Higher Studies in India & Abroad
Eligibility To students who have already availed education loan and prosecuting for higher studies. Financing will be considered within 1 year of completing the course already financed.
Amount of finance Combined limit should not exceed Rs.7.50 lacs for studies in India & Rs. 15 lacs in Abroad
Margin money As per the original scheme on the combined limit
Security As per the original scheme on the combined limit
Repayment Period 5 to 7 years repayment period after completion of higher education.
Processing charges -- NIL --
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