all about medical
 Date : 7/26/2017 
 Bank Loan
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Eligibility
Details can be had from the bank.


Important Documents
Documents such as marks sheet, proof of guardian's income, necessary evidence for selection to the course, Photostat copy of the candidate's ration card along with the details of admissible expenses during the pursuit of the intended course.


Processing period
Within a period of seven to eight days.


Maximum amount

Rs. 500000 (for studies in India)
 
75% of the course fee (for studies abroad)


Rate of Interest

 If the studies are to be pursued in India, and the loan amount is upto Rs. 200000: 13.5% p.a., If the amount exceeds Rs. 200000: 15.5% p.a. Collateral along with third party guarantee needed if loan is above Rs. 25,000
 
 For loans to be taken for studies abroad upto Rs. 2,00,000: 13.5 % p.a. and for the amount exceeding Rs. 2,00,000 : 15.5% p.a. Collateral along with third party guarantee are required.
 


Tenure
Within a period of 3 to 5 years in India and for overseas, it is 4 years,


Repayment
Within a period of six months after the cour3e is completed.


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.


Head Office
204, Raheja Centre, Nariman Point
 Mumbai - 400 021
Website: www.dcbl.com
 


 

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