EDUCATION LOAN (SARASWATI YOJANA)
PURPOSE
To extend financial assistance to deserving meritorious students for pursuing higher education in India & abroad.
ELIGIBILITY
Should be an Indian National.
Secured admission to professional/technical courses in India or abroad through Entrance Test/Selection process.
Secured admission to foreign university / institutions.
LOAN AMOUNT
Need based finance subject to repaying capacity of parents / students. Studies in India:
Max. Rs. 10.00 lacs Studies
Abroad: Max. Rs.20.00 lacs
MARGIN
Up to Rs. 4 lacs : Nil
Above Rs.4 lacs : Studies in India : 5% Studies Abroad : 15%
INTEREST RATE
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