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VIJYA BANK |
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Education
Loan Scheme
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Pre Requisites : |
The candidate or his guardians should have an account with the bank otherwise should reside in the same area within 4 Kms of the location of the bank. |
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Terms: |
The candidate will be a co - borrower with his guardian |
| Coverage: |
Tuition fee. Maintenance cost /books and equipment. |
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Margin: |
25% and will be released in installments. |
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Security: |
Collateral security. In certain cases mortgage of an immovable Property might be needed. |
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Payment: |
Capital should be paid back after 6 months after the completion of the course of after 3 months after getting a job whichever is earlier.Interest will have to be paid back by the Guardian to the bank in regular intervals. |