The applicant must have obtained first class marks and have received
admission. He/ she should be at least 21 years of age.
Admission approval with statement of marks of the previous examinations.
Within a period of 45 days.
Rs. 4,00,000 (for studies in India)
Rs. 4,00,000 (for studies abroad)
Rate of Interest
If the studies are to be pursued in India, for an amount upto Rs.
2,00,000: 12% p.a. If the amount exceeds Rs, 2,00,000: 13.5%. Third party
guarantee needed. For loans to be taken for studies abroad, interest rates
are same as those mentioned above.
After the course is completed.
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.
5, Yashwant Nivas Road, Indore - 452 003
Gen: 0731-434580, Fax: 0731-537217