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 Date : 5/19/2012 
 Bank Loan
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Eligibility
A candidate should have a good academic record.


Important Documents
Academic records and admission approval.


Amount of Loan
 

Maximum amount of loan that can be granted for study in India: Rs. 7,50,000
 
Maximum amount of loan that can be granted for study Overseas: Rs. 15,00,000


Processing period
A fortnight


Rate of Interest
 

For study in India, for an amountupto Rs. 4,00,000: 13%
 
If the amountis more than Rs. 4,00,000: 13.5% p.a.
 
For study Overseas, for the amount upto Rs. 4,00,000: 13%
 
And the amount exceeding Rs. 4,00,000: 13.5% p.a.
 
Collateral and Third party Guarantee required.


Tenures
Maximum of 7 years


Repayment
After the completion of the course


Important
Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.


Website: www.uwbankindia.com



 


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